Understanding 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 function or department within an organisation.

Financial Strategies: Long-term or medium-term plans, devised at senior management level, and designed to achieve the firm's financial objectives.

Financial Tactics: Short-term financial measures adopted to meet the needs of a short-term threat or opportunity.