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study material on finance 19

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FINANCE  To understand the position and importance of finance in an organization.  Finance which affects decisions is the time value of money.  Finance can be broken into three different sub categories: public finance, corporate finance, personal finance. Role of finance function • Finance function is one of the driving force of an organization . • It forms basis for all economic activities. • Success of an organization depends on how well it manages the financial resources. • All other function such as marketing, HR, accounting are interlinked and interconnected to finance function. • The duties and responsibilities includes treasurer. Cash manager or controller etc. Contd… • Treasurer focus on financial decision making, budgeting capital, portfolio management and formulate credit policies and its deals in external financial matters. • Controller is concerned with internal issues i.e. accounting audit work, financing and cost accounting etc. • So CFO’s and finance organization play critical role in creating value by effective capital structure and setting goals for revenue and profitability that meet the companies long term goal. Transformation of finance of finance function • Previously was limited to raising funds and allocating to various function but in today's scenario CFO is considered strategic partner providing specific and internal external skills and services. • Focuses and reporting and compliance transaction management, crea ...
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