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SCOPE OF FINANCE FUNCTION
In several businesses, based on the complexity and size of financial decision-making, the scope of finance function may be categorized into incidental finance function and executive finance function. The coverage of functions by both is in this way
Executive Finance function
This function generally is a main function and deals with decision-making and policy making tasks and incorporate with the following:
Incidental Finance function
This function is much more than an implementation and maintenance type and covers the following functions:
what are the basic assumptions of financial management?
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Cost of Debt (k ) : This describes the rate of interest payable on debt. The cost of debt funds may be calculated when the debt is redeemable or irredeemable. therefore, when deb
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