Finance is the lifeblood of business, and economics studies commercial activities and transactions.
Financial management focuses on the use of financial management techniques in decision-making. Economics for finance is a specific area that provides an understanding of relevant Macroeconomic concepts/principles in the current Indian / International economy. Being a CA professional, it is important to understand how various decisions are taken such as source of finance, capital budgeting tactics, etc.
Also, if you are providing consultancy or other services such as auditing, taxation, etc.
knowing its impact on the overall functioning of finance in the business would add great value to clients’ organizations.
Also, Financial management in intermediate is a strong base for FM ECO CA Inter Classes helps in realizing the business space in a broader view.