Question

In corporate financial strategy and decision making which concept is called the real key to creating wealth

Answer 1

Answer:

A financing strategy is integral to an organisation's strategic plan. It sets out how the organisation plans to finance its overall operations to meet its objectives now and in the future. A financing strategy summarises targets, and the actions to be taken over a three to five year period to achieve the targets.

Answer 2

Financial management itself involves understanding and properly controlling, allocating, and obtaining a company's assets and liabilities; including monitoring operational financing items like expenditures, revenues, accounts receivable and payable, cash flow, and profitability