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: FUNCTIONS OF FINANCIAL MANAGEMENT

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23 Jan 2023

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Bharathiar University

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Document Summary

There are two approaches to identify the functions that must be performed by financial management. One classification system links the functions with the twin goals of liquidity and profitability. The second classification method focuses on what is being a managed asset or funds. In seeking sufficient liquidity to carry out the firm"s activities, the financial manager performs tasks such as the following: pay its bills properly. The day-to-day operations require the firm to be able to. This is largely a matter of matching cash inflows against. The firm must be able to forecast the sources and timing cash outflows. of inflows from customers and use them to pay creditors and suppliers: raising fund: The firm receives financing from a variety of sources. At different times some sources will be more desirable than others. The possible source may not at a given time, have sufficient funds available to meet firm"s need.

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