The management of financial resources is called financial management. It guides how to find and use the best investment and financing opportunities in the continuously changing and complex environments. Financial Management is actually a basic skill that consists of certain concepts and techniques that are useful not only for business life, but also in our personal life. So it is a righteous statement that “money makes the world go round”. Finance is actually the life blood of an organization, and mismanagement in finance may easily lead to bankruptcy.