Financial Management: Approaches, Principles, and Role

Financial
Management

Table of Content
 Introduction
 Different types of formal and informal approaches used in decision-making
– Evaluation of approaches, techniques and factors that contributes in effective decision making
– Stakeholder management and management of conflicting objectives of stakeholders
– Value of management accounting techniques
– Techniques of fraud detection
 Approaches to support decision making
 Key financial principles use in financial strategies making
 Key financial management principle
 Evaluation of key financial management principle
 Role of management accountant.
 Accounting control system and their values
 Role of accountant and control system
 Conclusion


Introduction
Financial management pertains to strategical or managerial planning, coordination, direction
and effective controlling of all the major fiscal functions in corporation or business entity. This
involves systematic application of managerial principles and concepts in management of fiscal
resources and assets of corporation and perform a crucial part in organisational and fiscal
management.

Different types of formal and informal
approaches used in decision-making
Financial management has appeared as the most important and interesting fields both for
academic research and for the examination of executives of practice finance. This included
different aspects that are based on efficient decisions taken during the period by an
organization. Comprehension of finance as resources understands in general way. While in
real sense these words are money analysis and their critical flow to more efficient activity of a
new company.