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Why should a financial manager understand the five basic finance functions?

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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?

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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.

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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 ...

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  • MBA, Aspen University
  • Bachelor of Science , Berea College
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