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Financial Management Help
What Is Financial Management? Definition/Meaning
Financial Management refers to planning, monitoring, directing and controlling financial processes in business such as procurement and enterprise funds. It is the application of principles of management to an organization's financial activities. The scope of Financial Management extends to;
- Dividend decisions – this entails making decisions regarding the distribution of net profit.
- Financial decisions – this entails decisions around raising finance from different sources, cost of Financing, period of financing and the returns expected.
- Investment decisions – this includes investments decision on current assets and fixed assets.
Career Benefits of Studying Financial Management
Financial Management students mainly end up becoming financial managers. Financial managers use tax, accounting, finance and auditing skills to prepare financial statements for corporate. With experience, financial managers can qualify as accounting managers. They career ladder for a financial manager is likely to move up from financial manager to accounting manager to accounting director to controller to chief financial officer. It is a career path that promises gradual growth for an individual. Besides, the promise of career growth, Financial Management careers are certainly rewarding financially. It is an area of study where graduates have the opportunity to get absorbed in both the government and private sectors of employment.
Study Workload Facing Financial Management Students
Financial Management is an area of study with lots of financial calculations; the course equally has its fair share of theory work. It, therefore, goes without saying that there is much to be covered in this course. As usual, when the course content scoop is too wide, most of the coverage task is delegated to students as Financial Management homework. Your lecturer will hardly spare you the homework burden. But simply because this burden is bestowed on you does not mean you have to be the one carrying it. Simply drop it, and we will take it up from there and deliver it safely and in perfect shape.
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