One of the major roles of the finance department is to identify appropriate financial information prior to communicating this information to managers and decision-makers, in order that they may make informed judgements and decisions. Finance is an applied area that studies the ways in which individuals, business entities and organizations allocate resources over time and make decisions in the presence of uncertainty. Finance is concerned with the best optimal mix of funds in order to obtain the desired and determined results respectively.
At the same time, Finance also encompasses wider perspective of managing the business generated assets and other valuables …