Nature of Financial Management
The nature of financial management is to vast. Lets see below,
§ Financial Management is an appendage of finance function. This
finance function is a separate discipline or subject in financial management.
§ Earlier it was regarded as the branch of economics but now
financial management is regarded as special managerial disciple and control of
finance.
§ The concept of financial management has kept on evolving and still
going on.
§ Financial Management functions is conjunction i.e. It is the
combination of various areas of business like finance, marketing, production
and so on.
§ Financial Management is highly centralized function.
§ Financial Management is interlinked with general management.
§ Financial Management interacts with the other disciplines like
economic, mathematics, systems analysis, behavior science, financial accounting
and so on.
§ Financial Management is not just profit extracting device rather it
is a profit contributes to profit making.
§ Financial Management helps to protect the interest of business and
price.
§ Financial Management is a science as well as art.
§ Financial Management also influences the social values, economic
changes and political regulations and so on.
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