FUNCTIONAL AREAS OF FINANCIAL MANAGEMENT
The scope of financial management is all pervasive and covers approximately all the functional areas of an organization. A number of the areas are as follows:
- Determining financial needs
- Determining sources of funds
- Financial analysis
- Optimal capital structure
- Cost-Volume-Profit analysis
- Profit planning and control
- Fixed assets management
- Project planning & evaluation
- Capital budgeting
- Working capital management
- Dividend policies
- Acquisitions & Mergers
- Corporate taxation