What is meant by 'Financial Management'? State the primary objective of Financial Management.
What is meant by 'Financial Management'? State the primary objective of Financial Management.
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Financial Management refers to that part of managerial activity which is concerned with procurement and utilization of funds for business purposes. In other words, it deals with proper management of funds.
The primary and most important objective of financial management is to maximise wealth of equity shareholders, which means maximising the market price of equity shares.
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