Definition Of Business Finance By Different Authors

Finance is defined in numerous ways by different groups of people.

Definition of business finance by different authors. Though it is difficult to give a perfect definition of finance following selected statements will help you deduce its broad meaning. In general sense finance is the management of money and other valuables which can be easily converted into cash 2. Here are some of the definitions of finance by different authors. Finance and business finance definition.

Definition of finance according to various authors. Finance is concerned with the process institutions markets and instruments involved in the transfer of money among individuals business and governments gitman finance is concerned with a decision about money or more appropriately cash flows scott and brigham. There are three main types of finance. The technical definition of strategy is the plan which and principles with the tactics relating to use of the technologies in the business.

1 personal 2 corporate and 3 public government. Area of economic activity in which money is the basis of the various embodiments whether stock market investments real estate industrial construction agricultural development so on. Business definitions by different authors like keith gul bellin boono krutz lewis h haney james stephenson buskirik green robgers and others business is a wide term and signifies all economic activities carried on with the objective of earning money or profit or gain. Borrowing investing lending budgeting and projecting future revenue are all part of business finance.

Even if your company generates a good income poor business finance management can leave you in a tight spot. In order to enhance business development one must study and understand the concepts of finance thoroughly. Definition of finance by different authors. After analyzing above discussion and definitions of authors we can define finance as finance is the application of financial planning for individuals businessmen financial institutions social institutions and government in order to collect money from short term mid term and long term convenient sources to ensure the actual investment reserve coordination and control according to that.

According to well known professors william pride robert hughes and jack kapoor business is the organized effort of individuals to produce and sell for a profit the goods and. The definition of finance has always observed that it is subjected to improvisations. Business finance is the art and science of managing your company s money.