Answer:
Fiance management is the areas of the organisation that deals with the investment and analyzing money for a business or person to make sound business decisions. the work done by accounting department of a company is an example of finance management.
There are three basic management decisions in the modern approach of management decisions, finance decisions, investment decisions and dividend decision.
The major trends in the finance management are security, mobility, data analytics, regulatory challenges and digitization.
Modern financial management is basically concerned and lay more emphasis on proper anticipating, acquisition and allocation of fund effectively.
Basically, the Financial management refers to the function of a department that deals with application of general principles of management to the financial possessions of a firm.
For instance, the accounting department of a firm is one which performs the finance management.
However, the Modern financial management is basically concerned and lay more emphasis on proper anticipating, acquisition and allocation of fund effectively.
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