BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Financial Management aims at reducing the cost of funds procured, keeping the risk under control and achieving effective deployment of such funds. It also aims at ensuring availability of enough funds whenever required as well as avoiding idle finance.

Detailed explanation-2: -The primary aim of financial management is to maximise shareholders wealth, which is referred to as the wealth-maximisation concept. The market price of a companys shares is linked to the three basic financial decisions taken in financial management.

Detailed explanation-3: -Proper allocation of resources: Ensuring that the right resources are available to achieve desired objectives. Controlling costs: Keeping operational costs low to maximize profits. Efficient capital structure: Setting up an effective system to manage existing and future debt, equity, and other financial tools.

Detailed explanation-4: -Financial Management is a study of planning, designing, directing and managing the economic activities such as the utilization of capital and acquisition of the firm. To put it in other words, it is applying general management standards to the financial resources of the firm.

Detailed explanation-5: -Explanation: the ultimate goal of the business entity is to earn profits and increase the wealth of the shareholders because this is the main objective of businesses.