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Modern approach at financial problems
With the advent of technology and need to tighten shipsdue to competition, financial management became as much a science as art. Efficient allocation of funds became imperative. Modern approach is ananalytical way of looking at financial problems of a firm with the main concerns such as:
1. What is the total volume of funds committed?
2. What specific assets should be acquired or divested?
3. How should the funds required be financed and from which markets?
challenges that the finance manager face in fulfilling the managerial function
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