General functions of financial management, Financial Management

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GENERAL FUNCTIONS

Several functions of financial management currently range from planning of funds to distribution of earnings and also are extend beyond.  Some of the well-known functions are as follows:

  • Estimating financial requirements.
  • Deciding capital structure / capital or financing mix.
  • choosing sources of finance.
  • choosing investment pattern / long term asset mix.
  • Proper cash management.
  • Implementation of financial controls.
  • Proper use of profits/ surplus / dividend or profit allocation.
  • Short term asset or Liquidity mix.

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