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Discuss the role of finance in business. What is the purpose of financial management?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 4EA: Discuss what information would be most useful for these users of accounting information: Management...

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Discuss the role of finance in business. What is the purpose of financial management?

Describe the kinds of activities that financial management involves.

What kind of tools do financial managers leverage to access and/or monitor the health and performance of a business?

Approach to decide on the efficient procurement and investment of funds for the day-to-day operations of a business. Financial management aims at profit maximization, and it includes financing and capital budgeting.

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