Breakthrough Features of Corporate Finance in 2024

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Breakthrough Features of Corporate Finance in 2024

The financial health of every company depends on corporate finance. And this question will definitely come to your mind: What are the features of corporate finance?

Which is discussed by every company and organization; hence, knowing all the features of corporate finance is very essential for an individual.

Corporate finance is concerned with how all companies and large organizations manage their investment decisions, funding, and capital structure.

In this blog, we are going to discuss the features of corporate finance and explain all its features in detail, such as risk management, legal requirements, etc.

We have explained this blog in very simple language, so you will not face any kind of problem. So let’s start this blog.

The Extreme Features of Corporate Finance

All the features of corporate finance have been broadly classified into their major decisions so that you can get more information about them: 

  • Capital budgeting.
  • capital structure.
  • Goal-oriented.
  • working capital 
  • Business Management
  • Venture capital
  • Capital financing
  • Financial planning
  • Investments
  • Financial management
  • Cost management
  • Financial modeling
  • Risk management
  • Fundraising
  • Dividend distribution
  • Estimating financial requirements
  • Financial activity
  • Legal requirements
  • Finance options
  • Financial planning
  • Bank loans
  • Connecting with other divisions
  • Proper planning and control

What is the Meaning of Capital Budgeting?

What is the Meaning of Capital Budgeting?

The meaning of capital budgeting is the most efficient in features of corporate finance, as the major projects or investments of the company and organizations depend on it.

Capital budgeting is a very important part of any company or firm as it evaluates investments or major companies to determine the potential returns or value of each company.

Capital budgeting is a key management function that involves analyzing the implementation and outflows of a project to determine whether initial returns meet an established framework.

Effective capital budgeting greatly helps the company in deciding which projects can give good returns over a longer period of time while also ensuring that the funds are well invested in the most profitable ventures.

These are the three most common approaches to project selection for capital budgeting, and all three approaches are discussed below:

  • Payback period (PB)
  • Internal rate of return (IRR)
  • Net present value (NPV)

Finally it is worth mentioning that capital budgeting is the 1st feature among the features of corporate finance. and it also play a important role in features of corporate finance.

The Meaning and Definition of Capital Structure Unveiled

The Meaning and Definition of Capital Structure Unveiled

We have tried to give you as much information as possible about the meaning and definition of capital structure, our only aim is to provide correct and complete information to all of you.

Capital structure is a way in which each company and organization finances all its growth and operations. It essentially details how much money a company or firm raises from which sources.

Capital structure is generally a combination of 2 things, the company whose capital structure is ready is known, the details of both these things are given below.

  • Debt: Debt is a borrowed money which the company also takes in the form of loan from the commercial banks and for this the loan is taken and the company has to repay it back to the bank with interest.
  • Equity: Equity represents ownership in every company and is obtained by selling shares of stock to investors in the equity financing company.

An ideal capital structure for any company depends on various factors such as its industry, risk tolerance and stage of growth. 

Therefore companies are trying to find a balance between minimizing the cost of capital and maintaining financial stability. and this capital are plays a crucial role in features of corporate finance.

Finally it is worth mentioning that capital structure is the 2nd feature among the features of corporate finance.

Goal oriented

Goal oriented

Goal-oriented in corporate finance means that the company focuses on specific financial objectives that are characteristics of the company’s overall strategic goals.

The goal-oriented approach ensures that the financial activities of the company maximize the overall success ratio of the company and goal oreientation a sufficient part of features of corporate finance

You all learned that a goal oriented approach is very important for the overall success of a company, but unless its strategies are known, they cannot be applied in the company, as we have mentioned below:

  • Launching a new product or service 
  • Improving operational efficiency
  • Increasing shareholder value
  • Expand your company into a new market. 

A goal-oriented approach provides many benefits to the company, which can accelerate its growth. Therefore, we have mentioned some of its benefits below:

  • Enhanced Performance
  • Increased Transparency
  • Measurable Success
  • Improved Decision-Making
  • Risk Management

Finally it is worth mentioning that goal oriented is the 3rd feature among the features of corporate finance.

The Working Capital Meaning in Finance

The Working Capital Meaning in Finance

The working capital meaning is completely explained in the below paragraphs, in which you can get information about this important feature.

This is how working capital works in corporate finance. It’s the oil that keeps your business engine running smoothly.  and this working capital are a effecient featur among features of corporate finance.

Working capital is a major financial metric for a company that represents the difference between a company’s current liabilities and current assets. Working capital is essential to carry out the day-to-day operations of a company.

Working capital also serves as a measure of a company’s operational efficiency and short-term financial health.

Companies and large organizations optimize their working capital and implement three types of strategies for its optimization, which we have mentioned below:

  • Negotiating better payment terms with suppliers
  • Managing inventory levels
  • Collecting receivables efficiently

By understanding and managing working capital well, all businesses can ensure that they have adequate and effective financial resources to grow their business, operate realistically, and achieve their long-term financial goals.

Finally it is worth mentioning that working capital is the 4th feature among the features of corporate finance.

Explain Business Management

Explain Business Management

We will explain business management properly in these paragraphs so that every single person can gain knowledge in business management.

Business management is a different type of procedure that is coordinated to achieve all the functions, activities, and financial goals of the business of every organization and company.

Business management involves planning, organizing, directing, and controlling all aspects of a company’s business.

Business management provides all the things that include direction, objectives, and structure for all types of operations in every organization. and it is a crucial part of features of corporate finance.

To manage the business successfully, it is very important to have a good and efficient business manager in the company because those business managers have various skills like controlling and leading.

There are many types of importance involved in business management in a company or organization; hence, we have listed all the importance below:

  • Goal Achievement
  • Efficiency and productivity
  • Adaptability
  • Sustainability

Business management is the backbone of a successful unicorn company. Therefore, if someone has achieved mastery in business management, he can achieve growth and long-term success for a company very quickly.

Finally it is worth mentioning that buisiness management is the 5th feature among the features of corporate finance.

Explain Venture Capital

Explain Venture Capital

Venture capital is a private equity financing in which an investor provides investment in a small business or a startup and by investing in the startup, the investor sees whether it has the potential for long-term growth or not.

Venture capitalist investors generally invest when a startup is generating a good revenue in its early stages as their investment can give them a great return very quickly.

Venture capitalists take equity stakes in those companies in return for their investment. venture capital is considered to be a very important aspect for all types of businesses and startups in the corporate world 

There are some types of VC which are very important to know in corporate finance, we have detailed all these types below: 

  • Seed capital.
  • Growth capital.
  • Startup and early-stage capital.
  • Expansion and late-stage capital.
  • Bridge financing. 

There is another type of venture capital which is called Corporate Venture Capital (CVC). This type is typically seen when a large corporation invests in a small business that is relevant to their parent group.

In exchange for this funding, the corporation may receive shares in that business or some of its resources. Finally it is worth mentioning that venture capital is the 6th feature among the features of corporate finance.

Understanding Capital Financing Meaning

Understanding Capital Financing Meaning

Capital financing meaning is that a company and organization raises funds from some external source to meet its long term business needs and day to day expenses.

The business needs of the company and organization include many things such as funding the company, financial expansion, or making significant purchases such as equipment or property.

You already know that how is capital financing is a most important aspect for any company and organisation and it is a best part of features of corporate finance.

But it is also very important to know what are the sources of capital financing, with which the company can meet its long-term needs, so we have discussed all its sources below:

  1. Equity financing: Under equity financing, capital is raised by selling shares of the company to investors and equity financing does not require repayment. But it makes the ownership and control of the company very weak as the shareholders have partial ownership of the company or firms. 
  2. Debt financing: Under debt financing, companies and organizations raise capital from an external source to meet their business needs and day-to-day expenses. But the capital is taken by the company and organization for a fixed period of time and has to be repaid with interest.
  3. Hybrid financing: Hybrid financing combines elements of both equity and debt financing to provide financial security and potential profits to investors.

Finally it is worth mentioning that capital financing is the 7th feature among the features of corporate finance.

Explain Investments

Explain Investments

Investment is a plan in which companies and individuals invest money today to achieve more money in the future.

Investment is a very big and core aspect of personal and corporate finance which plays a very important role in maximizing wealth and achieving the future financial goals of a company.

You all have learned what is the meaning of investment and its importance but the method of investment is very important to know, hence we have mentioned all the types of investment below:

  • Exchange-Traded Funds (ETFs)
  • Savings Accounts and Certificates of Deposit (CDs)
  • Commodities
  • Real Estate
  • Mutual Funds
  • Stocks
  • Bonds

Company or any individual investment needs to be thought very carefully because you also know that the chances of loss in investments are much higher than profit.

Hence investment needs to be thought very carefully and there are some strategies for companies investments too.That is why we have written the names of some of these strategies below:

  • Diversification
  • Asset Allocation
  • Long-Term Investing
  • Active vs. Passive Management

Investment plays a very essential role in building a company’s wealth ,achieving long term financial goals and features of corporate finance.

By understanding all types of investments, their risks and returns, and strategic approaches, companies and individuals can take the financial health of their business to a much more extreme level.

Finally it is worth mentioning that investments is the 8th feature among the features of corporate finance.

What is the Simple Definition of Financial Management

What is the Simple Definition of Financial Management

The simple definition of financial management is explained in detail in the paragraphs given below so that you can get complete knowledge about it.

Financial management is one of the most important aspects of a company or individual’s success and features of corporate finance as it manages the strategic planning of the finances of both.

The main purpose of financial management is to effectively manage the finances of an entity to maximize the wealth of the firm or organization and ensure long term stability.

A good financial management can take the growth of the company to a very high level. But for this it is very important to have a good finance manager in the company with the help of which all the expenses and financial related aspects of the company are analyzed. and maintain financial stability.

To understand financial management in detail, it is very important to know what are its components with the help of which financial management can be applied within a company or organization. That is why we have written the names of its components below:

  • Financial Planning and Forecasting
  • Budgeting
  • Financial Analysis and Reporting
  • Investment Management
  • Capital Structure Management
  • Risk management
  • Cash flow statement

You all have known a lot about financial management, but it is still very important to know its goal and importance, so we have mentioned both of them below: 

Goals of Financial ManagementImportance of Financial Management
Profit MaximizationStrategic Decision-Making
Wealth MaximizationResource Allocation
Liquidity ManagementRisk Mitigation
Cost ControlPerformance Measurement
Financial StabilitySustainable Growth

Finally it is worth mentioning that financial management is the 9th feature among the features of corporate finance.

Define Cost Management

Define Cost Management

We define cost management properly in these paragraphs so that you can get as much information as possible about cost management which you can use individually or in your company.

Cost management is a most essential aspect of financial and operational strategy for every company or organization Because this is a kind of procedure in which the cost of running a business is planned and controlled.

Cost management involves collecting and reporting cost information to assist in monitoring costs. effective cost management helps a lot in maximizing profits, improving profitability, and maintaining the financial stability of the organization and company.

The aim of cost management is to assure that all business projects are profitable and an organisation’s income increases. With its help, future expenses in the business can be predicted.

You all have known a lot about cost management, but it is still very important to know its goals and effective strategies, so we have mentioned both of them below: 

Importance of Cost ManagementStrategies for Effective Cost Management
Profitability ImprovementTechnology Utilisation
Resource OptimizationSupplier Negotiation
Financial StabilityCost-Benefit Analysis
Competitive AdvantageBudgeting and Forecasting
Informed Decision-MakingLean Management

Finally it is worth mentioning that cost management is the 10th feature among the features of corporate finance.

Define Financial Modeling

Define Financial Modeling

We define financial modeling properly in these paragraphs so that you can get as much information as possible about cost management which you can use individually or in your company.

Financial modeling is an essential aspect as it is used in finance to show the financial representation of any business or project.

This is also a kind of process in which a spreadsheet is made. This spreadsheet gives a summary of any company and predicts the future performance of the company.

Financial models are based on a company’s historical performance and assumptions about the company’s future and these models are crucial for features of corporate finance.

The financial model and its structure is developed on Microsoft Excel but it is not easy to create, it requires a person who knows accounting principles, financial statements, valuation methods, functions and Excel formulas.

A good and effective financial model is flexible, accurate and easy to use and provides valuable insights to any company or organisation that measures the financial health of the company and the potential of the projects.

Many types of models are also included in financial modeling, knowledge of which is very important for the person that preparing a financial model, hence we have mentioned its 3 types below:

  • Leveraged buyout (LBO) model
  • IPO model
  • Mergers and acquisitions (M&A) model

Finally it is worth mentioning that financial modeling is the 12th feature among the features of corporate finance.

Simple Definition of Risk Management

Simple Definition of Risk Management

Simple definition of Risk Management is explained through below paragraphs which is easily readable and understandable which you will know all about as soon as you read it.

Risk management is a procedure in which risks of a company or organisation are identified, evaluated and managed.

After which coordinated efforts are made to control and reduce the likelihood and impact of unfortunate events to the company.

Within risk management, strategies are developed to manage risks that can impact investments, earnings, and overall financial health of a company.

There are many types of risks involved in  financial risk management which can be used to identify the risks occurring in the company, hence we have mentioned all its types below:

  • Market Risk
  • Credit Risk
  • Liquidity Risk
  • Operational Risk
  • Regulatory Risk

Risk management plays an important role in features of corporate finance as it maintains the financial stability of a company, 

Hence an effective risk management not only provides protection from possible losses in the company but also enhances strategic decision making ability in the company. 

Finally it is worth mentioning that risk management is the 13th feature among the features of corporate finance.

Define Fundraising

Define Fundraising

We define fundraising refers to the process by which companies obtain capital to finance their growth and strategic initiatives.

Such capital can be raised from the company’s sources. Each of these sources has its own advantages, disadvantages, and implications for the company’s financial structure and controls.

Fundraising is done only through organizations, groups, and individuals for profit or non-profit, and the person who raises capital is also called a fundraiser.

Raising capital is vital for a nonprofit because it allows them to pursue their most important goals, contribute their resources, and partner with social partners to accomplish their work.

The company can do this in the form to raise funds for its benefit, and the names of all the forms are written below. You can read them: 

  • Offline events
  • Physical donations
  • Bank transfers
  • Large get-togethers
  • Crowdfunding
  • Auctions

Finally it is worth mentioning that fundraising is the 14th feature among the features of corporate finance.

Dividend Distribution Meaning

Dividend Distribution Meaning

Dividend distribution is a process in which an organization or company distributes some portion of its revenue among its shareholders.

This dividend can be paid to shareholders in stock, cash, or other assets, and usually its portion is paid at regular intervals such as quarterly, annually, and semi-annually. You all have learned in what form dividends are distributed to shareholders.

The dividend is announced by the board of directors of each company. The company’s board of directors decides the timing and amount of the dividend, keeping in mind the company’s cash flow and future investment needs.

But in some cases, for specific dividends, it is very necessary to present the shareholders of the company during the annual general meetings.

It is also very important for you to know what types of dividends are distributed to the shareholders. we have done below:

  • Cash Dividends
  • Stock Dividends
  • Special Dividends
  • Property Dividends
  • Liquidating dividends

Finally it is worth mentioning that dividend distribution is the 15th feature among the features of corporate finance.

Explanation of Estimating Financial Requirements

Explanation of Estimating Financial Requirements

Estimating financial requirements is a very crucial aspect of corporate finance because estimating financial requirements can determine how much capital is needed to achieve the long-term strategic goals of the company or organization.

These financial goals can be of many types, such as investing in new projects and improving infrastructure. A variety of considerations and steps are involved in estimating financial needs to ensure that the company or organization can secure capital at the right time and in the right capacity.

Estimating financial requirements is a very lengthy process. If a company or organization estimates their financial requirements regarding these processes, they can easily achieve the long-term goals of their company. 

Hence, we have written all its procedures step by step and below and these steps are crucial steps of features of corporate finance:

  • Assessing Business Objectives and Strategy
  • Forecasting Financial Statements
  • Identifying capital expenditure requirements
  • Working Capital Management
  • Determining Funding Sources
  • Risk Assessment and Contingency Planning
  • Cost of Capital and Financial Leverage
  • Implementation and monitoring
  • Scenario analysis and stress testing

By following the given initial steps, an organization or company can effectively estimate all its financial requirements very easily.

It also ensures that the company manages its financial risks and achieves all its strategic operational goals easily. whether there is sufficient capital to acquire.

Finally it is worth mentioning that Estimating financial requirements is the 16th feature among the features of corporate finance.

Explain Financial Activities Meaning

Explain Financial Activities Meaning

Financial activities means that they are the transactions and initiatives that companies and individuals use to achieve their financial goals.

Financial activities include and take the form of buying and selling products or assets, maintaining accounts and issuing stocks.

There are many types of financial activities within corporate finance and all these financial activities play a huge role, knowledge of all its activities is very important, we have described all these activities below:

  • Capital Budgeting
  • Capital Structure Management
  • Working Capital Management
  • Financial Planning and Analysis (FP&A)
  • Risk Management
  • Mergers and Acquisitions (M&A)
  • Financial Reporting and Compliance
  • Investor Relations
  • Strategic Financial Management

All the financial activities of features of corporate finance involve a proper series of tasks aimed at managing all the financial resources of the company in a much more effective manner.

If a company takes into account all the financial activities given above, it can achieve its financial objectives and long-term growth much faster.

Finally it is worth mentioning that financial activities is the 17th feature among the features of corporate finance.

Legal Requirements Meaning in Corporate Finance

Legal Requirements Meaning in Corporate Finance

Legal requirements are the mandatory rules and standards that a company or organization must follow when managing its financial operations and when dealing with and negotiating with investors.

All these legal requirements were designed to assure transparency, fairness, and the overall morality of the financial markets and that’s requirements are most important feature among features of corporate finance.

You may also be wondering which legal requirements these are. That is why we have talked about all the legal requirements below:

  1. Securities Laws: Securities law is a regulatory framework that comprehensively governs businesses and disclosure.
  2. Corporate Governance: This includes the rules and practices that determine who controls and directs a company or organization.
  3. Anti-Fraud Provisions: Anti-fraud provisions include laws that decide how to prevent fraudulent practices.
  4. Financial Reporting and Auditing Standards: Financial Reporting and Auditing Standards are standards governing the auditing and presentation of financial statements.
  5. Capital Adequacy and Solvency Regulations: The rules under the Capital Adequacy and Solvency Regulations ensure that a company has enough capital to cover all its obligations and risks.

Finally it is worth mentioning that legal requirements is the 18th feature among the features of corporate finance.

Finance Options in Corporate Finance

Finance Options in Corporate Finance

Under corporate finance, several finance options are available for the company to finance its day-to-day and all other expenses so that it can easily sustain its long-term growth.

All these finance options are classified under debt financing and equity financing, and a company needs any of these options to cover its expenses; hence, we have discussed all these finance options below:

  • Bank Loans
  • Corporate Bonds
  • Lease Financing
  • Private Placements
  • Angel Investors
  • Initial Public Offering (IPO)
  • Asset-Based Lending
  • Venture Capital

All financial options have their own benefits and considerations in terms of risks, controls, and implications and these options are a important part of features of corporate finance.

All companies and organizations usually analyze all aspects of their specific circumstances to determine whether they may not face some type of crisis in the future.

A company or organization’s choice of any finance option depends on several factors such as the company’s market conditions, its objectives, needs and capital structure.

All these factors are carefully evaluated so that the company can choose the most suitable finance option to achieve its strategic goals and long term success.

Finally it is worth mentioning that finance options is the 19th feature among the features of corporate finance.

What is the Meaning and Definition of Financial Planning?

What is the Meaning and Definition of Financial Planning?

We have understood the meaning and definition of financial planning in the following paragraphs in much more detail, so you can get complete information in detail.

Financial planning is very important in features of corporate finance because it is a process that helps these companies and organizations achieve their financial needs and goals with some strategy.

Financial planning takes into account a company’s circumstances and the broader economic context to determine which investments and activities will be best suited to quickly achieving your financial goals.

The main goal of financial planning is to develop the fiscal school as much as possible. Which helps us achieve all our revenue targets while maintaining the day-to-day operations of the company.

Financial planning is used to achieve long-term and short-term goals for the company, but usually short-term plans are more adaptable and less uncertain.

Financial planning is a very big process that includes many types of steps, so we have written down all the steps of this process, which will make the financial planning of your company easier:

  • Set financial goals and objectives.
  • Assess the current financial position.
  • Forecast financial needs
  • Develop Budgets
  • Evaluate investment opportunities.
  • Determine financing options.
  • Optimize working capital.
  • Mitigate financial risks.
  • Monitor and review performance.
  • Communicate and iterate.

Finally it is worth mentioning that financial planning is the 20th feature among the features of corporate finance.

Explain Bank Loans Meaning

Explain Bank Loans Meaning

Bank loans are a very essential source of financing for any company, with the help of which the company or organization can meet its financial needs and bank loans are a crucial feature in features of corporate finance

Under bank loans, companies receive a specific amount from the lender, but they receive the amount as per a fixed time period and must be repaid with interest.

Bank loans are usually structured through a loan agreement between a company borrowing capital and a commercial bank.

This question must have come to your mind about how bank loans work in corporate finance, so we have explained all their functions below: 

  • Loan Agreement
  • Loan Amount
  • Interest Rate
  • Repayment Schedule
  • Collateral Requirements
  • Covenants and Restrictions
  • Loan Repayment

By understanding the various requirements and conditions of bank loans, companies can effectively manage all their debt obligations and also take advantage of finance options to achieve their strategic objectives in corporate finance.

Finally it is worth mentioning that bank loans is the 21st feature among the features of corporate finance.

Connecting with Other Divisions in Corporate Finance

Connecting with Other Divisions in Corporate Finance

In corporate finance, collaboration and effective communication with other divisions are also very important to maintain the financial health of the company and achieve strategic objectives.

This question must have come to mind for all of you: how does corporate finance connect with other divisions? Your question is also justified; hence, we have written down all the tracks on how they connect with other divisions.

  • Operations Division
  • Marketing and Sales Division
  • Human Resources (HR) Division
  • Research and Development (R&D) Division
  • IT Division
  • Legal and Compliance Division
  • Strategic Planning Division

Effective integration of the features of corporate finance with other characteristics enhances a company’s decision-making ability, optimizes the allocation of resources, and ensures that all parts of the company are working under common financial direction.

Finally it is worth mentioning that bank loans is the 22nd feature among the features of corporate finance.

Proper Planning and Control in Corporate Finance

Proper Planning and Control in Corporate Finance

Proper planning and control in corporate finance are essential to ensuring that a company manages its financial resources effectively, meets its strategic objectives, and maximizes shareholder value. 

A strategic financial plan serves as a cornerstone of feature of corporate finance, and financial planning involves setting clear financial goals that align with a company’s overall strategic objectives. 

Performance monitoring and control are of utmost importance to keep track of a company’s performance and ensure that it remains on track to meet its financial goals.

There are many components in corporate finance that require proper planning and control, which have a huge role in planning, controlling and features of corporate finance. 

For this reason, that’s why  It is very important for you to know about it, so we have listed all its components below: 

  • Strategic financial planning
  • Budgeting
  • Capital Budgeting
  • Working Capital Management
  • Risk Management
  • Performance Monitoring and Control
  • Internal Controls and Compliance
  • Communication and reporting

Finally it is worth mentioning that Proper planning and control is the 23rd feature among the features of corporate finance.

In Conclusion

In Conclusion

During this blog, we have discussed in detail about the features of corporate finance in which we have talked about all its components, work etc.

By reading this blog you must have understood that corporate finance is one of the most essential parts and features of corporate finance of the success of a business.

Its wide areas plays a important role also include the activities, elements and functions of corporate finance.

In this blog, we discussed various functions of corporate finance like risk management, legal requirements, fundraising etc. and with this we hope that you have learned something or the other about corporate finance from this blog.

FAQs

Q1. What is the main objective of fundraising?

A1. The main objective of fundraising is to raise specific money that the company uses to maintain all its missions and maintain its relevance in its market. because fiundraising are the most essential in features of corporate finance.

Q2. What is the role of banks in corporate finance?

A2. All banks play a huge role in corporate finance, as they act as intermediaries between a borrower and a depositor in every company or organization. banks also plays a most essential role in features of corporate finance

Q3. What is the formula for the working capital current ratio?

A3. The working capital ratio shows how much capital a company has that can meet all its bills and how much it can save for other occasions. this formula works is also suffiicient in features of corporate finance.
Working capital formula: current assets ÷ current liabilities

Q4. What are the five stages of risk management?

A4. Under risk management, various types of risks are managed , which should maintain the financial health of the company, but its five steps are listed below:
Step 1: Identifying Risks
Step 2: Risk Assessment
Step 3: Prioritizing the Risks
Step 4: Risk Mitigation
Step 5: Monitoring the Results 

Q5. What are the four main functions of cost management?

A5. With the help of cost management, the cash flow of any company can be maintained in a very good way, which helps them in maintaining their expenses, and with its functions, this cost management can be made even more effective in features of corporate finance; That’s why its four functions are listed below:
Resource planning
Cost estimating
Cost budgeting
Cost control

Q6. What is the scope of financial planning?

A6. Financial planning is a very good way in which a company can stabilize itself financially and achieve strategic financial goals. Therefore, the scope of financial planning is very wide in various areas and features of corporate finanace, like:
Budgeting
Investing
Tax planning
Retirement planning
Risk management
Estate planning

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