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

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