INTRODUCTION

Finance is the process of commission of accumulated funds to productive use. Finance helps to
direct flow of economic activity and facilities its smooth operation. Finance is the agent that
produces this result.

There are many definition of all the best was of Howard and upon “those administrative areas of
assets of organisation which have to do with management of flow of cash so that the possible and at
the same time meet its obligation as they become due”.

Finance is concerned with task of providing funds of the enterprises on the item that is most
favourable towards the attainment of the organisation false object. The function finance is merely
furnishing funds to organisation. Finance has a border meaning and it covers financing planning
forecasting of cash receipt and disbursement , rising of funds use and allocation of funds and
financial control.

The area of operation of finance manager is vague from one company to another and industry to
industry etc.