Objectives of Financial management

They can be classified into two heads.

1. Basic Objectives 2. Other Objectives

   Basic Objectives:
  Traditionally they areMaintenance of liquid assets 

   Maximization of profitability of the firm 

   Shareholders wealth maximization rather than profit maximization.

Maintenance of liquid assets:FM aims at maintenance of adequate liquid assets with the firm. The finance manager has to maintain a balance between liquidity and profitability.

Maximization of Profit: 

Wealth Maximization: 

Other Objectives:

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