Financial Management
Finance – An Introduction
Finance in Relation to Other Allied Disciplines
It cannot function effectively unless it pays attention to the disciplines closely related to the finance
function. Management relies heavily on accounting for operational facts. Accounting Richard M. Lynch
and Robert W. Williamson also described it as "the measurement and communication of economic and
financial data". In fact, accounting information relates to the production, sales, expenses, investments,
losses and gains of the business. Accounting has three branches namely financial accounting, cost
accounting and management accounting.
Relationships between Finance and other Disciplines
Primary Disciplines Support
s
1. Accounting Finance Decisions
2. Economics
3. Taxation Investment,
Working capital,
Other Disciplines Leverage
1. Operations Research
2. Production Support Dividend policy
s
Finance – An Introduction
Finance in Relation to Other Allied Disciplines
It cannot function effectively unless it pays attention to the disciplines closely related to the finance
function. Management relies heavily on accounting for operational facts. Accounting Richard M. Lynch
and Robert W. Williamson also described it as "the measurement and communication of economic and
financial data". In fact, accounting information relates to the production, sales, expenses, investments,
losses and gains of the business. Accounting has three branches namely financial accounting, cost
accounting and management accounting.
Relationships between Finance and other Disciplines
Primary Disciplines Support
s
1. Accounting Finance Decisions
2. Economics
3. Taxation Investment,
Working capital,
Other Disciplines Leverage
1. Operations Research
2. Production Support Dividend policy
s
