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Overseas Pakistan Services

Getting Finance

Financial management

can be defined as the management of finances of an enterprise, in order to achieve the financial objectives of the organization. Financial objective of an enterprise can be defined as: 1. Earning maximum profit. 2. Increase in the wealth of owners, partners and shareholders. 3. Proper availability of cash funds. 4. Proper utilization of available resources etc. In broad terms there are two aspects of financial management, that are:

Financial planning

Financial planning to devise a plan to achieve the above stated objectives for short, medium and long-term periods. For instance in short term there might be a payment to be made to the supplier for purchase of stock, where as in medium and long term a need may arise to acquire a fixed asset for replacement of old asset etc.

Financial control

The aspect of financial control implies to ensure that fund raised for business are being utilized effectively and for the purpose for which they were taken. For this purpose, there will be a constant need of monitoring the activities being undertaken by comparing them with planned or forecasted activities. This is done in order to identify and control any deviation on timely basis.


HOW TO OBTAIN FINANCE?

First Women Bank
SME BANK
EXPORT FINANCE SCHEME

 
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