Areas of finance

Jun 21st, 2015
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Finance is a field that deals with the allocation of assets and liabilities over time under conditions of certainty and uncertainty. Finance also applies and uses the theories of economics at some level. Finance can also be defined as the science of money management.

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Financeis a field that deals with the allocation ofassetsandliabilitiesover time under conditions of certainty and uncertainty. Finance also applies and uses the theories ofeconomicsat some level. Finance can also be defined as the science of money management. A key point in finance is thetime value of money, which states that purchasing power of one unit of currency can vary over time. Finance aims to price assets based on their risk level and their expectedrate of return. Finance can be broken into three different sub-categories:public finance,corporate financeandpersonal finance.Contents[hide]1Areas of finance1.1Personal finance1.2Corporate finance1.2.1Financial services1.3Public finance2Capital3Financial theory3.1Financial economics3.2Financial mathematics3.3Experimental finance3.4Behavioral finance3.5Intangible asset finance4Professional qualifications5See also6References7External linksAreas of finance[edit]Wall Street, the center of American finance.Personal finance[edit]Main article:Personal financeQuestions in personal finance revolve around:Protection against unforeseen personal events, as well as events in the wider economyTransference of family across generations (bequests and inheritance)Effects of tax policies (tax subsidies and/or penalties) on management of personal financesEffects of credit on individual financial standingPlanning a secure financial future in an environment of economic instabilityPe

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