Financial
management is an activity of planning, budgeting, inspection, management,
control, retrieval, and storage of funds owned by an organization or company.
Financial
management goal is to maximize the value of the company. thus if one day the
company is sold, then the price can be set as high as possible. a manager
should also be able to suppress the flow of circulation of money to avoid
unwanted actions.
The financial
management function: 1. financial planning, income and expenditure plan as well
as other activities for a certain period. 2. financial budgeting, follow-up of
financial planning by making the details of spending and income. 3. financial
management, using corporate funds to maximize funds there are a variety of ways
4. financial search, find and exploit existing sources of funding for the
operational activities of the company, 5. storage finance, raise the company as
well as storing and securing these funds. 6. financial control, evaluation and
improvement over the finances and financial systems at the company. 7.
examination of finance, internal audit of the company's finances in order not
to occur irregularities. 8. financial reporting, provision of information about
the company's financial condition as well as material evaluation
When associated
with this objective, the financial manager's functionality includes the
following: 1. to conduct surveillance over the cost of 2. set the price of
wisdom 3. predicting earnings will come in 4. measure or explore the cost of working
capital.
My opinion on
this article are: financial management can be defined as a good fund management
related to the allocation of investment funds in a variety of shapes
effectively and fund-raising efforts for investment or efficient spending.
Nama : A.A Sagung Ayu Nitya Anjani
NPM : 10213005
Kelas : 1EA10
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