The main functions of finance are: to raise capital to operate a business; to make the best use of resources to reach objectives and expect returns; to manage the cash flow of the company between its liabilities and assets; to perform good financial management, etc. Finance and its proper management is the backbone of any business.
Financial institutions have several functions within the economic system. They provide loans and credit to individuals and businesses. They also provide savings and investment tools.
what are the finance functions of a financial manager in current scenario?
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short term finance long term finance foreign trad function
marketing, accounting (finance) and operation.
To provide financial services to their customers
Production Marketing Accounting
To provide financial services to their customers
to control the bank position financially
production marketing finance human resources management
Operations, Marketing and finance
Functions of finance department are:Book keeping• Obtaining and managing finance•Budget control•Accounts Payable•Accounts receivable•Credit regulations and policies•Bills processing /Claim Processing
To handle the financial affairs of the companyThe Ministry of Finance is responsible for the financial functions and activities of the Board and management of financial policy of the Office.the various function done by finance department is:-Budget preparationBudget administrationCost allocationAccounts payablePayrollFringe benefitsGrants administrationMonitoring service providersTechnical assistance to service providersContract administrationBilling