Initial planning of capital requirement is made by
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Answer:
promoters sets the requirement
FINANCIAL MANAGER
Initial planning of capital requirement is made by FINANCIAL MANAGER
KEY POINTERS OF ROLE OF THE FINANCIAL MANAGER:
* A financial manager is someone who is in charge of an organization's major financial activities. To guarantee that the funds are used in the most effective manner, the person in charge should have a long-term perspective. His activities have a direct impact on the company's profitability, growth, and goodwill.
* A company can raise capital through both stock and debt financing. The decision on the debt-to-equity ratio is the duty of a financial management.
* The stock exchange is where a company's shares are traded, and there is a continual selling and purchase of securities. As a result, a financial manager's ability to grasp the capital market is critical.