Using Financial Planning To Manage Financial Resources Finance Essay

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Financial management is that managerial activity which is concerned with the planning and controlling of the company’s financial resources. The basis for financial planning, analysis and decision making is the financial information. Financial information is needed to predict compare and evaluate the company’s earning ability.

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It is also required to recognize in economic decision making investment and financial decision making. Financial analysis is the process of identifying the financial weaknesses and strengths of the by properly establishing relationships between the item of the profit and loss account and balance sheet . Financial Statements are primary need for decision making. They play a key role in setting the framework of managerial decision makings. financial management is very important to every firm. Financial management take the decision about the firm accounts and financial position ,and they should follow the local government financial policies. the objective of affirm should be to create value for its stockholders, value is represented by the market price of firm. the company should be concentrates on profit maximization. Financial manager is follow with determining the best financing system or structure. Financial management is analyze the yearly financial position of the firm . And financial managers take the major decisions on the firm economical position. objectives of the study: The main objectives of the study are to evaluate financial performance of M.G FABRICATIONS. Analysis the financial performance of M.G FABRICATIONS financial position. To know the changes occurring in economic resources and obligations. Analyze the three years financial position Determine the economical recourses of the company Use the founds in proper way Analyze the company economic position and performance Interpret the financial statement , planning and decision king scope of the study: The study represented to the analysis the different types of accounts in the company. Company incomes ,expenses, profit and loss also studied in this analysis. What is the significant role in company ,which dessions are taken in the form about the financial development also need to company development. methodology used in the study : Methodology is a systematic procedure of collecting information in order to analyze and verify a phenomenon. The collection of information is done two principles. They are as follows: Primary Data Secondary Data Primary Data: Primary data is the information collected directly without any references. In this study it was mainly through interviews with concerned officers and staffs either individually or collectively some of the information had been verified or supplemented with personal observations. The data includes Conducting personal interviews with the officers of the financial department. Guidelines and necessary information taken from my guide. By using primary methods to collect the primary information or data.

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