These are the duties of a fiscal manager. Finance functions are connected to the overall fund management of a business organization. Choice of Sources of Funds 4. Financial Forecasting and Planning 2. The objective underlying the function of procurement of funds is to minimize the cost of funds whereas the objective behind the utilization of funds … This article throws light upon the top five functions of a finance manager. Cash is required for several purposes like payment of wages and salaries to the workers, payment to the creditors, payment of electricity and water bills, meeting current liabilities of the business, cost of maintenance of having enough stock, purchase of raw materials for daily production etc.The functions of a finance manager are not only to do a financial plan, procure fund and utilize the funds but he also has to control the finances involving in the business. Let us know very briefly about them. Financial management is a continuous and interrelated process which involves identifying the required amount of capital that is needed for running the business promptly, evaluating and selecting best alternative sources of funds, allocating the funds according to the need of business area and distributing earned profits. They are there to ensure that everything concerning finances within a company is in order. Financial management plays two main roles, one – participating in funds utilisation and controlling productivity, two – Identifying the requirements of funds and selecting the sources for those funds. Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. Then the net profits decision has to be taken by the finance manager of the company. During such decision, a financial manager has to deal with many complex valuations of securities of each company.It is the duty of a financial manager to lessen the tax liability of the business. Management of Cash 8. Predictions have to be made in an adequate and concern manner which increases the earning capacity of business and which ensures proper use of financial resources. Choice of a factor depends on the relative advantages and disadvantages of each source and financing period.The finance manager has to decide how to allocate the total amount of funds into profitable ventures. Financial Planning and Forecasting. He should also protect the assets engaged in the business to ensure the best use of the resources.Long-term decisions involve investing in share or bond, purchasing new equipment, building new plant etc. As the process requires a huge amount of capital, it is necessary that a financial manager identifies the investment opportunities and involved challenges.The efficient use of financial management functions helps a company to maximize wealth. This task should be performed wisely. The basic concept of finance comprises capital, funds, and amount. Some of the major functions of a financial manager are as follows: 1. In this case, the financial manager has to consider various sources like owner’s capital, retained earnings, loan from banks, friends and other financial institutions etc. The functions are: 1. It means applying general management principles to financial resources of the enterprise.The financial management is generally concerned with procurement, allocation and control of financial resources of a concern. Estimation of capital requirements: A finance manager has to make estimation with regards to capital requirements of the company. Finance function involves the procurement of funds from a number of sources and their proper utilization in business concerns. He needs to provide details … Thus Once the estimation of capital requirement has been made with the best effort, the capital structure of the enterprise has to be decided. He can declare a dividend to the shareholders of a company where the ordinary shareholders will get the profits in the form of money or share or retain profits for some purposes like expansion, diversification or innovation of the business.Finance manager of a company has to make decisions regarding cash management. Financial management is what financial manager do to achieve organizational goals and objectives. This involves the analysis of short- term and long- term debt equity. It is the financial manager’s responsibility to plan and estimate the business’s financial needs. Financial Control. Acquisition of Funds 3. Financial management functions are vital for managing financial resources. Procurement of Funds 5. A brief discussion of major financial management functions is stated below:A financial manager firstly has to make the estimation with regards to overall capital requirements of the business. Finance is referred to as the provision of funds at the time when it is needed for the business. While acquisition decision denotes a process of purchasing new or existing companies, the merger is a process where two or more companies join together in the formation of a new business. We are a ISO 9001:2015 Certified Education Provider.