Roles and Objectives of Financial Management
Financial Management: Roles and Objectives
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|1. Planning |Identify and Manage Risks |
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|2. Organizing |Adequate supply of funds |
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|3. Directing |Adequate returns to shareholders |
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|4. Controlling Financial |Optimum fund Utilization |
|Activities | |
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|5. Procurement of funds |Safe Investments |
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|6. Utilizing of funds |Plan Capital structure |
Financial Management: Roles and Objectives Financial Management means planning, organizing, directing, and controlling the finance as procurement and utilization of funds of the enterprise. It means applying general management principles to financial resources of the enterprise. Financial management plays a critical role of contributing to the enterprise’s achievement of its goals of reducing its costs and improving its financial position. This role has a dual purpose: first is to determine the strategic
| | |
|1. Planning |Identify and Manage Risks |
| | |
|2. Organizing |Adequate supply of funds |
| | |
|3. Directing |Adequate returns to shareholders |
| | |
|4. Controlling Financial |Optimum fund Utilization |
|Activities | |
| | |
|5. Procurement of funds |Safe Investments |
| | |
|6. Utilizing of funds |Plan Capital structure |
Financial Management: Roles and Objectives Financial Management means planning, organizing, directing, and controlling the finance as procurement and utilization of funds of the enterprise. It means applying general management principles to financial resources of the enterprise. Financial management plays a critical role of contributing to the enterprise’s achievement of its goals of reducing its costs and improving its financial position. This role has a dual purpose: first is to determine the strategic
References: Moyer, R. C., McGuigan, J. R., Rao, R. P., & Kretlow, W. J. (2012). Contemporary Financial Management (12th ed.). Cincinnati, OH: South-Western. ----------------------- FINANCIAL MANAGEMENT ROLES OBJECTIVES