Define finance function and discuss its nature, Financial Management

Q. Define Finance Function and discuss its nature and scope

Ans. Meaning of Finance: - Finance is defined as the provision of funds at the time when it is required. The role of funding in business enterprise requires no emphasis. Each enterprise whether big or small requires finance to carry on and expand its operations. Finance embraces the key to all the business activities and a firm's success and in fact its survival is dependent upon how resourcefully it is able to acquire and utilize the funds.

Meaning of Financial Management: - Financial management is a very important and an integral part of business management. It refers to that division of managerial activity which is concerned with planning and controlling of financial resources of the enterprise. It deals with increasing finance for the enterprise and the efficient utilization of such finance.

Definition of Financial Management: - According to Joseph L. Massie 'Financial management is the functioning activity of a business that is responsible for obtaining and effectively utilizing the funds necessary for efficient operations.'

Posted Date: 8/3/2013 2:25:34 AM | Location : United States






Your posts are moderated
Related Questions
A yield spread between any two bond issues can be easily computed when the maturity date for both these issues is same. The yield spread between these two bond

Do you guys provide Efficient Cash Management assignment help? I need writing a report on Efficient Cash Management.

'A' Priori Probability This is a probability computed by rationally examining existing information. A priori probability can most simply be explained as making a conclusion on

FINA310-1203B-10 Financial Management Assignment Name: Unit 2 Discussion Board Deliverable Length: 3-5 paragraphs Details: The Discussion Board (DB) is part of the core of online l

Read the journal article Lafferty, B. A., & Hult, G. T. M. (2001) ‘A synthesis of contemporary market orientation perspectives’, European Journal of Marketing, 35 (1/2), pp. 92–109

What are the IFRS 8 operating segments IASB issued IFRS 8 operating segments in November 2006 (which replaced IAS 14). This continues IASB's work in its joint short-term conver

You have $21 to spend on prawns and potatoes. Prawns cost $20 per kilo and potatoes cost $2 per kilo.   (a) Supposing you can buy as much or as little as you want of prawns and

Limitations of participation: 1. Technology and organization today are so complex that specialized work roles are required making it difficult for people to participate succes

Give two examples of types of companies that would be best able to handle high debt levels. Companies that manage local telephone service and those that manage natural gas deli

Twelve cases of leukemia are reported in people living in a certain census tract over a 5 year period. Is this number abnormal is only 6.7 cases would be expected based on national