Scope of finance functions, Financial Management

SCOPE OF FINANCE FUNCTIONS

The functions of Financial Manager can generally be sub-divided into two: The Routine functions and the Managerial Functions.

Managerial Finance Functions:

Need skilful planning, control and execution of the financial activities. There are four significant managerial finance functions.

  • These are as shown below:
  • Investment of Long-term asset-mix choices
  • Financing decisions
  • Division of earnings decision
  • Liquidity decision

 

Routine functions:

For the efficient execution of the managerial finance functions, routine functions have to be executed. Such decisions concern procedures and systems and include a lot of paper work and time. In most situations these decisions are delegated to junior staff in the organization

Posted Date: 12/8/2012 6:17:43 AM | Location : United States







Related Discussions:- Scope of finance functions, Assignment Help, Ask Question on Scope of finance functions, Get Answer, Expert's Help, Scope of finance functions Discussions

Write discussion on Scope of finance functions
Your posts are moderated
Related Questions
The financial ratios of a firm are given:     Current ratio    =  1.33   Acid-test ratio   =  0.80   Current liabilities  = 40,000   Inventory turnover ratio = 6    What is the

when asked to calculate return method given cash flow before depreciation how do you do it

Q. Can you explain Dispersion method? Dispersion method help to assert risk in receiving a return on investment. The greater the potential dispersion, the greater the risk. One

The wide gap between maturities poses problems in using the on-the-run issues, especially after five years. Some dealers and vendors use selected off-the-run Trea

Table 1:  Politics Stability of the existing government structure National/provincial government r

Current Assets:- Stock of Raw-Materials :- [(Cost of yearly consumption Of raw material)*{ (Average Inventory holding period (weeks/months))}/(52 weeks / 12 months)]=

What is the explanation for leaset cost selection

Advantages of ARR: It is simple to calculate and easy to catch. With the help of this technique, direct comparisons among proposed projected of varying lives with no bu

The price charged when one segment of an organization provides goods or services to another segment of the organization.

Cash Forecasting and Budget: It is used to get an idea of what a cash forecasted budget any might expect to earn in a fiscal year. You take last year's expenses, increased by