The time and extent of the availability of finance in any organization indicates the health of a concern. Every organization, may it be a company, firm, college, school, bank or university requires finance for running day to day affairs. As every organization previews stiff competition, it requires finance not only for survival but also for strengthening themselves.
Finance is the life-blood of economic enterprises and is called “The science of money”. Finance provides security, stability and flexibility to both profit and non-profit organizations in order to develop goods and services to meet the demands. It enables the organizations to adopt and compete in changing economic environments managerial approach of finance or problem-centered approach is concerned with procurement and optimal utilization of funds.
The management approach to finance is a modern and a balanced one and many prominent experts of the modern era support this view. It studies the principles and the methods of obtaining, control of money from those who have saved it, and of administering it by those into whose control it passes. It is the process of conversion of accumulated funds to productive use. It is that managerial activity which is concerned with planning and controlling of the firm’s financial resources. It is concerned with acquiring, financing and managing assets to accomplish the overall goal of a business enterprise.
This course enables the young aspirants to learn and made them capable to take decisions on various concepts. Such as:
