What are the main objectives of financial management? Briefly explain.
The main objectives of financial management are:
(i) Effective utilisation of funds, by ensuring that benefits of an investment exceeds its cost.
(ii) To raise funds at minimum, cost and minimum risk, through effective financing decision.
(iii) To ensure safety of funds by creating reserves, reinvesting profits etc.
(iv) To maintain financial liquidity and profitability through working capital decision.