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Introduction to financial objectives;
Financial aims: The broad, general goals
of the finance and accounting function or
department within an organisation.
Financial objectives: The specific, focused
targets of the finance and accounting
department within an organisation.
Financial strategies: long term or medium
term plans, devised at senior management
level, and designed to achieve the firms
financial objectives.…read more

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Cash flow
Maintaining a minimum closing monthly
cash balance . Reducing the bank
overdraft by a certain sum by the end of
the year.
Creating a more spread of sales revenue
Spreading costs more evenly
Achieving a certain level of liquid, non
cash items
Raising certain levels of cash at a
particular point in time
Setting contingency funds…read more

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Cost minimisation
A business that reduces its costs can
benefit in two ways ; keeping the price the
same therefore having a higher profit
margin, or reducing the selling price to
attract more customers.
Reducing wage costs
Lowering levels of wastage
Relocating the business
Reducing variable costs per unit…read more

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ROCE targets
The success of a business is invariably
demonstrated by its profit levels. Clearly,
large firms will achieve higher profit levels
than smaller businesses.
Achieve a ROCE that exceeds the level
recorded for the previous year by a certain
percentage
Achieve a ROCE that exceeds the level of
a particular competition…read more

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Shareholders returns
High dividend per share which will indicate
a well performing business and will benefit
shareholders with increased dividends
High dividend yield ­ shows the dividend
paid as a percentage of the market value
of the share.
Increasing the share price as this tends to
reflect the value of the business
High earnings per share. Show profit
made by each individual share in a
business…read more

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