INCIDENTAL OR ROUTINE FUNCTIONS

In this group, the functions of routine nature are included. They are performed by low level assistants like accountants, assistant accountants etc., They include:

1. Record keeping and reporting.

2. Preparation of various financial statements.

3. Cash planning and its supervisions.

4. Credit management.

5. Custody and safeguarding the different financial securities, etc.,

6. Providing top management with information on current and prospective financial conditions of the business as a basis for policy decisions on purehases„ marketing and pricing.

FINANCIAL DECISIONS

The financial manager carries out financial decisions in a manner that the wealth of shareholders is maximised. A brief description of each of the financial decisions, which the financial manager has to make follows.

LIQUIDITY vs PROFITABILITY | MAXIMISATION OF RETURN | WEALTH MAXIMISATION | Constraints - Policy Decisions - Profitability | IMPLICATIONS OF WEALTH MAXIMISATION | Suppliers of Loan Capital | RELEVANCE OF WEALTH MAXIMISATION | Retaining earning and Undistributed profits | Managerial finance function | Functions of Financial Management | FINANCIAL FORECASTING | MANAGEMENT OF CORPORATION ASSET STRUCTURE | THE MANAGEMENT OF INCOME | MANAGEMENT OF CASH | DECIDING OUT NEW SOURCES OF FINANCE | CONTACT AND CARRY NEGOTIATIONS FOR NEW FINANCING | ANALYSIS AND APPRAISAL OF FINANCIAL PERFORMANCE | INCIDENTAL OR ROUTINE FUNCTIONS | CAPITAL BUDGETING DECISION | CURRENT ASSET MANAGEMENT | Maximisation of Share Value | RESPONSIBILITIES OF FINANCIAL MANAGEMENT IN THE FIRM | Functions of the Treasurer and Controller | TASKS OF FINANCIAL MANAGEMENT | CHALLENGES OF FINANCIAL MANAGEMENT | Gross and Net Savings | Household Savings | How to politely win when credit disputes and problems arise