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.