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.

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Chapter 1, Problem 6CRCT

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.

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