scope of financial managementthe approach to
Scope of Financial Management
The approach to scope and functions of financial management is divided, forpurposes of exposition, into two broad categories:
(a) Traditional Approach, and
(b) Modern Approach.
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discuss the process of maximise profitslets first look at profit maximisation profit also known as net income or earnings canbe defined as
what to do to maximise profits of the companyif you want to maximise profits there are only two methods to do it either you decrease your expenses
determine the objectives of profit maximisation profit maximisation remains one of the key objectives for the managers of the companysince many
goal of shareholders wealth maximisationshareholders wealth maximisation goal gives us the best results since effectsof all the decisions taken by
scope of financial managementthe approach to scope and functions of financial management is divided forpurposes of exposition into two broad
traditional approach of financial managementtraditional approach to the scope of financial management refers to its subject matter in academic
define the meaning of procurement term procurement was used in a broad sense so as to include the whole gamut of raising funds
enumerate the field of study dealing with financethe field of study dealing with finance was treated as encompassing three interrelated aspects of
why firms need funds at certain episodic eventsa related aspect was that firms need funds at certain episodic events like merger reorganization
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