What are the 10 principles of financial management and their
definitions?
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Finance
What are the 10 principles of financial management and theirdefinitions?
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FINANCIAL MANAGEMENT Money required for carrying business activities is called business finance Finance is needed to establish a business to run it to modernize it to expand or diversify it Financial Management is the activity concerned with the planning raising controlling and administering of fund used in the businessIt is concerned with optimal procurement as well as usage of finance It aims at ensuring availability of enough funds whenever required as well as avoiding idle financeHaving an organised financial process can increase the chance of company of being successful in an industry However a business should consider these principles in managing their
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