3 Main Significance of Financial Management
The importance of financial management is known from the following aspects:- 1. Applicability 2. Chances of Failure 3. Return on Investment. Significance # 1. Applicability: The principle of finance is applicable wherever there is cash-flow. The concept of cash-flow is one of the central elements of financial analysis, planning, control and resource allocation decisions. Cash-flow are important because financial health [...]