What do you signify by organisation of finance function, Financial Management

Assignment Help:

Q. What do you signify by Organisation of Finance Function? Describe the functions of Financial Manager.

Ans. Organisation of Finance Function: - Organization of finance function signifies the division of functions relating to finance and to set up a sound and efficient organization for performing the finance functions. Since the financial decisions are extremely crucial for the survival as well as growth and development of the firm. The eventual responsibility of carrying out the finance function lies with the top management. Therefore a department to organize and carry out the financial activities is created under the direct control of the board of directors.

This department is lead by a financial manager.

Nevertheless the exact nature of the organization of the finance functions differs from firm to firm depending upon many factors such as:

(i) Size of the Firm

(ii) Nature of its Business

(iii) Kind of financing operations

(iv) Capabilities of firm are financial officers etc.


Related Discussions:- What do you signify by organisation of finance function

Caselet, suggestion regarding credit limit. should it be approved or not wh...

suggestion regarding credit limit. should it be approved or not what should be the amount of credit limit that electronics give to booth plastics

Secondary market, The secondary market is a market where the investor...

The secondary market is a market where the investor purchases a security from another investor rather than from the issuing corporation. This market is secondary

Budgeting, Budgeting: All business owners should recognise and understa...

Budgeting: All business owners should recognise and understand the importance of preparing and maintaining a financial budget for their business. Budgets are an essential fi

What do you meant by negative externalities, Question 1: i) Is ther...

Question 1: i) Is there a stable and inverse link between unemployment and inflation? ii) The government announces that expansionary policies will be enacted in a view

Income statement, Income Statement A formal statement of the parts...

Income Statement A formal statement of the parts used in determining an organization net income that is called profit and loss statement. The several categories reported

How the export promotion trade strategy, Question 1: (i) How are educa...

Question 1: (i) How are education and economic growth connected? (ii) Explain how the export promotion trade strategy may be more growth promoting for developing economies,

Advantages and disadvantages of closed end country funds, Discuss the advan...

Discuss the advantages and disadvantages of closed-end country funds or CECFs relative to the American Depository Receipts or ADRs as a means of international diversification. An

Explain the pricing spill over effect, Explain the pricing spill-over effec...

Explain the pricing spill-over effect. Suppose a firm operating in a segmented capital market (such as China, for example) decides to cross-list its stock in New York or London.

Valuing bonds with embedded options, Bond valuation would be relative...

Bond valuation would be relatively simple if interest rates exhibit little day-to-day volatility. One could value a bond by discounting each of its cash flows at

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd