NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
Financial Management
1. Financial Management Financial management is mainly concerned with the proper management of funds. The finance manager must see that funds are procured in such a manner that risk, cost and control considerations are properly balanced and there is optimum utilization of funds. [email_address]
2. According to Soloman , “Financial management is concerned with the efficient use of economic resources”. According to Phillippatus , “Financial management is concerned with management decision that result in acquisition and financing of long-term and short-term credits for the firm”. [email_address]