CA Final - SFM
Strategic Financial Management is a practical, Paper2 of Group1 of the CA Final Course.
As the subject title limns, Strategic Financial Management alludes to both financial facets along with the implications that follow for formulating various business strategies. It is a detailed approach that ensures long-term well being of a business firm, thereby guaranteeing paramount growth and sustenance in the highly competitive market.
Strategic Financial Management is a detailed study of finance per se, that a skilled CA undertakes as he endeavours to fulfill the long term strategic goals of his organization. A CA who is indisputably a master in this domain, helps his enterprise by ensuring amplified profits along with an assured and acceptable return on investment (ROI). A CA works upon the financial business plans of his organization, such as production/sales/ marketing plan etc. in which he sets up diligent financial controls and does careful decision making. The supreme goal of Financial Management is to magnify shareholders wealth and to attain this objective, a company requires a long term, detailed course of action per se, and this is where a CA comes to the rescue of such organizations as he is supremely learned and adroit in this field.