Anticipation: Financial management estimates the financial needs of the company. That is, it finds out how much finance is required by the company. Acquisition: It collects finance for the company from different sources. Allocation: It uses this collected finance to purchase fixed and current assets for the company. Assessment: It also controls all the financial activities of the company. Financial management is the most important functional area of management. All other functional areas such as production management, marketing management, personnel management, etc. depends on Financial management. Efficient financial management is required for survival, growth and success of the company or firm. Theterm‗financialanalysisalsoknownasanalysisandinterpretationoffinancialstatements'referstotheprocessofd eterminingfinancialstrengthandweaknessesofthefirmbyestablishing strategic relationship between the items of the balance sheet , profit and loss account and other operative data.