2. INTRODUCTION TO FINANCE
Finance is the management of large amounts of money especially by government
or large companies. Finance is a branch of economics that is related with
resource management, resource allocation and investment.
3. FEATURES OF FINANCE
There are five features of finance:
1. Profitable Opportunities
2. Investment Opportunities
3. Optimal fix of funds
4. Future Decision Making
5. System of Internal controls
4. TYPES OF FINANCE
Study of finance is divided into various sub-categories. The different categories of
finance are:
1. Corporate Finance
2. Personal Finance
3. International Finance
4. Public Finance
5. Behavioral finance
5. CORPORATE FINANCE
Corporate finance is that area of finance which deals with sources of funding and
capital structure of corporations. It involves the actions taken by the managers to
increase the value of the firm and also acts as a tool that is used to allocate
financial resources.
6. PERSONAL FINANCE
The financial decision at individual level is a part of personal finance. In personal
finance, an individual or a family save and spend monetary resources over time
taking various financial risks and future life events into account.
7. INTERNATIONAL FINANCE
The financial activities that impact international trade, falls under the category of
international finance. For example: exchange rates and foreign investments are
the parts of international finance. It is concerned with the macroeconomic
interrelation between two or more countries.
8. PUBLIC FINANCE
Public finance is related with the role of government in the economy of a country.
It deals with the revenue that is generated by the government and expenditure by
the government.
9. BEHAVIORAL FINANCE
Behavioral finance is the modern field of economics that deals with the
psychology based theories that helps in understanding the stock market and its
anomalies. The behavior of traders, investors and consumers are analyzed in this
study.
10. WHAT IS THE NEED TO STUDY FINANCE ?
Finance can help a person to evaluate and control risk. The various uses of
finance are:
Understanding Economic Environment- Finance explains about the share markets
that can affect the decisions of a businessman which are involved in the share
market.
11. INTRODUCTION TO FINANCE
Personal Finances - When a person wants to invest in some opportunities then he
need to do some calculations in order to make decisions. So, to earn good profit
and to make some decisions, a person needs to have the knowledge of finance.
12. WHAT IS THE NEED TO STUDY FINANCE ?
Application to business - Every job must be able to manage a budget that requires
funding. And nothing is possible without the knowledge of financial concepts.
13. Get a deeper insight of finance with our finance assignment help
https://www.essaycorp.com/Finance_Assignment.html