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In simple terms, financial management can be defined as managing the finance(funds).Basically, it is related with acquisition and utilisation of the funds that is how funds have been acquired and whether these funds have been properly utilised or not .Financial management helps in achieving the objectives of [the company] like it helps in survival of [the company],helps in growth of [the company].Many companies get liguidated just because of the reason that they have not properly manage their finace.Moreover companies have scarce resources which needs to be utilised in such a manner which gives more return than the cost.So Financial management is the need of the day.
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