| Finance is a systematic discipline which analysis how individuals, business firms and certain groups make money and its usage. This field mainly focuses on the efficient allocation of liabilities and assets. It is a field of science that directly relates with investments. Money plays a prominent role in the shaping the individual's life, and well-being of any nation. Finance is an integral part of everyday activity, which seeks for prosperity and development in every nation. The principle focus of finance is lending and borrowing funds for a specified time period along with related risk factors. For transacting funds to organizations, firms, and individuals to run their businesses, banks act as financial intermediaries. The branch of finance is sub categorized as corporate finance, which deals with corporate financial activities. Personal finance is concerned with banking activities such as housing and car loans, fixed deposits, and other financing activities at individual level. The management of finance itself is apprehensive about drafting and controlling the financial reserves of the concerns. As one of the foremost academic discipline, in recent time's financial management and its related objectives, scope, and functions has undergone drastic fundamen¬tal changes. |