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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:
When a borrower uses repo market for fund financing, he has to deliver the securities to the lender. One way to do this is to deliver the collateral to the lender
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challenges that the finance manager face in fulfilling the managerial function
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compare and contract the potential liabilities of owners of proprietorship,partnership and corporation
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