Financial Management Report: Functions, Roles, and Sources
VerifiedAdded on 2022/12/28
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AI Summary
This report delves into the crucial aspects of financial management, exploring the significance of financial functions within an organization, the pivotal role of a financial manager, and the diverse sources of finance available to a company. The report uses Morrisons as a case study, examining the importance of financial functions in identifying financial needs, finding finance sources, comparing finance options, and making investment decisions. It also explains the financial manager's responsibilities, including dividend decisions, market trend analysis, and investment decisions. Furthermore, the report details both internal sources like retained profit and selling assets, and external sources such as bank loans, venture funding, and funds from shareholders, offering insights into their advantages and disadvantages. The conclusion emphasizes the central role of finance in business operations, the importance of financial managers, and the impact of sound financial management on business growth and survival.
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