Overview of the objectives of strategic financial management

What is financial management?
‘That part of management accounting concerned with setting financial objectives, planning and acquiring the optimum finance to meet them, and seeing that fixed and working capital are effectively managed.' (CIMA).
Two fundamental questions:
1. What investments should a firm make?
• Long term investments are referred to as ‘capital investment projects'
• e.g. build a new supermarket or factory.
2. How should the firm pay for those investments?
• Sources of finance, i.e. where should the money come from?
o e.g. Should the supermarket or factory be financed by borrowing money from the bank?
Diagrammatic overview of a public limited company


Stakeholder:
A party with an interest in an organisation (Arnold, p.7)

Learning activity:
1) Who are the main stakeholders in Tesco plc?

2) Who are the most important ones and why?

The primary objective of strategic......

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Title: Strategic Financial Management
Approximate Word Count: 1768
Approximate Pages: 8 (250 words per double-spaced page)

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