finance function are carries on to achieve the objectives of the firm. finance function are mainly viewed from two approaches 'raising of funds' and 'raising and allocation of funds'.the first approach confines the finance functions to the procurement of funds only and ignores the use of the funds.it was the major finance function at the early stage of the development of finance.the second approach is comprehensive and universally accepted approach.we follow the second approach in this book.alternatively, finance function may be viewed on the basis of the level of managerial attention required to get them performed.on this basis,finance function may be classified as managerial finance functions and routine finance function.
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