CIFA/CPA:PUBLIC FINANCE AND TAXATION NOTES INTERMEDIATE LEVEL
| Institution | KCA University |
| Course | CIFA |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | Michael Paul |
| File Type | |
| Pages | 317 Pages |
| File Size | 1.94 MB |
| Views | 700 |
| Downloads | 2 |
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Description
Public finance is related to the financing of the state activities and a narrow definition of the public finance would try to say that public finance is a subject which discusses the financial operation of the fiscal or of the public treasury.
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CIFA;Introduction to finance Investment Notes Foundation Level
Meaning of finance
The term finance should be understood in two perspectives - finance as a resource and finance as a
discipline. Finance, as a resource, refers to monetary means of financing assets of an entity. Finance
as a discipline or subject of study, describes how individuals , governments and corporate
organizations manage the flows of money through an organization. In other words, finance tells how
people make decisions about the collection and allocation of resources in organizations like
corporation, school, bank or government agency. Therefore, it is important for all individuals,
businesses, governments and non-government organizations to appreciate the significance of finance
in their day-to-day businesses.
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