Essentials of Corporate Finance (Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
Essentials of Corporate Finance (Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
9th Edition
ISBN: 9781259277214
Author: Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Bradford D Jordan Professor
Publisher: McGraw-Hill Education
Question
Book Icon
Chapter 1, Problem 1.5CTCR
Summary Introduction

To think critically about: The goal that must always motivate the financial manager’s action.

Introduction:

Financial management refers to the effective and efficient management of funds in such a way to achieve the goals of the organization. It is a specialized function, which is directly associated with the senior management.

Some of the senior management includes the Vice President and other Chief Financial Officer (CFO). However, the Vice President of finance manages the activities of the controller and the treasurer.

The financial management’s goal is to gain money. However, a few possible financial goals are survival, to avoid bankruptcy or distress, to minimize the profits and costs, to maximize the sales, and to maintain the stable growth in the earnings.

Blurred answer
Students have asked these similar questions
H5. Describe why a manager needs to understand the characteristics and importance of financial markets, including their liquidity, competitiveness, and efficiency.
What goal should always motivate the action of a firm's financial manager?
What exactly are the most important financial KPIs that inform business strategy?
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Entrepreneurial Finance
Finance
ISBN:9781337635653
Author:Leach
Publisher:Cengage