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i) Supervision of cash receipts and payments and safeguard of cash balances
ii) Custody and safeguarding of securities, insurance policies and other valuable papers
iii) Taking care of the mechanical details of new outside financing
iv) Record keeping and reporting
- The finance manager in the modern enterprises is mainly involved in the
managerial finance functions.
- The routine finance functions are carried out by executives at lower levels.
- Financial manager's involvement in the routine functions is confined to setting up of rules of procedures, selecting firms to be used, establishing standards for the employment of competent personnel and the rules that are observed and that the forms are properly used.
NatalieR answered the question on June 16, 2022 at 09:17
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