introduction to business finance

Jul 6th, 2016
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introduction to business finance will help you undustand the concept involved in finance and how best to provide money for the use in an enterprise as and when it is needed.

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INTRODUCTIONWhat is Business Finance?This is how best to provide money for the use in an enterprise as and when it is needed. This isthe duty of an accountant or a financial manager. The finance manager may raise money from:1. Owners money-Owners equity-For small business this is personal saving or for limitedcompanies. This is composed ordinary shares capital and reserves. Ordinary share capitalis finance contributed by the owners of the business (ordinary shareholders). Also acompany will retain some finance over some time which is also part of the ownersmoney. Any company should tap a large part of its financial resources from this source asthis is the base on which other finances can be raised.2. Other parties money; these may include:- preference shareholders. These providepreference share capital to the companyi)Creditors finance, e.g. loans, debentures, hi

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