Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. What do you signify by Organisation of Finance Function? Describe the functions of Financial Manager.
Ans. Organisation of Finance Function: - Organization of finance function signifies the division of functions relating to finance and to set up a sound and efficient organization for performing the finance functions. Since the financial decisions are extremely crucial for the survival as well as growth and development of the firm. The eventual responsibility of carrying out the finance function lies with the top management. Therefore a department to organize and carry out the financial activities is created under the direct control of the board of directors.
This department is lead by a financial manager.
Nevertheless the exact nature of the organization of the finance functions differs from firm to firm depending upon many factors such as:
(i) Size of the Firm
(ii) Nature of its Business
(iii) Kind of financing operations
(iv) Capabilities of firm are financial officers etc.
Bill Nicholson wants you to help him prepare the financial case for moving the manufacturing operation to Andover. He has specifically expressed interest in getting answers to th
In addition to the public pension plans, Rob and Ellen also have RRSPs. What options will they have when they retire if they want to draw money from their RRSPs? Identify one str
What factors does Standard & Poor’s analyze in determining the credit rating it assigns a sovereign government? Answer: In rating a sovereign government, Standard & Poor’s anal
What is nondiversifiable risk? How is it measured? If not the returns of one-half the assets in a portfolio are perfectly negatively correlated along with the other half-which
what are the advantages blades could gain from importing or exporting to a foreign country such azs thailand?
working capital management?
Ivan is making several entries into the general journal at the restaurant where he serves as an accountant. The main difference between entries for routine business transactions an
Illustrate the process of calculating call/ put options yields Issuing corporation will use provision if interest rates fall substantially below coupon rates offered on the se
a) Gross profit shows the difference between a firm's sales revenues and its direct cost of sales (COGS). Net profit, however, is calculated after deducting overheads (expenses) fr
Saven Travel Corporation is considering several investment opportunities in order to diversify its operations. Mr. Saven, president, is trying to determine the firm''s cost of capi
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd