Financial Management Bangalore university | III Sem B.Com| Bangalore university
visit website https://sugarybloom.blogspot.com/ Unit 1: INTRODUCTION FINANCIAL MANAGEMENT Unit 2-Time value of money Meaning of finance Finance is needed for starting and establishing a business, to run it, to modernise it, to expand, or diversify it. It is required for buying a variety of assets, which may be tangible like machinery, factories, buildings, offices or intangible such as trademarks, patents, etc Finance is defined as the management of money and includes activities such as investing, borrowing, lending, budgeting, saving, and forecasting. The easiest way to define finance is by providing examples of the activities it includes like investing of personal money in stocks or bonds, or b orrowing money from investors by issuing bonds , or l ending money to people for buying a house, s aving personal money in a savings account, d eveloping a forecast for government spending and revenue collection etc. Science and ...