Finance Management : Introduction
Money, in other words the capital or finance makes every business possible
and for a successful business this capital has to be managed very carefully.
Finance is the field which deals with the concepts of time, money and
risk and how they are interrelated. Financial Management is the science
of money management which is concerned with managing the finance of a
company or organization and helping to accomplish their goals. It is about
planning income and expenditure and making decisions that will enable
the company to survive financially.
In the existing scenario of globalization and recession each and every
company is looking for financial experts who can cut off the cost and
maximize their profit. With the growing Indian economic system, these
professionals are in great demand in the big corporate sectors and also
in small firms. Though it is a glamour less profession, a career in financial
management is quite rewarding. They are the investment doctors who are
responsible to take care of an individual or organisation's financial
health, ensuring orderly and systematic achievement of the financial goals.
Preparing financial reports, guiding investment activities and overall
money management are the major duties of a Financial manager. They help
the organization to achieve its enduring goals by developing financial
strategies. A good finance manager is a valuable asset to the organization
and what makes a good Finance Manager is not the skill to earn money but
the capability of dealing with money.
MBA qualified professionals are most in demand for the position of Finance
manager, but graduates with good experience and skill can also be in the
track of success. For some financial management positions, formal education
can be secondary to work experience. Though a career in Finance Management
is lucrative, the road leading to it, is definitely a hard one. A fast-track
career in Finance Management depends on sound knowledge of money trends
and the investment market.
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