FINANCIAL MANAGEMENT : THEORY AND PRACTICE
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Pay NowPublished Date: 2024-12-11
Author Name: Dr. J. Venugopal
Financial Management: Theory and Practice is a field that focuses on the planning, organizing, directing, and controlling of financial resources in an organization to achieve its goals and objectives. It involves applying financial theory to practical decision-making, including managing investments, capital structure, budgeting, risk assessment, and financial analysis. The theory component deals with the principles and models that guide financial decision-making, while the practice aspect emphasizes real-world application of these concepts in managing cash flow, optimizing returns, minimizing costs, and ensuring long-term financial stability. Effective financial management enables organizations to make informed decisions, maximize shareholder value, and sustain growth in an ever-changing economic environment.