study material on finance 19

May 14th, 2015
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The formula answer must be 9216. You do not have to use cell references, although you could.

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FINANCE To understand the position and importance offinance in an organization. Finance which affects decisions is the timevalue of money. Finance can be broken into three different subcategories: public finance, corporate finance,personal finance.Role of finance function Finance function is one of the driving force of anorganization . It forms basis for all economic activities. Success of an organization depends on how well itmanages the financial resources. All other function such as marketing, HR, accountingare interlinked and interconnected to finance function. The duties and responsibilities includes treasurer. Cashmanager or controller etc.Contd Treasurer focus on financial decision making, budgetingcapital, portfolio management and formulate creditpolicies and its deals in external financial matters. Controller is concerned with internal issues i.e.accounting audit work, financing and cost accountingetc. So CFOs and finance organization play critical role increating value by effective capital structure and settinggoals for revenue and profitability that meet thecompanies long term goal.Transformation of finance of finance function Previously was limited to raising funds and allocating tovarious function but in today's scenario CFO is consideredstrategic partner providing specific and internal externalskills and services. Focuses and reporting and compliance transactionmanagement, crea

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