Business Yr 12 Semester 2

Question 1

Identify four roles of financial management

Answer 1

1. setting financial objectives and ensuring the business
   is able to achieve these goals
2. sourcing finance and maintain sufficient cash flow
3. preparing budgets and forecasting future finances
4. preparing financial statements

Question 2

Distinguish short-term and long-term financial objectives and their potential conflicts

Question 3

Describe five objectives of financial management