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Finance is an important part of every industry, so it's essential for any business to have a good grasp on the field. Whether you're interested in learning about financial management or how to budget your money, our expert authors can help.

Transcript

Finance is a broad term that refers to the management of money and other financial resources. Finance can be defined as the art of managing money, revenue, and expenditure.Using financing techniques, we can take advantage of opportunities and manage our risks. However, any decision made has both costs and benefits associated with it; this is known as an investment or financing decision. The cost of using capital to finance investment may include interest charges on borrowed funds or the forfeiture of interest on some deposits.

Finance can be a scary word, but it doesn't have to be. Whether you are trying to decide if the next step in your career should require an MBA or just want to know how much that new car is going to cost you, understanding basic financial terms and concepts can help remove some of the mystery from your decision making process.