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Dear customers from lucky vegetables and fruits. I am here to explain some of the roles of finance manager in the organization.
1. Estimating the amount of capital required
This is the foremost function of the financial manager. Business firm require capital for purchase of fixed assets.
2. Determining capital structure.
Once the requirement of capital funds has been determined a decision regarding the kind and proposition of various sources of funds has to be taken.
3. Choice of sources of fund.
Finance manager has to decide the sources from which the funds are to be raised.
4. Procurement of funds.
Financial manager takes steps to procure the funds required for business.
5. Utilization of fund.
Financial manager are to be invested in various assets so as to maximize the return of investment.
6. Disposal of profit.
Financial manager has to decide how much to retain for ploughing back and how much to distribute as divident to shareholders out of the profit of the company.
7. Management of cash.
Involves the forecasting the cash inflows and outflows to ensure that there is neither shortage nor surplus of cash with the firm.
8. Financial control.
Evaluation of financial performance is also an important function of financial manager.

PREPARED BY KIPALULE WINFRIDA THOM.  BAPRM 47527