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Financial Management - Assignment

   

Added on  2021-01-01

6 Pages1282 Words377 Views
Financial Management

Table of ContentsINTRODUCTION ..........................................................................................................................1TASK1.............................................................................................................................................11 Role of management in Meeting stakeholders objective.........................................................12. Defining different macroeconomic policies. ..........................................................................2CONCLUSION ...............................................................................................................................3REFERENCES ...............................................................................................................................4

INTRODUCTION Financial management is refer to the process of organising, directing, controlling andplanning about the activities that are related to finance in an organisation (financial management,2012). In general, these activities are helpful in proper utilization of funds and is also related toraising of fund, capital budgeting, distribution of profit, financial control within company.In this project report, the importance of management in stakeholders meeting is discussedand agency theory that help in attaining of business goal. The report also show the the role offiscal, monetary, interest rate exchange rate policies for achievement of goal.TASK11 Role of management in Meeting stakeholders objective.Stakeholders meeting is the best way to them informed about the important topic relatedto the business. It is necessary to involve stakeholder in decision making process through regularmeeting that help them to know about the financial position of company. So, to carry theseeffective meeting proper financial management is required so that objective can be achieved.There are different goal that have to be attain thus, required proper understanding that aredescribed below:Wealth Maximisation: It is defined as, modern technique of financial management, thathelp in maximisation of profit which is used to be the main objective for any businessfirm. This also create a advantage for shareholders as more profit more dividend. Somanager try to increase amount of divided that make them satisfy. Sustainability of business: It is related to the survival of company for long time bymaking best financial decision to achieve the long term financial sustainability. Sostakeholder are more attracted toward a company that has sustainability in their businessoperation. In any wrong decision is taken it may affect the functioning of business. Importance of Agency Theory: This theory is related to series of agreement that suggestthe organisation could be viewed among different resources holder. It is a bounding that ariseswhen an individual or more member have to perform service function and designate decisionresponsibilities to the different parties (Higgins, 2012). The premier agency has relation inbusiness that are affiliated with stockholders and managers. This has sure deduction which isassociated with corporate governance and business ethics. There are various ways through1

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