Main Financial Statements and Ratios in Financial Management

Applied Business
Finance

Table of Contents
Introduction......................................................................................................................................3
Main financial statements and use of ratios in financial management............................................4

Introduction
Financial Management
Financial management by different creators: Phillippatus has taken on a stricter meaning for
money management. He said: "Money Management is concerned about the administrative
options that have led to the acquisition and financing of short and long range credits for
associations.
Financial management is the means to a comprehensive money analysis. There are many
definitions in the term money management itself. Among the myriad of explanations in general,
the meaning of money management is generally known and recognized by S.C. Kuchhal. At
present, "Money Management governs fundraising and its operational use in the industry.
Importance
Financial Planning
The money management helps determine the financial need for the industry's concerns and
persuades financial arrangements to address the concerns.
Acquisition of Funds
Money management involves obtaining the expected cash for the company. Ensuring that the
necessary supports have a significant impact on money management, which includes at least
possible sources of expense accounts.
Appropriate use of assets
Appropriate use and distribution of resource proposals will improve the efficiency of business
operations. Proper utilization of funds by the account manager can reduce capital expenditure
and increase the company's estimate.