2. What Is Finance
Finance is defined as the management of money and includes activities
such as investing, borrowing, lending, budgeting, saving, and
forecasting.
3. Why Do We Need Finance ?
• FINANCE is the function in a business responsible for acquiring funds for the
firm, managing funds within the firm, and planning for the expenditure of funds
on various assets. FINANCIAL MANAGEMENT is the job of managing a
firm’s resources so it can meet its goals and objectives.
4. 5 reasons why Finance is important in today’s
business
• Without financial management business cannot exists
• Adequate funds availability
• Cash flow management system
• Always keeping long term goals
• Financial Planning value and importance in a business