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Questions and Answers
What is the definition of finance?
The art and science of managing money.
Which of the following are included in the concept of finance? (Select all that apply)
Finance is only concerned with the procurement of funds.
False
Who are the authors cited regarding the definition of finance?
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What is one of the primary objectives of financial management?
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The finance function is the procurement of funds and their effective utilization in __________.
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When is the online discussion scheduled to happen?
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What are the two categories of learning strategies mentioned in the module?
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Study Notes
Financial Management Overview
- Laguna State Polytechnic University offers a self-paced learning module for the Financial Management course.
- Duration: August 19 - September 20, 2024; covering five weeks.
- ISO 9001:2015 certification and Level I institutional accreditation highlight the university's quality standards.
Module Content
- Introduction to financial concepts such as definitions, types, and objectives of finance.
- Exploration of financial management and its significance in business operations.
- Functions of finance managers are also examined.
Learning Outcomes
- Ability to explain the various types of finance.
- Distinguish between general finance and business finance.
- Discuss the objectives of financial management comprehensively.
- Enumerate the key functions performed by finance managers.
Student Learning Strategies
- Online discussions scheduled via Google Meet to facilitate learning through educational technologies.
- Class timings available:
- 10:30 am to 12:00 pm
- 8:00 pm to 9:30 am
- 8:30 am to 10:00 am
- Access to online discussions is provided through specific Google Meet links.
Definition and Concept of Finance
- Finance is defined as both an art and science focused on managing money effectively.
- Encompasses financial services, financial instruments, capital, funds, and monetary amounts, each with distinct meanings.
- The essence of finance involves procuring funds and utilizing them efficiently within business contexts.
Important Definitions
- According to Khan and Jain, finance involves both artistry and scientific principles in money management.
- The Oxford Dictionary indicates that finance primarily relates to the management of money.
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Description
Explore the essentials of Financial Management in this first module designed for the First Semester of 2024-2025 at Laguna State Polytechnic University. Learn key concepts and principles that form the foundation of financial decision-making. This self-paced learning module is perfect for developing a strong grasp of financial management basics.
