Finwords.co.nr

The purpose of this blog is to clear financial concepts, aspects....

before that let us see what is finance ?

Finance in simple it's art and science of managing money. Finance in broader view it deals with two things ie., Financial service and financial management.

In the above passage three new terms are there - Money, Financial Service & Financial Management. what are they ? what they mean hear ? are the questions which will arise in our mind when we read it. Let us one by one briefly now

Money - Its medium of exchange.
Financial Service - its concerned with design and delivery of advice and financial products to individuals, business and governments.
Financial Management - its concerned with the duties of the financial manager in the business firm.

This is what the finance in general.