IMPORTANCE OF FINANCE FUNCTIONS

Jun 18th, 2015
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Business Finance is that business activity which is concerned with the acquisition and conservation of capital funds in meeting financial needs and overall objectives of business enterprises.Finance is the lifeblood and nerve center of a business, just as circulation of blood is essential in the human body for maintaining life;

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FINANCE.A branch of economics concerned with resource allocation as well as resource management, acquisitionand investment. Simply, finance deals with matters related to money and the markets.2. To raise money through the issuance and sale of debt and/or equity.BUSINESS FINANCEBusiness Finance is that business activity which is concerned with the acquisition and conservation ofcapital funds in meeting financial needs and overall objectives of business enterprises.Finance is the lifeblood and nerve center of a business, just as circulation of blood is essential inthe human body for maintaining life; finance is a very essential to smooth running of thebusiness. It has been rightly termed as universal lubricant that keeps the enterprise dynamic. Nobusiness, whether big, medium or small can be started without an adequate amount of finance.Right from the very beginning, i.e. conceiving an idea to business, finance is needed to promoteor establish the business, acquire fixed assets, make investigations such as market surveys, etc.,develop product, keep men and machine at work, encourages management to make progress andcreate values. Even an existing concern may require further finance for making improvement orexpanding the business. Thus the importance of finance cannot be over-emphasized and thesubject of business finance has become utmost important both to the academicians and practicingmanagers. The academicians find interested in the subject because the subje

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