Important Points for IC 89 - Management Accounting Exam

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  • Financial management is an important managerial function concerned with planing and controlling financial resources of an enterprise with a view to maximise returns. It undertakes an integrated decision making process involving acquistion of assets, financing and managing thereof to accomplish the goals and objectives of the organisation.
  • Finanical Management: Procurement of fund decisions and Allocation of fund decisions.
  • Investment decisions determine how costly funds are allotted and committed to various projects and plans.

Management Accounting