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Financial Management

Managerial Finance or financial management is a section of management that pertains to the domain of finance and accounting. Here, more than the role of accounting, the task of financial assessment is a major player. A sound manager of finances is able to allocate limited resources in business opportunities for greater benefit through his creative insight and financial management skills. Financial Management today is ever in demand especially in the upcoming multinational companies as much as in the civic and national limited companies in the industry. Other management opportunities for financial management diploma holders are in corporate finance as well as in managerial accounting. The minimum qualification for eligibility to Financial Management courses is graduation in economics or commerce. Management Institutes of Finance like XIMB offer 100% placements to students and are much sought after for admission to the financial management mba course, and several others.

Financial Management Courses

Several institutes offer a number of Financial Management Courses in India. Besides the regular financial management course, several students apply for chartered accountancy. Another popular course in financial management is MBA with Finance and Marketing. Besides these other courses like Cost and Management Accountancy, Management of Business Finance, Certified Treasurer Manager, Certified Investment Banker, Certified Public Accountant, Certified Risk and Insurance Manager are some of the fields open to students who wish to pursue a career in Financial Management. More courses in financial management are available in institutes and universities offering Management Development Programs, Basic Business Finance, Foundation in Financial Planning as well as a Fellowship Program in Finance.

Financial Management Definition

Economy Watch states "financial management entails a planning for the future of a person or a business enterprise to ensure a positive cash flow. It includes the administration and maintenance of financial assets. Besides, financial management covers the process of identifying and managing risks." Small Business Notes mentions that Financial Management is "the process of managing the financial resources, including accounting and financial reporting, budgeting, collecting accounts receivable, risk management, and insurance for a business."

The Free Dictionary states the definition, "Financial management encompasses the two core processes of resource management and finance operations." To some financial management professionals know the art of making decisions in the realm of financial control with the given situation keeping in view future fluctuations of the economy.

Financial Management Derivatives

In financial management derivatives are financial instruments between two individual or parties that are like financial contracts with value linked to the movement of future values of assets like shares or currency. Swaps, options and futures are some of the kinds of derivatives considered in financial management. Wikipedia states derivatives to be "agreements between two parties that are contingent on a future outcome of the underlying." There are several books that present the subject of Financial Management Derivates in a very lucid manner. Students can avail of the books from the financial management library department or from books stalls. Free download facilities are available on some websites. I. M. Pandey is a very popular author among students of Financial Management, for concepts on all the basics of financial management including derivatives.

Financial Management Books

The Dictionary of Financial Risk Management as well as Risk and Financial Management are some of the must reads for up coming professionals in financial management. Besides books by authors like Prasanna Chandra, Damodaran and other authors provide information for preparing notes. For dissertation topics in the line of financial management and control, financial management and accounting as well as for assignments, case study analyses a lot of material is available through financial management books, pdf, ppt etc. Many students of Financial Management have easy access to free download of ebooks on several topics like case studies, dissertation topics on financial management and international finance, financial management and policy, financial management analyses etc. The financial management dictionary also provides several definitions and information on concepts of derivatives, financial management decisions and decision makers, capital budgeting, financial management companies and financial management certification.

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