BUSN 11 Introduction to Business Student Edition
BUSN 11 Introduction to Business Student Edition
11th Edition
ISBN: 9781337407137
Author: Kelly
Publisher: Cengage Learning
Question
Chapter 9, Problem 1LO
Summary Introduction

To discuss: The goal of financial management and the issues the financial managers confront as they seek to achieve this goal.

Expert Solution & Answer
Check Mark

Explanation of Solution

Following are the goals of financial management:

  • Profit maximization goal: It encourages the action which increases the profit and avoids the actions which decrease the profit.
  • Value maximization goal: This goal considers that managers should go for decisions that increases or maximizes the firms value.

Following are the issues for the financial managers to achieve financial management goals:

  • Accurate record-keeping
  • Timely financial reporting
  • Raising of fund
  • Financial analysis
  • Regulatory compliances

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