Cost Accounting – Review
Product costs: – Costs that can be attributed to the generation and delivery of individual products – Also called “inventoriable” costs and are capitalized in…
Financial Management
Financing a Business expansion
1. Reserves Are profits, which are ploughed back into the business to create growth? This form of finance is suitable for organic growth as the…
Meaning of Financial Management
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…
Real and financial Assets
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…
EQUITY AND BORROWED FUNDS
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…
Finance Functions
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…
Organisation of Finance Function
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,…
Functions of the Chief Financial Manager
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…
Functions of Treasurer
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…
Functions of controller
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…