MANAGEMENT

Detailed explanation-1: -Profit earning is important for survival and sustenance of any organization. Profit planning refers to proper usage of the profit generated by the firm.

Detailed explanation-2: -By definition, a financial manager is someone who oversees the financial health of an organisation and helps ensure financial sustainability. They supervise many important functions such as monitoring cash flow, managing expenses, producing accurate financial data, and strategising for profit.

Detailed explanation-3: -Mobilizing funds, Risk returns trade off, Deployment of funds and Control over the uses of funds are the function of the finance manager.

Detailed explanation-4: -Financial Decisions and Controls A crucial role of financial managers is in making financial decisions and exercising control over finances in the organization. They make use of techniques like ratio analysis, financial forecasting, profit and loss analysis, etc.

Detailed explanation-5: -Financial management is the business function concerned with profitability, expenses, cash and credit, so that the “organization may have the means to carry out its objective as satisfactorily as possible; ” the latter often defined as maximizing the value of the firm for stockholders.