Finance is the main branch that helps in describing the activities related with banking along with credit, capital market and money. It represents the management of money in the better way which helps in fulfilling the needs of the entire business. It also includes the creation of money along with banking transactions and credit part that will help in making the financial system in better way. Most of the finance concepts are taken from micro and macro economic theories which are also important in our daily life.
Finance is the basic need of individual along with business and government entities that will need funds to operate on daily basis. Finance are divided into three main parts
- Personal finance-
The first step of financial planning is to analyze the current position of an individual then to formulate the strategies that are needed for future growth. This type of finance is related with individual situation along with his activity. All the strategies on finance will be based on earnings of the person. It will also cover down living requirements along with its main desires and goals. Most of the people save their future which require more saving in present. This main type of decision falls under person finance where individual are making their future secure by saving planning at present.
It will also include purchasing of financial products like credit cards along with insurance policies and different kinds of investments. Banking is one of the main parts of personal finance. It will also include in checking of saving accounts along with online payment services.
- Corporate finance-
This type of finance is needed to run a corporation which is the division of many departments for conducting financial activities. In this type of finance large companies will have to take decisions regarding rising of additional funds with the help of issue of bond of offering through stock. Firm will also come across with investment banks that will help them in such issues along with helping them in market securities.
If business wants to setup then in that case they will get capital from the investors and for that they have to share some kind of percentage in ownership. This will be the case in private sector. If the company decides to go into public then they have to issue shares to raise cash from the public. Apart from that company is also having the best option to take their projects according to their budgets. The decision taken by the firm will falls under corporate finance.
- Public finance –
It includes tax along with budgeting and policies on debt that will affect the government pays for offering the services to the public. The federal government helps in preventing market failure by seeing the right allocation of resources along with distribution of the income and economic stability. If the funding is done in regular basis then it is fully secured by taxation. If the burrowing is done from banks or from insurance companies then it will help in government spending.
Government bodies also face couples of issues regarding managing of money in day to day operations. Social programs are also introduced for tax paying citizen so that they can maintain the balance between in an economy for those people who have saved their money for future.
- Social finance-
It helps in analyzing theinvestments that are made in the form of charity to co-operative societies. Investment can be made in the form debt financing and equity financing. These types of investment help in gaining financial and social gain.
- Behavioral finance-
In this type of finance, planning about the financing is made on the basis of behavior that will include information about the structure along with its different market variants.
Thus these are the different kinds of finance that are studied by the individual so that they can take entire decision about the financing. Students will be going to study different subjects in fiancé that will clear their concepts in different subjects. They will also come across with some online and offline mode that will help them to solve their work properly. It will also help them to complete the work within the time frame allotted to them.
Topics covered in Finance
Students will be studying different subjects that will include
- Time value of money
- Ratio analysis
- Cash management
- Budgeting
- International flow of fund
- Cost of capital
- Inventory management
- Valuation of stock
These are the different subjects that can be easily studied in finance.
Importance of Finance in Business
Finance is very important as it helps in managing the different operations of the business. It helps in managing the financial resources in best way that will carry out financial activities smoothly and properly. All the main decisions are taken by the accounting professionals along with departments. How it is important for business let’s see:-
- For small capital–
Money is important as it will help in starting up of business; money is required for starting up of business. They have to take their entire decision regarding debt and equity financing. Thus we can say that money is needed in daily life for carrying out the small as well as big activities.
- For expenses–
As we know there are 2 kinds of business short term and long term. Short term business requires money for meeting operational expenses. It will include raw material along with inventory and payment of interest. If there is proper planning of finance for short term, then it will help the entire business to grow properly. If order to run everything smoothly there is need for adequate cash that is important for running small business smoothly.
- Creation of an asset along with scaling-
In long term business, capital is important for purchasing big assets like machinery along with land and equipment. More capital is required for scaling up of business along with creating big machinery that will help business to grow further.
- New market and product–
If there is no finance then business will not grow. They should have enough money to search for new product and market that will create more demand of the product in future era. All this will do with the help of adequate cash. Marketing will be done in proper way so that firm will explore more about the new product that will gain more attraction of the users.
- Cycle of business–
There are 4 cycles of business that will include growth stage, broom stage recession and depression. Business should also save cash for future period if they face some kind of downfall in that. Public or private entities can take more help from financial professionals that will help business to grow further.
- Planning and budgeting–
Finance is also needed for planning along with budgeting part so that they can make further plan according to the amount of capital that have for their business. Apart from that fiancé is also needed for hiring the employees along with raising market campaigns and management bonuses.
- Cost and planning of profit–
It will also include in planning of profit along with controlling the cost that will help business to take decision regarding that. It will also help in improving the productivity by proper utilization of scare resources without any wastage.
This subject is very important it can be studied in school along in colleges. Financial expert are greatly in demand without them daily operation in the business along in corporate entity is not possible. As we have seen above the importance of finance in every field. Students should also learn the importance of finance so that they can use financial tips in their daily life. But most of the cases we have seen that students face couple of problems in understanding the concepts of finance. In schools and colleges they are allotted with several projects and they are unable to do so. Some of the problems faced by them will cover down
Chapter’s concepts-
Most of the students will face couple of problems when they are unable to understand the chapter concepts. For this they should take the help from experts along with teachers who will help them to provide some basic notes that will help them to learn the entire concepts.
Admission problem-
Most of the students face problems in getting admission. They have to take tuitions regarding the entrance test so that they can easily take admission in reputed colleges.
Problem in practical part–
Students also face problems in understanding the practical part as it seems to be tough in nature. They can take the help from their friends which will guide them in every step to solve the practical part.
Homework assignments–
They are also completed in nature and students get assignments so that they can practice at home what they have leant in school or colleges. Their marks are depends on that, so that they can get good grades if they complete the assignment better and within the time frame.
What should be done for students?
There are many topics in finance which cannot be understood by the students easily. They can take the help from online experts which will prove better for them in different ways. They can take the facility of
Experienced staff–
Most of the students will take the facility of experienced staff which are into this field from many years and still they provide their main services so that students can achieve good grades.
Affordable services–
Students can take the benefits of affordable services which are less than the expensive tuitions. Students get different tips along with techniques that will help them ti complete their projects within the time frame.
Live chat facility-
Students can also avail the facility of live chat that can betaken by them anytime and anywhere. They can take them in morning or at night according to their comfortable mode.
How to avail their services?
Students can easily search from web different companies offering the services. They can choose the reliable company that will help in meeting the needs of the students in best way. They can simple login their account and search for the services offered by them. They can check the price of the concerned subject and then select the subject for which they want to avail the services. After that they can easily make the payment and start taking of the services according to their convenient mode.
Thus finance plays an important role in every field. Most of the students in schools and colleges are facing couples of problem. They are searching for various modes where they will get the better solution to get good grades they will come across with many offline and online modes that will work better in an effective way. These modes are best in nature as they will help in completing the work within deadline and students will also secure good grades.
Some of the best features of offline modes are that they are affordable in nature that meets the demand of the students with lower budget. The best part of them is that they are fully experienced in nature. They are working from last many years and still today they perform their work in best manner without creating any kind of problem to the students. The next best feature is that they provide the facility of live chat and are available for students for all 24 hours. If any time students want to avail help they are contact them any time according to their comfort ability mode.
Author bio:
Nancie L Beckett is an experienced expert in Finance field. She is having experience of last many years for delivering online tuitions to the students at reasonable price. She holds master degree and MBA in finance. She helps the students with her outstanding knowledge which helps them in completing the assignment before the fixed date. She has written many blogs on finance that help the students in understanding the main concept behind the topic.