Definitions of Financial Management
Definition of Financial Management
Understanding Financial Management has developed starting from the notion that only prioritizes management activities until it obtained the funds that prioritizes activities to obtain and use funds and manages its assets.
Some Definitions of financial management is given as follows:
a. Liefman: Financial Management is an effort to provide the money and use the money to get or obtain assets.
b. Suad Husnan: Financial Management is the management of financial functions.
c. Grestenberg: how business are organized to acquire funds, how they acquire funds, how the use them and how the prof ts business are distributed.
d. James Van Horne: Financial Management is all activities relating to the acquisition, financing and asset management with the overall objective.
e. Bambang Riyanto: overall company activities relating to us aha obtain the necessary funds with minimal expenses, and the terms of their most profitable business to use these funds as efficiently as possible.
Understanding the financial management of the above, several conclusions can be drawn that the financial management related to three activities (function) key:
a. Allocation of funds (the use of activity funds) which activities to invest in various assets. Allocation of funds in the form:
* Financial assets (financial assets) is a valuable piece of paper that have a market value because they have the right to earn an income, for example: stocks, certif ~ kat deposits, or bonds.
* Real assets (real property) that is real property: land, buildings, equipment.
b. Raising of funds (fund acquisition activity) that the activities necessary to obtain funding either from the company's internal resources and external sources, including also political dividends. Sumber dana pada perusahaan secara keseluruhan: Source of funds in the company as a whole:
c. Asset management (asset management activities) are obtained and after the funds allocated in the form of assets, assets must be managed as efficiently as possible.
Understanding Financial Management has developed starting from the notion that only prioritizes management activities until it obtained the funds that prioritizes activities to obtain and use funds and manages its assets.
Some Definitions of financial management is given as follows:
a. Liefman: Financial Management is an effort to provide the money and use the money to get or obtain assets.
b. Suad Husnan: Financial Management is the management of financial functions.
c. Grestenberg: how business are organized to acquire funds, how they acquire funds, how the use them and how the prof ts business are distributed.
d. James Van Horne: Financial Management is all activities relating to the acquisition, financing and asset management with the overall objective.
e. Bambang Riyanto: overall company activities relating to us aha obtain the necessary funds with minimal expenses, and the terms of their most profitable business to use these funds as efficiently as possible.
Understanding the financial management of the above, several conclusions can be drawn that the financial management related to three activities (function) key:
a. Allocation of funds (the use of activity funds) which activities to invest in various assets. Allocation of funds in the form:
* Financial assets (financial assets) is a valuable piece of paper that have a market value because they have the right to earn an income, for example: stocks, certif ~ kat deposits, or bonds.
* Real assets (real property) that is real property: land, buildings, equipment.
b. Raising of funds (fund acquisition activity) that the activities necessary to obtain funding either from the company's internal resources and external sources, including also political dividends. Sumber dana pada perusahaan secara keseluruhan: Source of funds in the company as a whole:
c. Asset management (asset management activities) are obtained and after the funds allocated in the form of assets, assets must be managed as efficiently as possible.
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