Scope of Financial Management and Functions of Finance

Finance is regarded as the life blood of a business enterprise. This is because in the modern money-oriented economy, finance is one of the basic foundations of all kinds of economic activities. Long considered apart of economics, corporation finance emerged as a separate field of study in the early part of 20th century. At first it dealt with only the instruments, institutions, and procedure aspects of capital markets. Accounting data and financial records were not the kind we use today, nor were regulations making it necessary to disclose financial data. But interest in financial innovations, promotions, consolidations, and mergers has always beenincreasing. This paper provides the scope of financialmanagement and functions offinance