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Finance Strategies

Financial policies and strategies of corporation are associated with the raising and use of funds. A corporation's financial policy denotes to the company's overall approach to manage its financial decisions. A company's financial strategy is composed of Capital budgeting, financing and dividend policy.A financing strategy is integral to an organisation's strategic plan. It sets out how the organisation plans to finance its overall operations to meet its objectives now and in the future. A financing strategy summarises targets, and the actions to be taken over a three to five year period to achieve the targets.A financial manager's main goals are planning, containing costs, managing cash flow and ensuring legal complianceExamples of mid-term financial goals include saving enough for a down payment on a house, paying off a hefty student loan, starting a business (or starting a second career), paying for a wedding, stoking your youngster's prepaid college fund, taking a dream vacation, or even a sabbatical.The biggest long-term financial goal for most people is saving enough money to retire. The common rule of thumb that you should save 10% to 15% of every paycheck in a tax-advantaged retirement account like a 401(k), 403(b), or Roth IRA is a good first step

Last Updated on: Nov 27, 2024

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