Functions of financial management can be divided into eight areas. A business manager has to concentrate on the following areas of the finance function: 1. Estimating Financial Requirements: The first task of any financial manager is to determine short-term and long-term financial requirement of his/her business. For this purpose, the financial manager will prepare a financial plan for… Read More »
The advantages of a public warehouse are: Storage facilities can be availed at desired locations as and when required, and at a known cost. The goods can be despatched to the warehouses with the warehousemen as the consignee for the clearance of the goods at the railhead and transportation to the warehouse. The goods can be delivered or despatched to… Read More »
The Reserve Bank of India (RBI) introduced new design banknotes in the denomination of ₹ 500 and ₹ 2000 as part of Mahatma Gandhi(New) series, after the Prime Minister Narendra Modi made a surprise announcement of demonetization of ₹ 500 and ₹ 1,000 note to break the back of black money hoarders and counterfeiters. ₹500 notes new series: The… Read More »