The function of financial manager :

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The financial manager in a business organization,especially in a large-scale undertaking,is to perform a number of important functions .His functions are very significant because if the proper planning can not be made of finance ,it may spell the death knell for the business.The functions that the financial manager is to perform are the following:

1.Financial planning : The financial manger is to plan how much money is needed for carrying out the operations of the business.
2.Raising funds : The financial manager is to raise the requisite funds to meet the requirements of the business operations.
3.Investment : Procurement of funds is useless if they can not be invested properly.It is the responsibilities of financial manager to ensure the maximum utilization of money for earning maximum profit.
4.Financial control :Financial planning will have no value if proper control is made of the activities to check any variation .
5.Protection of capital : The financial manager is also responsible for taking to protect the funds supplied by the owners and creditors.
6.Distribution of income : He is to evaluate dispositions of the funds represented by the net income.He may decide to distribute profits as an aid to financing or retain profits and so avoid outside financing.

In addition to the above,the financial readjustments of the relations of creditors and owners,in case of liquidation of business,valuation of assets and liabilities ,the financial manager has a great deal of functions to perform.

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