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Finance like loans and investments helps in the formation of new businesses and lets businesses grow.

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11y ago

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What is modern business?

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What is the role of the finance function within a large organisation?

The role and the purpose of the accounting function can be identified 'to ensure the business's transactions are recorded and processed completely accurately and securely, and that relevant information is given to management'.


Explain the relationship of finance in various department of an organisation?

Finance plays a crucial role in various departments of an organization by providing the necessary funding for operations, investments, and growth. The finance department manages the budgeting, financial planning, and analysis that support decision-making across all departments. Additionally, finance collaborates with departments such as marketing, operations, and human resources to ensure financial goals align with overall organizational objectives. Ultimately, the effective integration of finance across departments helps optimize resources, mitigate risks, and drive sustainable growth.


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Define Finance and identify its role in finance?

there are many define for finance but i will answer the more easy to let u understand what is the finance . finance is (sell on credit) ,or (commercial activities that are study how to manage capital and assets ).

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What is modern business?

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Why is the finance and accounting department important to a business?

Accounting and finance play an important role in the management of any business. Businesses are operated on money, so it is very important to control money in order to have a hold on the business. An accountant of a company helps to manage income and expenses and also the flow of money and thereby direct the course of your business. :D