Task 1. Read the article and fill the gaps as you can. Financial management refers to the process of _______ planning, controlling, monitoring or directing of financial resources in an organization. This is done with the aim of achieving an organization’s ________ goals and objective.
In financial management, some management principles are applied to profits, expense, cash and also credit. Any organization with a good financial management has a maximized value.
The importance of financial management in an organization cannot be overemphasized because there is no efficient ________ without proper management of finance or efficient corporate finance. This management includes acquisition, allocation and management of finance in a business. With finance being the lifeblood business its management is not left out.
_______ business or firm needs management in their finance for various activities. For instance, Loan approval, employee recruit, credit ratings, cash flow management etc. All these above ________activities lead to the categorization of financial management into 3 primary types. However, these types of financial management work towards achieving a common goal.
Finance includes three areas
(1) Financial management: corporate finance, which deals with decisions related to how much and what types of assets a firm needs to ________, how a firm should raise capital to purchase assets, and how a firm should do to maximize its shareholders wealth - the focus of this class
(2) Capital markets: study of financial markets and institutions, which deals with interest rates, stocks, bonds, government securities, and other marketable securities. It also covers Federal Reserve System and its policies.
(3) Investments: study of security analysis, portfolio theory, market analysis, and behavioral finance.
Task 2. Make a 12-word vocabulary list using with translation and usage in a sentence in financial management.
Examle: manager – savdo agenti, menejer. Succesful manager knows how to delegate the right tasks to the right people.
