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financial management? - Coggle Diagram
financial management?
why we need to manage finance?
to establish/start a business
to run a business/ to survive
to expand/ diversify/ modernize
to acquire (new) assets
to run activities day /day
pay salaries
buy raw materials
furniture
functions of FM?
identify
need of business
sources of finance
compare
cost
Risk
invest
to get high return
manage?
effectively
efficiency
why we manage finance?
acquisition of funds
allocation of funds
efficient operational activity of a business
responsible for
obtaining funds
effectively utilizing the funds