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Describe the meaning and the objective of Financial Management. |
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Answer» Financial management is concerned with procurement and utilization of funds in a proper way. The primary objectives of financial management is to maximize owner’s wealth. Following are the important objectives of financial management: (a) To estimate accurately the amount of capital to be required. (b) To determine the form and proportionate amount of securities to be issued. (c) To raise funds at minimum cost and at most advantageous terms. (d) To maintain financial liquidity and flexibility. (e) To ensure the efficient administration of capital. |
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