Finance Business Resource: Finance Defination and Function

Finance Defination and Function

Definition of Finance:The word ‘Finance’ came from the Latin word ‘Finis’ which means ‘dealing with the money’.

Finance is the process of financial planning, identification of sources of fund, raising of fund, investment of fund, protection of fund, distribution of profit to achieve the goal of the organization.
Finance is the study of financial institutions and financial markets and how they operate within the financial system in both the domestic and global economies.

Functions of finance:

1.Financial planning
2.Identification of sources of fund
3. Raising of funds
4.Investment of funds
5.Protection of funds
6.Distribution of profit.