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Resource

Extensive Detailed Notes for Finance

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Grade: HSC
Subject: Business Studies
Resource type: Notes
Written by: N/A
Year uploaded: 2021
Page length: 15
 

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Resource Description

ROLE OF FINANCIAL MANAGEMENT

1.1 strategic role of financial management

STRATEGIC (LONG-TERM) ROLE: TO PLAN AND MONITOR BUSINESS FINANCE TO ACHIEVE FINANCIAL OBJECTIVES.

Financial goals include:

  •  Increasing market share and profits
  • Preparing budgets and forecasts for the future
  • Preparing financial statements (balance sheet, cash flow and income statements)
  • Maintaining cash flow

 

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