What are the Objectives or goals of Financial Management?
Objectives of Financial Management: - It is the responsibility of the top management to lay down the objectives or goals which are to be achieved by the business.
The major objectives are:
1. Profit Maximization: - According to this schema all activities which increase profits must be undertaken and which decrease profits should be avoided. Profit maximization entail that the financial decision making must be guided by only one test which is select those assets projects and decisions which are profitable and reject those which aren't.