Finance Management
Monday, April 15, 2024
Education & Career
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Finance Management : Introduction

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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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