answersLogoWhite

0

The objective of financial management is wealth maximization rather than profit maximization. Wealth maximization means the total value of the firm.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

Functions and objectives of international financial management?

functions of financial management


What is the Objectives of Micro Finance?

it is to provide basic financial services such as loans savings and insurance to underprevilege people


What are the objectives of finance?

it is purpose is to provide basic financial services such as loan savings and insirance to underprevileged people


What are the objectives of micro financing?

it is purpose is to provide basic financial services such as loan savings and insirance to underprevileged people


Explain wealth maximization and value maximization objectives of financial management?

Wealth maximization of financial management focuses on increasing fixed and current assets while value maximization focuses to strengthen intangible assets.


Objectives of management reporting?

objectives or purpose of management reporting


Difference between strategic financial management and financial management?

The difference between strategic financial management and financial management lies in their focus and scope. Financial management primarily involves managing an organization's day-to-day finances, such as budgeting, accounting, and cash flow management. Strategic financial management, on the other hand, focuses on long-term financial planning aligned with the organization’s goals and objectives. It involves making decisions that not only improve current financial performance but also ensure the organization's future financial stability and growth. For expert insights on strategic management concepts, visit PMTrainingSchool .Com (PM training).


What body has defined the purpose of financial accounting and reporting?

The basic foundation of governmental financial accounting and reporting in the United States was established by the Governmental Accounting Standards Boards (GASB) in its "Objectives of Financial Reporting,"


What is Basic concept of business studies?

the study of how businesses work, especially the financial and management aspects


How does cost accounting relates to management accounting and financial accounting?

cost accounting provides the basic information for both management and financial accounting.The similarities between government accounting and financial accounting is that both involves the balance of accounts.


Narrate the objectives and elements of productions and operations management?

define the operational Management and objectives and importance of operational Management ?


What are the Objectives of Wealth management Portugal?

Wealth management in Portugal focuses on helping individuals and families grow, protect, and manage their assets effectively. Key objectives include personalized financial planning, investment management, tax optimization, and estate planning. Wealth management services in Portugal aim to secure long-term financial stability, maximize returns, and ensure a smooth transfer of wealth across generations. Partnering with expert advisors ensures that your wealth aligns with your financial goals and legacy plans.