In today's
competitive global environment, financial managers are continually faced with
the ability to engage in activities bringing value to the firm and the
shareholders. In order to achieve their goals successfully, financial managers
need to set strategies to influence the direction and success of the company.
Such strategies include internal company
Finance is the management of money and financial
management shows the management of financial activities properly to achieve
firm's goal ( wealth maximization). Actually financial management shows the
techniques and strategies to determine the needs of the fund, to identify the
possible and plausible sources of fund, to collect the necessary fund from the
identified sources and to invest the collected fund in different profitable
sectors by maintaining the principles of finance to achieve the goal of the
business firm.