3 Answers
Financial management is the process of planning, controlling, and managing financial resources.
The objectives of financial management are to:
- Maximize profit
- Financial planning
- Managing cash flows and liquidity
- Minimize risks
- Protect companies from external threats such as market fluctuations and competition.
The objectives of financial management are to be able to make a profit, to have enough money for the future and to have the ability to invest.
These objectives are achieved through three main strategies: managing cash flow, managing investments and managing risks and to grow the net worth of an individual, protect the assets of an individual, and maintain liquidity.
Financial management is an important, but often neglected, skill for entrepreneurs. It helps them to establish a personal budget and make the most of their money.
The objectives of financial management are to:
1) Manage your personal finances
2) Manage your business finances
3) Manage your tax affairs
4) Protect assets and wealth
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