International Journal of Innovative Research in Engineering & Multidisciplinary Physical Sciences
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Financial Management In Small Scale Industries – An Overview

Authors: D. Sanjuna

DOI: https://doi.org/10.17605/OSF.IO/JVDZ3

Short DOI: https://doi.org/ggngsw

Country: India

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Abstract: Finance plays a significant role in the operations of any purposive organization. Proper planning and control of business finance leads to the efficient utilization of resources. Financial decisions also alter the size and variability of the earnings stream or profitability. The value of the firm is determined by financial policy decisions, such as risk and profitability. Effect financial management is basic to the survival and accomplishment of each business endeavors. Tragically, numerous MSME proprietors have moderately restricted introduction to financial management and have been uninformed of how deliberately significant it is to their business execution. The financial management function is not a standardized operation. The functions vary from firm to firm depending upon the size of the company, nature of industry and tradition. Countries over the globe don't utilize a similar definition for grouping their Small and Medium Enterprise (SME) area nor completes an all inclusive definition give off an impression of being vital. In India, the area has been by and large alluded to as the Micro, Small and Medium Enterprises. It assumes an essential job in the by and large mechanical development of the nation. Lately the MSME segment has reliably enlisted higher development rate contrasted with the general development pace of the mechanical division. The real preferred position of the area has been its business potential at low capital expense.

Keywords: Capital, Development, decision, Investment, management


Paper Id: 596

Published On: 2019-08-12

Published In: Volume 7, Issue 4, July-August 2019

Cite This: Financial Management In Small Scale Industries – An Overview - D. Sanjuna - IJIRMPS Volume 7, Issue 4, July-August 2019. DOI 10.17605/OSF.IO/JVDZ3

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