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What is the explanation for the various functions of financial management?
Wiki User
∙ 10y ago
What are the functions of finance?
Answer
The five basic corporate finance functions are described as those functions related to;
1) raising capital to support company operations and investments (aka, financing functions);
2) selecting those projects based on risk and expected return that are the best use of a company's resources (aka, capital budgeting functions);
3) management of company cash flow and balancing the ratio of debt and equity financing to maximize company value (aka, financial management function);
4) developing a company governance structure to encourage ethical behavior and actions that serve the best interests of its stockholders (aka, corporate governance function); and
5) management of risk exposure to maintain optimum risk-return trade-off that maximizes shareholder value (aka, risk management function)
Wiki User
∙ 10y ago
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How is coordination of financial management functions with the various federal agencies effected?
Pursuant to the Chief Financial Officers Act of 1990, a deputy director for management was established within the OMB to coordinate financial management functions with the various federal agencies
What are the main functions of a finance department?
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
Where online can one find a debt management calculator?
Debt management calculators can be found online at numerous websites. Typically they can be found at financial websites attempting to assist the user with various financial topics.
How can someone learn to do financial management?
Well bro you know what? You can't really learn Financial Management. Its a technique for analysis of financial information. U wanna be good in it?? Well start analysing various balance sheets of different industries.. Or u can also take up a course for Management in finance..
What are the various approaches of financial management?
Traditionally Finance involves arrangement of funds required by the business enterprise from and through financial institutions ('from' signifies procurement of loan capital, and 'through' implies the selling of securities by financial institutions). Hence, the traditional approach of financial management focused on 'arrangement of finance' for meeting various financial needs of an enterprise. In the modern sense, financial management encompasses wider applications, viz., assessment of funds required, effective procurement of those funds through most economical means, and efficient utilisation of those funds through profitable investments, as well as cash and liquidity management. To put it in the words of Ezra Solomon, the key questions in financial management of a business enterprise happens to be: "(i) What is the total volume of funds an enterprise should commit? (ii) What specific assets should an enterprise acquire? (iii) How should the funds required be financed?" These questions, if answered properly, lead to four broad decision areas of financial management, viz., funds requirement decision, financing decision, investment decision, and dividend decision.
How is coordination of financial management functions with the various federal agencies effected?
Pursuant to the Chief Financial Officers Act of 1990, a deputy director for management was established within the OMB to coordinate financial management functions with the various federal agencies
What type of company is IT Asset Management?
IT asset management is not a company, but group of business practices. The practices link various business functions, such as financial and inventory, to help manage the IT environment and with decision making therein.
Definition of financial management by different author?
inancial management is the management of financial functions. Financial functions include begaimana obtain funds (raising of funds) and how to use these funds (allocation of funds). Financial managers are concerned with the determination of total assets worth of investments in various assets and choose the sources of funds to finance the asset. To obtain funds, financial managers can obtain it from within and outside the company. Sources from outside the company come from the capital market, may take the form of debt or equity capital.
What are the main functions of a finance department?
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
Explain briefly the different functions of human resource management?
define hrm briefly explain various functions of hr
How can I get a job in Investment Management?
You will need to have the right connections from various financial advising companies, as it is the easiest to get into. Once you are in as an financial advisor you will need to get profortilos in order to move up to an investment management position.
Can The Shield Pro 2008 protect your PC?
Yes, Total Management of various security functions - The total management of Scan and repair of Virus, Spyware and Adware, Network Protect, Folder Protect, E-mail Protect and other various security functions is possible and because the report and log of each security functions are supported, user can do security management for own system
Where online can one find a debt management calculator?
Debt management calculators can be found online at numerous websites. Typically they can be found at financial websites attempting to assist the user with various financial topics.
How can someone learn to do financial management?
Well bro you know what? You can't really learn Financial Management. Its a technique for analysis of financial information. U wanna be good in it?? Well start analysing various balance sheets of different industries.. Or u can also take up a course for Management in finance..
Functional area of management?
Functional area of management refers to the various tasks that are done in an organization under supervision. These will consists of planning, leading, organizing and coordination of these functions.
Write about the functions of Indian financial system?
To Provide or raise the capitalsaving FunctionA financial system or financial sector functions as an intermediary and facilitates the flow of funds from the areas of surplus to the areas of deficit. A Financial System is a composition of various institutions, markets, regulations and laws, practices, money manager, analysts, transactions and claims and liabilities.
What is facilities management?
Facilities management deals in ensuring that the organization gets all the support services it needs to coordinate the various functions of the organization. Facilities management services are also available for domestic use.
