Finance management is one of the important education which has been realized world wide. Nowadays people are undergoing various specialization courses of financial management.
2. The nature of financial management is never a separate entity. Even as an operational manager or functional manager one has to take responsibility for financial management.
3. Finance is a foundation of economic activities. The person who manages finance is called a financial manager. Important role of a financial manager is to control finance and implement the plans.
4. Nature of financial management is multidisciplinary. Financial management depends upon various other factors like- accounting, banking, inflation, economy etc. for the better utilization of finances.
5. Approach of financial management is not limited to business functions but it is a backbone of commerce, economic and industry.