Table of contents
- What is financial management?
- Scope of financial management
In the past decade or so, India has seen a surge in private companies that are doing extremely well financially. Moreover, with an increase in cashflow, the expenses of the companies have also gone up in the charts. Such a high rate of business was never seen in India before and the sole reason for this growth is technology that we have either created or have adopted from other countries. Further, the number of start-ups that have emerged in the last decade are unprecedented. Therefore, our economy is growing even when countries like U.K. and Canada are in recession.
We have maintained our status and have even raised 180 million people out of poverty with the help of these businesses and private players. Today, as I am writing this article, I feel proud to be in this country because of everything it is achieving. Just a few days ago, we became the first nation to land on the darker side of the moon. This shows how our youth and the older generation have joined hands in making this country the crown of the world again.
With all these businesses growing and all of this cash and online money floating from one place to another, we must take care of the financial management of ourselves and the entire nation. Today we will find out what financial management is and what is the scope of financial management. So, let us start without wasting any time.
What is financial management?
Financial management refers to the process of strategizing one’s finances keeping in mind all the expenses, taxes and other transactions etc. It can be done either for an individual or for a whole company. It is a highly explored field wherein we have seen many people getting amazing results like having a lot of their money saved or some businesses showing a large growth curve in their annual analysis. Let’s find out what is the scope of financial management in India.
Scope of financial management in India:
India is now the world’s largest democracy with the largest population on the Earth. This mean that we also have the largest number of consumers in the market. Now, as we know, the market runs on one simple rule, Demand and Supply!
If we go by that rule, then we will see a steep rise in the demands of people and a same steep rise in factories and industries to match the supply for that increased demand. Because of this, the businesses in India are showing great results using financial management. Businesses can achieve greater success in India as they have a market full of consumers and it is up to the business community what they want to offer to the public. This is how important financial management has become in the capitalistic world.
In conclusion, we can say that the more money people are going to earn, the more they would require people for financial management. Therefore, if you want to get into this field, we at CBitss have created the perfect Financial Management training in Chandigarh for you.
Q. Do I need a degree for financial management course?
No, this is a certification course and a UG degree is not required.
- Do I need to learn account for this course?
No, all the information required for financial management will be given to you by our amazing staff.
- What is the duration of the course?
The course is about 2-3 months in duration.
- Is this course available online?
No, this course is currently not available online.
- When can I join the course?
There are multiple batches for the course as well as you can join any time you prefer.