Business finance grade 12 module 1 pdf

  • The finance function in business refers to the functions intended to acquire and manage financial resources to generate profit.
    It produces relevant financial resources and information contributing to the productivity of other business functions, planning, and decision-making activities.

Why does a business need finance?

Every business needs finance to function.
Finance is needed to establish a businessto run it to modernize it to expand or diversify.
It is required for buying of assets.
Itis helpful to managers and potential managers to make sensible investment andfinancing decisions.
Financial Management is the efficient and effective management of funds.


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