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Finance

SCOPE OF FINANCE FUNCTIONS

The functions of Financial Manager can generally be sub-divided into two: The Routine functions and the Managerial Functions.

Managerial Finance Functions:

Need skilful planning, control and execution of the financial activities. There are four significant managerial finance functions.

These are as shown below:
Investment of Long-term asset-mix choices
Financing decisions
Division of earnings decision
Liquidity decision

Routine functions:

For the efficient execution of the managerial finance functions, routine functions have to be executed. Such decisions concern procedures and systems and include a lot of paper work and time. In most situations these decisions are delegated to junior staff in the organization

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M9516054

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