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NATURE AND SCOPE OF FINANCIAL MANAGEMENT



Introduction

Finance is the blood of the business. Without finance neither any business can be started nor successfully run. Finance is needed to promote or establish any business, acquire fixed assets, make necessary, investigations, develop product keep man and machines at work, encourage management to make progress and create values.

Definitions

J.F. Bradlery :
Financial management is the area of business man ....etc

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Financial Management: Theory and Practice celebrates the 23rd Anniversary of its publication. Over these two decades, Indian business and finance have considerably changed owing to deregulation, liberalisation, privatisation, globalisation, and the ascendance of the services sector. The book has kept pace with these changes and captures the central themes and concerns of corporate financial management-making it both contemporary and comprehensive.The book seeks to:*Build understanding of the central ideas and theories of modern finance*Develop ....etc

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FINANCIAL ANALYSIS OF BIHAR STATE FINANCIAL CORPORATION S


RATIONALE BEHIND THE STUDY

BSFC will be restructured and strengthened to meet the growing financial and mercantile needs of entrepreneurs.
Although the Government has nominated representatives of Associations of industrial enterprises and Chambers of Commerce in the Board of this Institution a need has been felt to further strengthen the Board with induction of greater number of competent professionals and representative of Chambers and Industries ....etc

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Introduction
Every business enterprise in this world irrespective of its nature and scale of operations needs finance to carry out its activities and accomplish its goals.

Money is a continuous necessity in running any organization and without it very few opportunities can be taken advantage of.

Financial management basically deals with the procurement of funds needed for business and its efficient utilization.

In other words management of finance is the anticipation of financial needs, acquiring fi ....etc

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