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The primary objective of financial management is to maximize the value of an organization for its shareholders while ensuring financial sustainability. This involves making strategic decisions regarding investment, financing, and dividend policies to optimize the allocation of resources. Additionally, financial management aims to manage risks and enhance the overall financial health of the organization. Ultimately, it seeks to balance profitability with long-term growth and stability.
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What are the objective of financial management . Which objective is most important and why?
To achieve the main object of the company at minimum cost.
What is the difference between financial objectives and strategic objectives?
Any objective that is market based is strategic objective. Any objective that can be derived from financial statements is financial objective.
What are the three primary responsibilities of the finance manager?
The three primary responsibilities of a finance manager are financial planning, investment management, and risk management. Financial planning involves creating budgets and forecasts to guide the organization’s financial strategy. Investment management focuses on optimizing the company’s portfolio and making strategic decisions on asset allocation. Finally, risk management entails identifying, analyzing, and mitigating financial risks to ensure the organization's stability and growth.
What is the primary method by which a financial advisor earns income?
A financial advisor primarily earns income through fees charged for their services, such as financial planning, investment management, and other financial advice.
What is the main objective of financial planning?
The main objective of financial planning is to help individuals and organizations achieve their financial goals through effective management of their resources. This involves assessing current financial situations, identifying future needs, and developing strategies to allocate resources efficiently. Ultimately, it aims to enhance financial stability, ensure preparedness for emergencies, and facilitate long-term wealth growth.
What is primary objective of cost management?
explain the primary objectives of cost management ?
What is the primary objective of financial accounting?
its primary objective is to provide external reports called financial statements to help users analyze an organization's activities.
What is the primary objective of business management?
Maximizing profits.
What are the objective of financial management . Which objective is most important and why?
To achieve the main object of the company at minimum cost.
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.
Objective of financial management?
Financial management is a discipline that allows manages and others to be more in control of their finances. They get to learn how to invest and make profits.
The primary objective of financial accounting is?
increases in equity from a company's earning activities are
What are the basic objectives of financial management?
The objective of financial management is wealth maximization rather than profit maximization. Wealth maximization means the total value of the firm.
What is the primary objective of the systems acquisition management process?
Provide measurable improvements in mission capabilities.
What is a primary objective of the Systems Acquisition Management process?
Provide measurable improvements in mission capabilities.
What is the primary objective of such a system?
The primary objective of such a system is to streamline operations, increase efficiency, and improve productivity by automating tasks and processes. It aims to provide a centralized platform for data management, collaboration, and decision-making.
What is the responsibility of independent auditors?
The primary objective of independent auditors are rendering opinion report on the financial statement that is the responsibility of client management. The main reason auditors need to be independent are to provide credentional for the client prepared financial statements. Therefore, the users (Bankers, Investers and third party) of the financial statement can have unbiased information about the client financial Statements.
