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Questions and Answers
Finance is the ________ of money act of making money available + the administration and control so that it could be properly utilized
Finance is the ________ of money act of making money available + the administration and control so that it could be properly utilized
science
Financial management involves planning, organizing, coordinating of raising, investment and ________ of funds for achieving goals of the organization
Financial management involves planning, organizing, coordinating of raising, investment and ________ of funds for achieving goals of the organization
distribution
Raising of funds in finance involves determining when, source, how much, which form, and ________
Raising of funds in finance involves determining when, source, how much, which form, and ________
cost
Investment of funds in finance can be for fixed assets (capital budgeting) or ________ assets (working capital management)
Investment of funds in finance can be for fixed assets (capital budgeting) or ________ assets (working capital management)
Three key areas of finance are raising of funds, investment of funds, and ________ of funds
Three key areas of finance are raising of funds, investment of funds, and ________ of funds
Finance studies ________ and its management.
Finance studies ________ and its management.
What is meant by ________.
What is meant by ________.
Financial management involves planning, organizing, coordinating of raising, investment and ________ of funds for achieving goals of the organization.
Financial management involves planning, organizing, coordinating of raising, investment and ________ of funds for achieving goals of the organization.
Three key areas of finance are raising of funds, investment of funds, and ________ of funds.
Three key areas of finance are raising of funds, investment of funds, and ________ of funds.
Raising of funds in finance involves determining when, source, how much, which form, and ________.
Raising of funds in finance involves determining when, source, how much, which form, and ________.
Flashcards
What is finance?
What is finance?
The science of money; the act of making money available, including its administration and control for proper utilization.
What is financial management?
What is financial management?
Involves planning, organizing, and coordinating the raising, investment, and distribution of funds to achieve organizational goals.
What does raising funds involve?
What does raising funds involve?
Determining the timing, source, amount, form, and cost of acquiring funds.
What does investment of funds entail?
What does investment of funds entail?
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What are three key areas of finance?
What are three key areas of finance?
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Study Notes
Definition of Finance
- Finance involves the act of making money available and managing it for proper utilization.
- It encompasses the administration and control of financial resources.
Financial Management
- Consists of planning, organizing, and coordinating the raising, investment, and management of funds.
- Aims to achieve the financial goals of an organization.
Raising of Funds
- Involves determining when to raise funds, identifying sources, amount needed, selection of form, and conditions.
- Critical for ensuring sufficient capital for operational and strategic needs.
Investment of Funds
- Can be allocated to fixed assets through capital budgeting (long-term investments).
- Also applies to current assets via working capital management (short-term investments).
Key Areas of Finance
- Focus includes raising funds, investing funds, and managing funds.
- These areas are essential for ensuring the stability and growth of an organization.
Purpose of Finance
- Studies how money is generated, allocated, and controlled within various contexts.
- Financial management is crucial for maintaining the organizational framework for effective funding utilization.
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