Tuesday, May 17, 2011

Finance

The term finance should be understood in two perspectives- finances as a resource and finance as a discipline . Finance as a resources, refers to monetary means of financing asstes of an entity. Finanace, as a discipline or a suject of study,describes how individuals , governments, and corporate organizations manage the flows of money through an organization. In other words. it tells us how people make decisions about the collection and allocation of resources in organizations like corporation, school, bank or government agency. therefore , it is important for all -indidviduals , business , governments, and non governments organizations to appreciate the significance of finanace in their day to day business.
Finance was a branch of economics till the closure of nineteenth century .Finance as a separate academic discipline is still evolving.practicing managers and academicians have been contributing in its expansion and enrichment . at the present state , the academicdiscipline if finance includes tha following specialized areas in its scope

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