Sophistication in the use of financial control in the internal management process of a firm has projected the finance function. It has become an increasingly important part of the firm’s general management. Corporate Credit is regarded as an important consideration when making difficult financial decisions. In the past, the financial officer was simply told how much money the firm needed and then was given the responsibility for obtaining these funds. Today, the financial manager is confronted with fundamental questions about the operation of the business enterprise. Most Shelf Corporations, for instance, may take the following questions as guide: How large should an enterprise should be and how fast should it grow? In what form should it hold its assets? What should be the composition of liabilities?
