The Funcitons of a financial manager of a company generally include the follwing
- Estimates capital requirement of various projects
- Provides funds for various projects
- Maintains liquidity and solvancy to meet the short term and long term commitments, when they become due.
- Liason with stock exchanges,share holders,bankers,financial institutions.
- Estimates risk in financial decisions and provide for various measures to minimise risk
- Decides the credit policy of the company by taking into consideration the established practices.
- Reports to various external agencies like financial institutions ,tax authorities ,share holders,govt.
- Meets various onligations under different legistations ,like tax laws, SEBI Act, etc ....
- Takes - up internal audit to establish proper checks and controls
- Decides the dividend policy of the company .
All the above mentioned functions are supposed to be discharged by a financial manager , with in the frame work of laws in force, for the ultimate achivement of wealth maximisation of share holders.
No comments:
Post a Comment