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Finance: Finance is a body of facts, principles and theories dealing with the rising and using of money by individuals, businessman and government.
Simply, finance can be defined as the art and science of managing money
Virtually all individuals and organizations earn or raise money and spend or invest money. Finance is concerned with the process, institutions, markets instruments involved in the transfer of money among individuals, businesses and government. Most people will benefit from an understanding of finance, which will enable them to make personal financial decisions. those , who work in financial jobs will benefit by being able to interface effectively with the firm's financial personal, process and procedures.
The field of finance embraces many sub areas, including personal finance, financial institutions and managerial finance.
Managerial Finance: Managerial Finance is concerned with the duties of the financial manager in the business firm. Financial manager actively manage the financial affairs of any type of business - financial and non-financial, Private and public. large and small profit-seeking and not-for-profit. They perform such varied financial tasks as planning extending credit to customers, evaluating proposed large expenditures, and raising money to fund the firm's operations.