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  Published Paper Details:

  Paper Title

THE IMPORTANCE, SCOPE AND ELEMENTS OF FINANCIAL MANAGEMENT

  Authors

  Ashok Sharma

  Keywords

Concepts, Scope, Importance and lements

  Abstract


Financial management provides the foundation for proper fund utilisation and strategic planning to uphold fiscal supervision. Managing finances is crucial since it adds value to an organisation and strengthens the customer relationship. Financial management involves managing cash movement, risk management and managing credit. The Imagine a financial institution (banks or Non-banking financial institutions) operating under the strict supervision of the central bank. Since the Central Banks control the monetary mechanism, they can regulate the general functioning of banks by tweaking repo/reverse repo rate values, etc. Banks essentially earn profits from the difference in interest income earned from extending loans and interest paid by their customers.

  IJCRT's Publication Details

  Unique Identification Number - IJCRT2303339

  Paper ID - 232526

  Page Number(s) - c976-c982

  Pubished in - Volume 11 | Issue 3 | March 2023

  DOI (Digital Object Identifier) -   

  Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882

  E-ISSN Number - 2320-2882

  Cite this article

  Ashok Sharma,   "THE IMPORTANCE, SCOPE AND ELEMENTS OF FINANCIAL MANAGEMENT", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.11, Issue 3, pp.c976-c982, March 2023, Available at :http://www.ijcrt.org/papers/IJCRT2303339.pdf

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ISSN: 2320-2882
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ISSN and 7.97 Impact Factor Details


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ISSN: 2320-2882
Impact Factor: 7.97 and ISSN APPROVED
Journal Starting Year (ESTD) : 2013
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