The word FINANCE does not mean only providing the humans with monetary resources but this word has a wider scope n terms of monetary resources. Finance is concerned with resources allocation as well as resource management. It is also called as an act of providing money in any of the forms whether it is loan or capital. It is related to money whether it is investment,banking or credit.
It is a science of management and which not only provide money, but also put it in a right way. Finance basically address the useful ways by which various individuals and business organization allocate there monetary resources and use them successfully over time.
The discipline can be divided into long-term and short-term decisions and techniques. Capital investment decisions are long-term choices about which projects receive investment, whether to finance that investment with equity or debt, and when or whether to pay dividends to shareholders. On the other hand, the short term decisions can be grouped under
the heading "Working capital management". This subject deals with the short-term balance of current assets and current iabilities; the focus here is on managing cash, inventories, and short-term borrowing and lending (such as the terms on credit extended to customers).
FINANCE can be categorized in to namely branches-
1)PERSONAL FINANCE
2)CORPORATE FINANCE
PERSONAL FINANCE-
It is an application of the FINANCE which is restricted to the monetary decisions of an individual or family unit. As the world is changing at a fast rate and in order to match with the changes occurring in the near world. We should be prepared mentally,physically and most importantly with economically factors. The personal money management shows us the financial facts of life. Money plays a vital role but monetary resource management is mandatory to live in this world of hypocrites.
CORPORATE FINANCE-
Corporate finance deals with business areas. It is an area of finance dealing with financial decisions that business enterprises make. The primary and the secondary goal of corporate finance is to maximize corporate value while managing the firms risks. In other words we can say that corporate is not only about providing the organization with money but also
considering the corporate value and the financial risks the organization could face.
We have three kinds of business establishments namely-
1)MEGA CAP
2)MICRO CAP
3)MEDIUM CAP
Creditors Voluntary Liquidation : Licensed Company Creditors Voluntary Liquidation Lines Henry offer free initial consultations on all personal and corporate insolvency matters.