What is FinanceFinance is the art and science of managing money.
Art in the sense that because we have to get the money from the individual and organization. Means we have to use others money for our benefit. So, convincing others to give us money is an art because it require the perceptions and thinking from other point of view.
Science in the sense that we use different internationally accepted principals for the proper utilization of funds. And we use different theories and principals in finance.
Areas and Opportunities
Areas of finance are in which we can chose our career opportunities. In this we have Financial Services and Managerial Finance.
Financial services is the area in which we provide consultancy services and sell the advice and idea. Many organization are doing this job in which audit firms and credit rating companies are the best examples.
Managerial Finance relates to the functions of an operational manager in which he/she is performing his duties. His duties include the managing the financial resources of the organization, planning about the execution of different projects, selecting the alternatives, etc.
Art in the sense that because we have to get the money from the individual and organization. Means we have to use others money for our benefit. So, convincing others to give us money is an art because it require the perceptions and thinking from other point of view.
Science in the sense that we use different internationally accepted principals for the proper utilization of funds. And we use different theories and principals in finance.
Areas and Opportunities
Areas of finance are in which we can chose our career opportunities. In this we have Financial Services and Managerial Finance.
Financial services is the area in which we provide consultancy services and sell the advice and idea. Many organization are doing this job in which audit firms and credit rating companies are the best examples.
Managerial Finance relates to the functions of an operational manager in which he/she is performing his duties. His duties include the managing the financial resources of the organization, planning about the execution of different projects, selecting the alternatives, etc.
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