What are the functions of Financial Management?
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Transcript of What are the functions of Financial Management?
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Functions of Financial Management
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Planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise are called Financial Management.
Introduction:
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Learn the Functions of Financial Management…
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A finance manager is behind the estimation with regards to capital requirements of the company.
1. Estimation of capital requirements:
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After the estimation has been ready, the capital structure must be determined.
2. Deciding of capital composition:
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A company has many choices like-
•Shares and debentures issues
•Loans are taken from banks and financial institutions
•Public deposits are drawn in form of bonds.
3. Choice of sources of funds:
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Allocation of funds into profitable ventures is decided by the finance manager. Therefore safety is maintained on investment and standard return is made feasible.
4. Investment of funds:
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A finance manager makes the net profits decision. This is done in two ways:
•Bonus declaration
•Preserved profits
5. Disposal of surplus:
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Financial management is responsible for co ordinating diverse activities in the business. Thus, financial management plays the pivotal part in the success of any firm or organization.
Conclusion:
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