Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor
Section: Chapter Questions
Problem 1CYBK
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Question
- Explain your analysis, why organization having importance of following functions of
financial management ? a.Allocation of funds
Expert Solution
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Step 1
At the point when we characterize the jobs of a finance head area head, by and large, it very well may be the obtaining of assets and the utilization of assets.
Step 2
The objective basic the capacity of obtainment of funds is to limit the expense of assets while the objective behind utilizing funds is to expand the profits.
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