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Functions of Financial Management
Finance function for the sake of convenience may broadly be classified into groups i.e., executive finance function and incidental finance function.






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The executive finance function is so termed because it requires some administrative skill in planning, execution and control. On the other hand incidental finance function is so called because it does not require any specialized administrative skill and for the most part it covers routine work, mainly clerical that is necessary to carry into effect the executive decisions. We shall discuss hereunder both the finance functions of finical management in detail.

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