Finance Function

The definition given b Mr.F.W.Paish may fall in this category. According to him "In a modern money using economy, finance may be defined as the provision of money at the time it wanted".

According to them the finance function does not cover only the procuremnent of funds but also effective utilisation in the business. Thus it is a managerial approach and may also be known as problem centerd approach, since it emphasises the best utilisation of funds collected and a planned procurement of funds from various sourcs to utilise them effectively.

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