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Finances is the management of cash as well as other resources includes banking, investing, budgeting, and forecasting. It entails determining risk and return, examining financial records, putting together financial strategies, managing debt, and allocating resources.
The term finance, has alot of definition and meanings depending on how individuals see it. finance has to do with money and sponsorship in terms of cash flow.
Accounting is very important if any business intends to do great, as accounting would show you what you are doing and also the aspects where you can improve on.One of the most interesting aspect of finance is managing the accounts of the business and this also includes financial accounting as well. The fact remains that financial accounting is quite important.
Well I think finance can be defined by individuals in a different manner. finance comprised of any thing that has to do with money transactions. funding, and also management.
There are many people who always like to use the term "finance". The fact remains that finance is one of the most used terms when it comes to business and trading. I think that finance refers to capital, and money in general. However, this term could be used in a really broader manner. So, what thing comes into your mind when we talk about finance?
You are right and I don't think you can run a business without the help of finance because it will be the one to implement some actions in the business so it is needed
Finance has to do with money and it is always about money. This is why it is mostly believe that you cannot run a business without the financial aspect because it is the capitalFinance refers to capital. Capital is necessary when it comes to running business because you have to bear expenses and this is why finance is important in the first place.
Actually finance, means alot of thing depending on how individuals used the word.
It has to do with all monetary activities such as fund raising, budgeting and planning, investment and all issues that has to do with money.
There is no way an organisation will be able to operate without finances. Even nonprofit organisations usually solicit for funding from the public. I think that tells you that no business can actually run without finances.I think that finance is a very important part of any kind of organisation. Activities related to money are also known as "financial activities" and this suggests that finance has many meanings.
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