Financial management includes key objectives that organizations follow to secure their financial stability and achieve success. These objectives of financial management serve as guiding principles for effective decision making and resource allocation within the field of finance.

Inventory refers to stock-pile of product, a firm is offering for sale and components that make up the product.

The takeover means the purchase of one company by another without the formation of a new company.

Receivables management refers to the planning and controlling of ‘debt’ owed to the firm from customers on account of credit sales.