Receivables management refers to the planning and controlling of ‘debt’ owed to the firm from customers on account of credit sales.

Cash management deals with the optimization of cash as an asset and for this purpose, the financial manager has to make various decisions from time to time.

The cost of capital refers to the minimum rate of return that a company must achieve on its investments in order to ensure that the market value of its equity shares either increases or remains at the same level.

Finance function may be defined as that administrative area or set of administrative functions in an organisation which relates with the arrangement of each and credit so that the organisation may have the means to carry out the objectives as satisfactorily as possible”