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  • Assignment 1

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    Aleena Liaqat
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    Financial management involves planning, organizing, directing and controlling financial activities such as budgeting, investment and funding decisions. It aims to manage liquidity, profitability and growth through objectives like profit maximization, risk management and wealth maximization. Financial management operates at both a tactical level focused on short-term goals and a strategic level focused on long-term planning and decision making.

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    Financial management involves planning, organizing, directing and controlling financial activities such as budgeting, investment and funding decisions. It aims to manage liquidity, profitability and growth through objectives like profit maximization, risk management and wealth maximization. Financial management operates at both a tactical level focused on short-term goals and a strategic level focused on long-term planning and decision making.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    7 views1 page

    Assignment 1

    Uploaded by

    Aleena Liaqat
    Financial management involves planning, organizing, directing and controlling financial activities such as budgeting, investment and funding decisions. It aims to manage liquidity, profitability and growth through objectives like profit maximization, risk management and wealth maximization. Financial management operates at both a tactical level focused on short-term goals and a strategic level focused on long-term planning and decision making.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Assignment

    Article no.1
    Financial Management Explained: Scope, Objectives, and
    Importance

    Q1. What is financial management?


    Q2. Explain the 3 types of financial management?
    Q3. What is the difference between tactical and strategic level of
    financial management?
    Q4. Explain the 5 objectives of financial management.
    Q5. (a). Explain the concept of budgeting.
    (b). What is the difference between static and flexible
    budgeting?
    Q6. Explain the 4 types of risks that will affect the financial
    performance of the company?
    Q7. What are the 5 ways to improve your accounts receivable
    turnover ratio?

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