Financial Management can be defined as the area or function in an organization that deals with profitability, expenses, cash and credit, so that “the organization has the means to fulfill its objective as satisfactorily as possible;”. Financial Management (FM) are specialized professionals who report directly to senior management, often the Financial Director (FD); The function is seen as ‘staff’. Financial management is usually related to short-term working capital management, focusing on current assets and current liabilities, and often managing fluctuations in foreign exchange and product cycles. Let us know about financial management books in Hindi.

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What is Financial Management?

The most important thing in financial management is to take care of everything related to the management of finance to its accumulation and utilization. In this, the person managing the management has to plan all those things which are related to finance. Forecasting an expense and planning the use of finance in the future is called financial management.

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importance of financial management

The importance of financial management are given below:

• Financial planning for the organization.
• To handle the inward and incoming money in the organization properly and use it for the benefit of the organization in the right way.
• To assist in making important management decisions of the organization.
• Helps the organization to improve its profitability.
• It helps in increasing the overall value of the organization.
• To make the organization financially stable.

The financial report of any organization is dependent on how that organization takes its management decisions. Any organization has to take some issues of its management seriously, keeping that issue in mind, it has been given different types.

Know how many types of financial courses are there

You can do financial management courses after passing your 10+2 class. If you do not want to spend a lot of your time doing undergraduate courses, then you can do diploma courses. However, if you want to get coir studies then taking Ed mission in undergraduate course will prove to be a very good decision for you. The details of different types of courses in the field of Financial Management are being given below for your convenience:

• Diploma Courses: Students can do diploma course immediately after passing 10+2 class. The duration of this course is 1 year.
• Undergraduate courses: The duration of the undergraduate course in Financial Management is 3 years. Undergraduate course in Financial Management is known as BB degree.
• Postgraduate Courses: The duration of the postgraduate course in Financial Management is 2 years. This degree is usually referred to as an MA/MA in Financial Management.MBA named after the degree.
• Doctoral Courses: You can do Doctoral Course in Financial Management i.e. Doctorate of Philosophy (Post Graduation) in any relevant disciplinePhD) degree. The duration of the doctoral course is 3-4 years.

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financial management book list

The following is a list of subject wise books in Financial Management:

• financial management
• financial planning
• capitalization
• capital budgeting
• cost of capital
• leverage analysis
• Capital Structure or Structure (Intent and Plan)
• Capital Structure (Principles and Determinants)
• dividend policy
• management of working capital
• Working Cash Management (including management of bills due)
• Meaning of Capital Management (Including Factoring)
• receivables management
• stock management

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Qualification for Financial Management

The eligibility for financial management books in Hindi is given below-

Diploma Level

• You can do Diploma course in Financial Management after passing 10+2 class.
• This diploma level course covers basic details about financial markets, corporate financiers and the fixes and working capital required to do business.

undergraduate level

• In Undergraduate level course also you can take Ed mission after passing your 10+2 class in any subject.
• Generally, students who have passed class 12th with corns are given preference in admission.
• English language test for studying abroad like IELTS, TOEFL Points are required.

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Best Books for Financial Management

Below are the names of the books to prepare for Financial Management Books in Hindi:

financial management books for MBA

Along with knowing Financial Management Books in Hindi, the list of Financial Management for MBA is as follows:

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Some of the Top Brands for Financier Managers

There are many opportunities for the career in Financial Management and for the candidates specializing in the domain of financiers. Be it a firm or a company or be it banks, government departments and agencies, education institutions etc. Devotees all the institutions have immense options for the professional associated with the financier domain. So here is a list of the most prominent Indian brands in Financial Shield as per the ranking given by ‘brandfinance.com’. You can choose the best brand for yourself from this list.

• State Bank Of India
• LIC
• ICICI Bank
• HDFC bank
• Kotak Mahindra Bank
• IDBI Bank
• camera bank
• Union Bank of India
• Indian Overseas Bank
• Central Bank Of India
• FBI Capital Markets Limited
• Bajaj Capital Limited
• DSP Merrill Lynch Ltd.
• L&T Financiers Ltd.
• Karvy Group

Planning for Financial Management

According to a recent report about business management, startups do not follow their strategy. Planning plays an important role in financial management. Therefore, according to the rules, not only review the financial strategy in your business, but try to know what kind of planning is needed, which is affecting your financial graph. And is that planning enough or does it need to be changed to achieve your goal?

entrance exams

Whether it is a polytechnic institute or a professional institute, a student always has to clear the entrance exam to pursue a professional degree course from any institute and take an ad mission in his preferred institute. Here is a list of all the entrance exams to help you take your ed mission in any financial management course:

Diploma Level

For taking Ed mission in diploma courses, you can supply in state level polytechnics as these polytechnics conduct entrance exam in each state to produce industry-lady professionals.

undergraduate level

• DU JAT
• IPMAT
• NPAT
• Symbiosis Entrance Test (ST)
• AIMA UGAT
• GGSIPU CET BBA

postgraduate level

• CAT
• AIMA-MAT
• XAT
• IIFT
• SNAP
• NMAT by GMAC
• CMAT
• IBSAT
• MICAT
• MAH – MBA / MMS CET

doctoral level

• Research Management Aptitude Test (R-Chat)
• Symbiosis University PhD Entrance Exam
• UGC NET
• XIMB-RAT (Research Aptitude Test)
• I IIT Delhi PhD Ed Mission Test
• Faculty of Management Studies (SMS), Delhi University PhD Entrance Test
• Aligarh Muslim University PhD Entrance Exam
• Indira Gandhi National Open University (IGNOU) Entrance Exam

FAQs

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