Unit 4 Finance Assignment Support

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Finance is the management of resources (wealth, land, buildings or other properties) which is necessary for any operation in business or economic area. Therefore, the main features of finance are:
1. Investment opportunities can be obtained in the field of finance. This is done to get profit after time.
2. Finance is usually intended for profit. But the chosen benefit is usually the vision with a long-term goal which helps in establishing a profitable market.
3. It is also related to the rules and regulations made in the finance venture. Based on the need for change in the organization, these rules and regulations are examined from time to time.
4. Enterprises are usually a mix of ownership and borrowed funds to achieve the profitable goal of the enterprise.
5. Helps to make future decisions for finance business. A good finance business or firm's profit shows.
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There are many areas in the financial industry. Four major areas are included;

1. Personal Finance

Personal finance registers financial activities of a person, family or home, including insurance, savings, budget etc. Further, personal finance can be explained as the process of analyzing the current financial status of the individual or the family and therefore the plan based on the financial limit of the short-term and long-term person.

2. Corporate Finance:

It is related to planning and execution by a company, organization or firm. Although the sound is the same, but this business is different from finance. Business Finance is a comprehensive term that includes all types of businesses but corporate finance is used only by the joint stock company which works for achieving the goal of a company (planning, raising, investing and monitoring).

3. Financial Services:

This is a service provided by the financial market that is related to the organization of monetary transactions. The organization included include bank, insurance company, credit card company etc.

4. Public Finance:

This area of ​​finance is related to country, municipality, school, state etc. The purpose of public finance is on long-term goals rather than short-term goals. It is used to maintain the country's economy. Taxation is also a big part of public finance. Therefore, any financial decision that can affect the public is contained in this area of ​​finance.
Above the given points are areas of finance which are important in this field.
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