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Financial Management
Notes raising of funds. In the later years, its broader scope, included in addition to the procurement of
funds, efficient use of resources.
1.1.1 Scope of Financial Management
Financial Management is broadly concerned with the acquisition and use of funds by a business
firm. The important tasks of financial management, as related to the above, may be categorized
as follows:
Financial Analysis, Planning and Control
Analysis of financial condition and preference
Profit planning
Financial forecasting
Financial control
1.1.2 Important Topics in Financial Management
Balance Sheet and Topics in Financial Management
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