Trend in Sales and Profitability Positions of the Select Cement Industries in India

Financial management mentions to the efficient and effective management of funds in such a manner as to achieve the objectives of the firm. It is the specialized function directly attendant with the top management. The importance of this function is not seen in the 'Line' but also in the capacity of the 'Staff' in overall of a company. It has been defined differently by different pundit in the field. The term typically applies to an firms or company's financial strategy, while personal finance or financial life management refers to an individual's management strategy. It incorporates how to raise the capital and how to allocate capital, i.e. capital budgeting. Not only for long term budgeting, but also how to allocate the short term resources like current liabilities. It also deals with the dividend policies of the shareholders.