Explore BrainMass

Key concepts of Financial Management

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

Identify and briefly discuss two important concepts applicable to financial management.

3 or 4 sentence long answer will do.

© BrainMass Inc. brainmass.com October 25, 2018, 9:18 am ad1c9bdddf

Solution Preview

Do a preliminary research on the definition of financial management. Think of key principles and concepts that you think are relevant in the definition and proceed from them. Think about it from your personal point of view (how you use money wisely and how you save money to buy something/invest into something).

Financial management is about administering/managing money or funds in ways that are efficient and effective in order to achieve an organization's goal. In other contexts, it could refer to how you raise capital (money) and ...

Solution Summary

Understanding the key principles of financial management. Financial management is important for a company's profitability and growth. It requires prudent or wise allocation of resources.

See Also This Related BrainMass Solution

Concept of Balanced Scorecard

In any manner you choose, demonstrate to me that you understand the concept of Balanced Scorecard. After you have demonstrated your understanding of the Balanced Scorecard concept, discuss specifically how this model is similar to the case method in integrating the different functions of a business. Please present your response in a cogent and logical manner.

View Full Posting Details