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Of economic resources namely capital funds financial management is concerned with the managerial decisions that result in the acquisition and financing of short term and long term credits. 8 financial management facing financial difficulties, such as balance-of-payments deficits, or may be dealing with economic problems. Financial planning is the process of estimating the capital required and determining its competition it is the process of framing financial policies in relation to procurement, investment. Financial management serves both academicians and practitioners who are concerned with the financial management of nonfinancial businesses, financial institutions, and public and private. Financial management financial management is one of the important function of management in dealing with the resource and monetary aspect of business for funding and operating a business.
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