The
twin aspects viz. procurement and effective utilization of funds are the
crucial tasks which the finance manager faces. The financial manager is
required to look into the financial implications of any decision in the firm.
Thus all decisions involving management of funds comes under the preview of the
finance manager. A large number of decisions involve substantial or material
changes in the value of funds procured or employed. The finance manager has to
manage funds in such a way so as to make their optimum utilization and to
ensure that their procurement is in a manner so that the risk, cost and control
considerations are properly balanced under a given situation. He may not
however, be concerned with the decisions, which do not affect the basic
financial management and structure.
