FINANCE INTRODUCTION
FINANCE
FUNCTION OF FINANCE :-

* investing decision
* financial decision
* dividerd "
*equitity "

note:-goal of finance /firm
* agency relationship]
T he term"finance" is a most widely used word in the field of economic activity .in ordinary sense the term " finance" denotes money .finance is regarded as t he life-blood of business systems.as a human beings cannot live without blood so,business cannot run without finance.it is regarded as the key to success of a business firm .finance consists of money ,credit ,stock,bond etc.finance can be defined as art and science of managing money.the management of money means spending or invest of money.
"finance is the means by which funds are obtained and the methods by which these funds are managed and allocated .it implies that finance is both art and science ,it is science cause it provides knowledge as to how and at what time a firm should invest to outstrip other firms.on the other hand finance is also an art .the financial mangers should examine the different alternatives related to the raising and managing money .they should formulate the models to pr edict the results obtained from the use of any one alternative in this way finance is the combination of an art and science.

by santosh

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