Why should a financial manager understand the five basic finance functions?
Not what you're looking for?
Why should a financial manager have an integrated understanding of the 5 basic finance functions? Why is the corporate governance function considered a finance function?
Purchase this Solution
Solution Summary
This five functions are the financing function, the capital budgeting function, the financial management function, the corporate governance function and the risk-management function. This solution discusses the importance of why managers should understand these functions and why corporate governance is included in 253 words.
Solution Preview
The five basic finance functions are summarized below:
1.The financing function: This function entails raising capital to support the company's operations and investment programs
2.The capital budgeting function: This function involves selecting the best projects in which to invest the firm's resources, based on each project's perceived risk and expected return
3.The financial management function: This function involves ...
Education
- MBA, Aspen University
- Bachelor of Science , Berea College
Recent Feedback
- "Thank u"
- "Thank You!"
- "Thanks!"
- "Thank you so much"
- "Great job...thanks."
Purchase this Solution
Free BrainMass Quizzes
Organizational Behavior (OB)
The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.
Operations Management
This quiz tests a student's knowledge about Operations Management