Tag Archives | Financial Management

3 Main Approaches to Financial Management | Management

The following points highlight the three main approaches to financial management. The approaches are: 1. Traditional View 2. Modern View 3. Liquidity and Profitability. Approach # 1. Traditional View: Financial management is primarily concerned with acquisition, financing and management of assets of business concern in order to maximize the wealth of the firm for its […]

Reasons for Centralizing Finance Function

The argument in favour of centralizing the finance function is based on the following reasons:- 1. Strategic Decisions 2. Cash-Flow 3. External Orientation 4. Coordination 5. Financial Discipline 6. Information Flow. Reason # 1. Strategic Decisions: Many of the strategic decisions like setting up of financial goals, investment in capital projects, raising of finances through […]

Top 20 Functions of Financial Controller

The following points highlight top twenty functions of a financial controller in a large business. The functions are: 1. Provision of Capital 2. Investor Relations 3. Short-Term Financing 4. Banking and Custody 5. Credit and Collections 6. Insurance 7. Investments 8. Planning for Control 9. Reporting and Interpreting 10. Evaluating and Consulting 11. Tax Administration […]

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