The importance of financial management is known from the following aspects:- 1. Applicability 2. Chances of Failure 3. Return on Investment. Significance # 1. Applicability: The principle of finance is applicable wherever there is cash-flow. The concept of cash-flow is one of the central elements of financial analysis, planning, control and resource allocation decisions. Cash-flow […]
3 Main Significance of Financial Management
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Significance of Company Annual Report
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In this article we will discuss about the significance of company annual report. Company Annual Report has become a significant medium of corporate reporting today, although information about a company’s affairs can be communicated through other media also, e.g., prospectus, financial press release, interim report, and personal contact with company officials. Prospectuses are made available […]