Fundamentals of Finance is a basic course for all major students in BBA, MBA or any other business related program.
Finance is the process of transferring fund from surplus economic sector to deficit economic sector. Virtually all individuals and organizations earn or raise money and spend or invest money. Finance is the processes by which money is transferred (financing and investing) among businesses, individuals, and governments.
Finance is also known as the management of money, credit, banking and investments
Types of Finance
Private Finance, which includes the Individual, Firms, Business or Corporate Financial activities to meet the requirements.
Public Finance which concerns with revenue and disbursement of Government such as Central Government, State Government and Semi-Government Financial matters.
Business Finance: Business finance is that business activity which concerns with the acquisition and conversation of capital funds in meeting financial needs and overall objectives of a business enterprise”.
Corporate finance is concerned with budgeting, financial forecasting, cash management, credit administration, investment analysis and fund procurement of the business concern and the business concern needs to adopt modern technology and application suitable to the global environment.