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BUSINESS FINANCE-Money required for carrying out business activities is called business finance. Finance is needed to establish a business, to run it, to modernize it, to expand, or diversify it.It is required for buying a whole variety of assets, they may be tangible like machinery, factories ,buildings, offices; or intangible such as trademarks

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1 1.1 FinanceFinance can be defined as the art of and science of managing money. Finance is concerned with the process, institutions, markets and instruments involved in the transfer of money among individuals, business and governments. Managerial finance is concerned with the duties of the financial manager in the business firm.Finance came form Latin word Finis means dealing with the money .Finance is called the art and science of managing money.Finance is the process of organizing the flow of funds so that a business can carry out its objectives is the most efficient manner and meet its obligations as they fall due. Renneth Midgely & Ronald Burns.Finance is concerned with the process, institution, markets and instruments involved in the transfer of money among and between individuals, business and government. Lawrence J GitmanFinance means to arrange payment for it. They observe that finance may be generally defined as the study of money its nature , behavior , regulation and problems. George Christy &Peter Roden 2

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