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Meaning of Financial Management Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. It means applying general management principles to financial resources of the enterprise. Scope/Elements Investment decisions includes investment in fixed assets (called as capital budgeting). Investment in current assets are also a part of investment decisions called...

Finance Functions

The following explanation will help in understanding each finance function in detail Investment Decision One of the most important finance functions is to intelligently allocate capital to long term assets. This activity is also known as...

How the Barcelona Startup Scene Has Changed in the 5 Years Since I Started...

My first conversation with my now co-founder Robert Muñoz was about toilets. At the time, I was working on my first venture -- a design studio called Fat-Man-Collective -- and Muñoz was running his own...

Explainer – What is “fintech” and how is it changing financial products?

The word “fintech” is simply a combination of the words “financial” and “technology”. It describes the use of technology to deliver financial services and products to consumers. This could be in the areas of...

Entrepreneurs: Information About a Career As an Entrepreneur

The term entrepreneur typically refers to an independent-minded or innovative business person who is interested in breaking out of the 9-5 environment. Read on for more information about the nature of entrepreneurship and skill-sets...

Financial Management – Meaning, Objectives and Functions

Meaning of Financial Management Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. It means applying general management principles to financial resources of...

The Winning Formula For Content Creation

When I was growing up in the 1980s and ’90s, information was a valued possession. It was rare and hard to get. You had to go to the library if you wanted to find...

Financial Planning – Definition, Objectives and Importance

Definition of Financial Planning Financial Planning is the process of estimating the capital required and determining it’s competition. It is the process of framing financial policies in relation to procurement, investment and administration of funds...

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Finance Functions

The following explanation will help in understanding each finance function in detail Investment Decision One of the most important finance functions is to intelligently allocate capital...

Financial Planning – Definition, Objectives and Importance

Definition of Financial Planning Financial Planning is the process of estimating the capital required and determining it’s competition. It is the process of framing financial...

Financial Management – Meaning, Objectives and Functions

Meaning of Financial Management Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise....