Business growth is best achieved by generating cash instead of consuming it. The finance function must demonstrate that it is capable of managing the cash requirements of the business.
Finance is the corporate management function that ensures organizations have adequate resources to achieve their objectives. Finance is commonly divided into three sub-functions: planning, control and execution.
Corporate finance is the function of a corporation that handles the money, either by raising it or investing it. Corporate finance is essentially an extension of financial planning and management, which in turn is an integral part of the overall corporate business planning process.
In Corporate accounting, company’s cash and cash equivalent balance is used to meet its day to day expenses. To fulfill such expenses, corporate finance team do have their own working methods like budgeting and capital budgeting.