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Financial management essential content

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Reference no: EM132949185

Unit 15 - Financial Management Essential Content

LO2 Analyze financial management principles which are used to support effective financial strategies

Setting objectives to achieve financial goals:

Setting short, medium and long term goals and how these help to determine which aspect of financial data is used to create objectives.

Ethical financial management:

Why an organization should conduct its financial activities in an ethical way. This requirement extends to making ethical decisions.

Maximizing shareholder wealth:

Shareholders expect a return on investment, a key strategic goal of any financial plan.

Delivering sustainable long term growth:

Use financial data to inform decisions that will lead to, and support, sustainable long-term growth.

Question:

P2 Analyze the key financial management principles required by organizations to achieve effective financial strategies for long term financial sustainability.

Reference no: EM132949185

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