1. Meaning of finance
Finance may be defined as the art or science of management or managing money it includes financial services & financial management .

2. Meaning of finance management
It is the process of management applied to finance or it is a maximization of shareholder.

3. Defination of financial management
According to joseph & mass “ it is the operational activity of business that is the responsible for obtaining & effectively utilizing the funds necessary for efficient operation .

4. Objectives of financial management
Profit maximization approach
Wealth maximization approach

5. Advantages of Profit maximization
It is rational as well as natural objective
It help to face adverse contingency
It helps for proper utilization of resource
It help for growth & development of organization
Maximizing social welfare

6. Disadvantages of profit maximization
It is vague or ambiguity
Ignores time value of money
Ignores risk factor
Dividend policy

7. Factors effecting wealth maximization
Avoid high level risk
Pay dividends
Maintain growth in sales
Maintain the market price of equity shares

8. Advantages of wealth maximization
Exactness or avoiding the ambiguity
Time value of money
It promotes the economic welfare of the shareholders
It helps for achieving the other objectives
Payment of regular dividend
It is useful in taking investment decisions
Quality of benefits

9. Disadvantages of wealth maximization
Govt. restriction
Reduce the profit ability
Most of the shares are held by few people
Firms wealth is not considered
Wealth maximization is a prescriptive idea

10. Scope of financial management
Anticipation
Acquisition
Allocation
Appropriation
Assessment
Estimating financial required
Deciding capital structure
Selecting the source of finance

11. Functions of financial management
Estimation of capital requirement
Determination of capital composition
Choice of source of funds
Investment of funds
Disposal & surplus

12. Multiple flow & annuity
The future value of an annuity is calculated at the end of the period in which the end of the period in which the last annuity payment accurse.

13. ETHICS OF FINANCIAL MANAGEMENT
Conduct
Disclosure
Compliance
Reporting
Accountability

14. THANK YOU