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functions of financial management
Goals are broad objectives are narrow. Goals are general intentions; objectives are precise. Goals are intangible; objectives are tangible. Goals are abstract; objectives are concrete. Goals can't be validated as is; objectives can be validated
Wealth maximization of financial management focuses on increasing fixed and current assets while value maximization focuses to strengthen intangible assets.
Management is the one who the acts of getting people together to accomplish desired goals and objectives efficiently and effectively and the organization is part of these people.
Financial management is there to ensure that the organization manages its finances. It also exist so that businesses can assess risks associated with money before making investments.
Management by objectives refers to giving employees goals and managing those goals instead of micromanaging them. If you manage the goals, then you are able to meet your performance objectives.
functions of financial management
simplify the jobs of middle management by providing them with predetermined goals and objectives.
anonymous
A goal is to accomplish the objectives. They are co-dependent.
Management objectives refer to setting goals. This is a process in which management and employees set objectives, understand, and agree on their role in meeting that objective.
Who sets the goals and objectives for the emergency managements response.
Because in order for an organization to operate in the most efficient and proficient way, all available resources must is chosen, organized and managed appropriately to accomplish the organizations goals and objectives. The resources include material, human, financial, and informational resources.
The deciding financial policy refers to the framework or set of principles that guide an organization's financial decision-making process. It typically includes guidelines on budgeting, investing, borrowing, and overall financial management to ensure the organization's financial stability and success. The policy is designed to align with the organization's goals and objectives while adhering to regulatory requirements and best practices in financial management.
Yes there is a distint difference in goals and objectives. Goals are broad objectives are narrow. Goals are general intentions; objectives are precise. Goals are intangible; objectives are tangible. Goals are abstract; objectives are concrete. Goals can't be validated as is; objectives can be validated
Managers must know how to coordinate people and other resources to achieve the organization's goals and objectives. The resources in total are, material, human, financial, and informational resources.
The objective of financial management is wealth maximization rather than profit maximization. Wealth maximization means the total value of the firm.