Decisions taken in every functional area of a firm has financial implications . Therfore , every major decision must be judged from the perspective if fianancial management to aviod sure failure of the business . Financial management important mainly because it helps to make decisions that are consitent to the maximization of value of the firm to its owners . The importance of financial managemnt to firm can be presented as below.
Helps setting clear goal
felps efficient utilization of resources
helps deciding sources of financing
Helps making dividend decision
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