Prime Concerns of Financial Management:
Till Early 1980’s
1. “Outsider-Looking-In” Function
2. Concerned with maintaining the financial chastity of the business.
3. Conservatism, investor/lender related protective covenants/information processing, issue management, etc.
From the Middle 1950’s
1. “Insider-Looking-In” Function
2. From raising of funds to utilization of funds.
3. Choice of investment, capital investment appraisals, measurement of financial performance etc.
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