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CIFA;Introduction to finance Investment Notes Foundation Level
| Institution | KCA University |
| Course | CIFA |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | Michael Paul |
| File Type | |
| Pages | 190 Pages |
| File Size | 1.53 MB |
| Views | 654 |
| Downloads | 4 |
| Price: |
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Description
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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