8/13/2023 0 Comments Define finance manager![]() Hence formation of a good asset mix and proper allocation of funds is one of the most important activity ![]() These financial decisions directly and indirectly influence other managerial activities. Status of assets whether they are long-term or short-term.The size of the firm and its growth capability.In order to allocate funds in the best possible manner the following point must be considered The funds should be allocated in such a manner that they are optimally used. Once the funds are raised through different channels the next important function is to allocate the funds. It is important to maintain a good balance between equity and debt. It is the responsibility of a financial manager to decide the ratio between debt and equity. A firm can raise funds by the way of equity and debt. In order to meet the obligation of the business it is important to have enough cash and liquidity. His/Her actions directly affect the Profitability, growth and goodwill of the firm.įollowing are the main functions of a Financial Manager: ![]() The person in charge should maintain a far sightedness in order to ensure that the funds are utilized in the most efficient manner. ![]() Therefore in order to take care of these activities a financial manager performs all the requisite financial activities.Ī financial manger is a person who takes care of all the important financial functions of an organization. Financial activities of a firm is one of the most important and complex activities of a firm. ![]()
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