Finance Assignment Help

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What is Finance?
By Assignments4u.com
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Finance

• Needs of Finance?
• Need for managerial Business.
• Need to Run a business.
• Need for input Operations.
• Definition
• Finance is concerned with decision about money
  or more appropriately cash flows.Scott and
  Brigham

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Approaches of Finance

• Traditional Approach
• Mordern Approach

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Traditional approach

• According to this approach, the scope of the
  finance function is restricted to procurement of
  fund by corporate enterprise to need their
  financial needs.
• The term procurement refers to raising of fund
  externally as well as the inter-related aspects
  of raising funds.

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Mordern Approach

• According to mordern approach the term finance
  provides a conceptual and analytical framework
  for financial decision-making. That means, the
  finance function covers both acquisition of funds
  as well as their allocation.
• The new approach views the term finance in a
  broader sense. It is viewed as an integral part
  of over-all management.

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