Functions of financial management/ functions of finance
There are different types of financial functions are done in the organization according to organization's nature, goal and objectives. Some common functions are done by all organization. These are investing function, financing function, Dividend function, working capital, keeping records and reporting daily transactions. In this way the common functions are done in the organizations. We can study these functions by dividing in two parts, like managerial finance functions and routine finance functions.
1 Managerial finance functions
Investment decisions
Financing decisions.
Dividend decisions.
Working capital decisions.
2. Routine finance functions
Recording of financial activities
financial reporting.
supervision of cash flow.
Safeguarding assets and documents.
other routine functions.
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