This article throws light upon the top five functions of a finance manager. The functions are: 1. Financial Forecasting and Planning 2. Acquisition of Funds 3. Investment of Funds 4. Helping in Valuating Decisions 5. Maintain Proper Liquidity. Finance Manager: Function # 1. Financial Forecasting and Planning: A financial manager has to estimate the financial needs of a business. How [...]
This article throws light upon the seven main types of business function of a manufacturing undertaking. The types are: 1. Purchase Function 2. Productivity Function 3. Distribution Function 4. Accounting Function 5. Personnel Function 6. Research and Development 7. Financial Management and Economics. Type # 1. Purchase Function: Materials required for production of commodities should be procured on economic terms [...]
This article provides a study note on Finance Function:- 1. Meaning of Finance Function 2. Approaches to Finance Function 3. Aims. Meaning of Finance Function: Finance function is the most important of all business functions. It remains a focus of all activities. It is not possible to substitute or eliminate this function because the business will close down in the [...]