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What is the goal if IT Financial Management?

Updated: 9/21/2023
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Anandvijayakumar

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12y ago

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The goal of IT Financial Management is to ensure that optimal use is made of the organization's financial resources and that this is achieved in compliance with the regulatory framework within which the IT service provider operates.

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Q: What is the goal if IT Financial Management?
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Continue Learning about Finance

What is the goal of financial management?

To Maximize shareholder wealth.


Why is the goal of financial management to maximize the current share price of the company's stock instead of maximizing the future share price?

The question is misleading. In fact the goal of financial management is to maximize future share prices. Current share prices are a reflection of past financial decisions. David


Explain why judging the efficiency of financial decision requires the existence of a goal?

The goal of the firm is wealth maximization so efficient financial management requires the existence of goal or objective. The goal of the firm is earning market per share but we can know about best company by finding it's market share price. It is a reflection of the firm's investment, financing, and asset management decisions.


What is the difference between business finance and financial management?

Finance is the management of money and financial management shows the management of financial activities properly to achieve firm's goal ( wealth maximization). Actually financial management shows the techniques and strategies to determine the need of the fund, to identify the possible and plausible sources of fund, to collect the necessary fund from the identified sources and to invest the collected fund in different profitable sectors by maintaining the principles of finance to achieve the goal of the business firm. Afroza Parvin Sr. Lecturer, NUB


How might the primary goal of financial management be applied to a non-profit organization?

The primary goal of financial management is to increase the market value of the owners equity . for non profit organization this goal would need modified . one suggestion would be to maximize the value of the service rendered to society given the resources available to the organization

Related questions

What goal should always motivate action of a firm financial management?

The goal that should always motivate the action of a firm's financial manager is the uninterrupted financial health of the company.


What is the goal of financial management?

To Maximize shareholder wealth.


Why is the goal of financial management to maximize the current share price of the company's stock instead of maximizing the future share price?

The question is misleading. In fact the goal of financial management is to maximize future share prices. Current share prices are a reflection of past financial decisions. David


Explain why judging the efficiency of financial decision requires the existence of a goal?

The goal of the firm is wealth maximization so efficient financial management requires the existence of goal or objective. The goal of the firm is earning market per share but we can know about best company by finding it's market share price. It is a reflection of the firm's investment, financing, and asset management decisions.


What is the difference between business finance and financial management?

Finance is the management of money and financial management shows the management of financial activities properly to achieve firm's goal ( wealth maximization). Actually financial management shows the techniques and strategies to determine the need of the fund, to identify the possible and plausible sources of fund, to collect the necessary fund from the identified sources and to invest the collected fund in different profitable sectors by maintaining the principles of finance to achieve the goal of the business firm. Afroza Parvin Sr. Lecturer, NUB


How might the primary goal of financial management be applied to a non-profit organization?

The primary goal of financial management is to increase the market value of the owners equity . for non profit organization this goal would need modified . one suggestion would be to maximize the value of the service rendered to society given the resources available to the organization


The objective of Management is to maximize profits?

It is a true statement that the objective, or goal, of management is to maximize profits. Another term for profit would be financial gain.


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What is corporate financial management?

Corporate financial management refers to the discipline and strategies used by companies to manage their financial resources and make informed decisions about investments, expenses, and financing. It involves a wide range of activities, including financial planning, budgeting, cash flow management, risk assessment, and capital structure management. The goal of corporate financial management is to maximize shareholder value and ensure the long-term financial stability and success of the company.


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