Finance function is recognized as a separate function of an organization as it is a very important function. 

The objectives of the financial management are as follows: 

a. Finance function is responsible for raising funds from different sources. These sources include long term sources like bank loan, venture capital, Owner’s equity, share market. The short term sources include bank overdraft, short term loans, etc. 

b. Personnel in the finance function are responsible for recording the financial transactions, generating financial reports and further reporting them for decision making. 

c. The finance function also takes care of disbursing funds for different business operations. For instance funds are needed for procuring raw materials, machinery, paying bank interest and dividend to the shareholders 

d. The personnel in the financial function should also act as an advisory to other departments for facilitating the decrease in the expenses and suggesting avenues for increasing profits.