This document discusses the scope and goals of financial management. Financial management involves properly managing a company's capital resources and making both external and internal financial decisions, including fund requirements, investments, and dividends. While traditional financial management focused on corporate finance and long-term funding, modern financial management also considers issues like how fast a company should grow and what forms it should hold assets in. The main goals of financial management are profit maximization and wealth/value maximization, with the latter being a preferred objective since it considers cash flows, risk, uncertainty, and the time value of money.