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About Financial Management - Notes
Financial management involves acquiring, financing, and managing assets to achieve business goals. It includes investment, financing, and dividend decisions. The document outlines the scope and objectives of financial management. It discusses the traditional and modern approaches. The key objectives are profit maximization and shareholder wealth maximization, though profit maximization has limitations like ignoring risk and being short-term focused. Wealth maximization considers long-run growth and cash flows but is criticized for being prescriptive rather than descriptive of actual firm behavior.
Detailed Information
| Author: | ['dollygupta'] |
|---|---|
| Publication Year: | 2020 |
| Pages: | 39 |
| Language: | English |
| Format: | |
| Price: | FREE |
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