Financial management is concerned with the maintenance and creation of economic value or wealth/responsibilities and activities of financial managers.
Responsibilities of financial managers: acquiring funds needed by a firm and for directing those funds into projects that will maximize the value of the firm for its owners.
The financial objectives of the main types of organization:
Organizational goals can be classified into a number of categories:
Responsibilities of financial managers: acquiring funds needed by a firm and for directing those funds into projects that will maximize the value of the firm for its owners.
The financial objectives of the main types of organization:
Organizational goals can be classified into a number of categories:
- Those that aim to make a profit for their owners
- Those that aim to maximize benefit to society
- Those that aim to maximize benefits to their members
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