Exploring Mathematics of Finance in Enterprise Financial Management and Profitability

Corporate financial management is the catalyst for strengthening financial information about an organization and improving financial policies and strategies for the profitability of the enterprise. Improving the usefulness of financial data requires the understanding and application of mathematics of finance to enhance management decision making and implementation. This is imperative because often business decisions are ultimately subject to human error because they are future-oriented, and therefore, subject also, to the uncertainty of business life. Business decisions based on cash flows is of vital importance in capital investment appraisal because the real cost to the business is subject to the vagaries of uncertainty. This makes a good business case for the adoption of mathematical techniques in financial strategy and management. 150 enterprises were involved in this study conducted through the qualitative technique of the exploratory research design, which showed positive association between financial management and enterprise profitability. The study was not exhaustive due to acute shortage of current relevant literature. Therefore, further study could examine the need for superior entrepreneurial leadership in promoting enterprise profitability in Nigeria