Financial Management is such a managerial process, which is concerned with the planning and control of Financial resources. It is being studied as a separate…

A firm acquire real assets to carry on its business. Real assets can be tangible or intangible. Plant, machinery, factory, furniture etc. are examples of…

There are two types of funds that a firm can raise:- Equity funds and borrowed funds. A firm sells shares to acquire equity funds. Shares…

Financing decisions Investment decisions Dividend policy decision Liquidity Decision A. Financing Decisions are decisions regarding process of raising the funds. This function of finance is…

The organisation of finance function implies the division and classification of functions relating to finance because financial decisions are of utmost significance to firms. Therefore,…

Chief Financial manager is the top officer of finance department. In America he is known as Vice-president finance and in India he is called Chief…

The following are the functions of treasurer. Provisions of finance:- It includes the estimation of funds necessary for procurement preparing programmes and implementing them, establishing…

The controller performs the following functions:- (1) Planning:- The controller prepares plan for controlling the business activities which are the main constituents of management and…

It is the duty of management to clarify the objectives of business so that the departmental objectives could be determined accordingly. Financial objectives of a…

According to this approach, a firm should undertake all those activities which add to its profits and eliminate all others which reduce its profits. This…