Objectives of finance

Objectives of finance

1. Profit Maximization

The main objective of every business is to maximize profits. Profit is used to measure the performance of a Business and its economic activities.

• profit maximization is the traditional approach of finance management

2. Wealth maximization

This involves the innovations and improvements in thy business operations in order to expand its activities and stocks. The term wealth means the shareholders' equity

Functions of finance manager.

Financial management roles is the most important part in every business organization. This comprises the control and management of permanent (fixed resources) e.g: machines, equipments and furnitures. And continuous management of current/ working capital of the business.

The following are duties of finance manager

1. Forecasting financial requirements
2. Acquiring necessary capital
3. Cash management
4. Investment decision

Fundraising

This is the activity in acquiring/raising fund for the business

Crowdraising

This is the unnecessary raising of funds from different sectors, without making a wise decision