Functions of Financial Manager The financial manager deals with two types of decisions: 1. Income or Finance Decision 2. Expenditure or Investment Decision Income or Financing Decision Income decision mainly means the process of fund collection. The scope of this decision covers selection of the alternative sources of funds and taking financial plans by analyzing … Read more
Evolution of Finance After the Industrial Revolution of the 17th century, production technique becomes more complex and the production process attains its excellence through specialized and divided processes. To sustain in the market competition, finance-related concept and their use become essential. With the expansion of Accounting, in the 18th century, Finance was involved mainly in … Read more
Classification of Finance The financial process is as important for a business organization as so important for a nonprofit organization too. Every organization is involved in a financial process. The financial process takes different forms for different organizations. Now we will discuss the classification of this finance. Though our main concentration is business finance, we … Read more
Concept of Finance Finance deals with fund management. Finance prepares plans and implements necessary activities about what amount of funds should be collected from which sources and where & how this fund is to be invested for the highest profit in the project. In the case of a business firm, fund flows in the business … Read more