Question

Define financial management explain its basic objectives

Answer 1

That management which always ensures that sufficient funds should available in the business.,so that whenever needs arises, it must be completed.. This management called financial management. Its main purpose is to raise the funds for running business. by using best source.


OBJECTIVE OF FINANCIAL MANAGEMENT ARE----

1// WEALTH MAXIMIZATION - - The main objective of every financial management is to maximise the wealth of the shareholders or workers work in the business. So that better results can achieve easily..

2) PROFIT MAXIMIZATION - - One of other main objective of financial management is to increase profits in the business. According to this, business should prefer only those things which increases the profits of the business and minimizes the risks.

3) Precorement of funds - - Another objective of financial management is to procure funds in the business so that whenever need arises it must be completed.

4) Minimizes risk - - Financial management also aims has to minimizes the risk in the business so that business run smooth in the future with sufficient funds..

5// Optimum utilization of funds-- Financial management uses the resources properly. so that as a result of this cost of production can reduce and profits may achieved...



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Answer 2

Answer:

, Objectives and Functions Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. It means applying general management principles to financial resources of the enterprise.