Question

Functional area of financial management is broadening day by day answer is giving reasons

Answer 1

Explanation:

The scope of financial management/ finance function has changed over time. Earlier, it was confined to the procurement of funds in the events of the enterprise such as promotion, expansion, etc. But today, it includes the three different kinds of decisions along with the procurement of funds. Nowadays, the financial manager is required to look into the financial implication of any decision in the firm. Since every activity in a business organization it to be purchase, production, marketing, and capital expenditures has financial implications.

To Learn more:

i) https://brainly.in/question/3135008

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