Strategic Financial Management

Which of the following is not true about Strategic Financial Management.

• Involves the strategic planning, analysis, and decision-making processes.

• Includes capital budgeting, cost analysis, and risk assessment.

• Summarizes recorded transactions into financial statements

• Aligns financial goals with the overall strategic goal of the organization

SFM involves external reporting while accounting involves internal decision making.

• True

• False

What are NOT the tasks involved in Financial Management?

• Budgeting

• Recording of transactions

• Financial Analysis

• Cash flow management

Which of the following is NOT the role of Senior Management and Executives in SFM.

• Setting Strategic Direction

• Resource Allocation

• Risk Management

• Data Collection and Reporting

Strategic financial management helps the management to make informed decisions regarding resource allocation

• True

• False