Finance Coursework Help

If we trace the origin of finance, there is evidence to prove that it is as old as human life on earth. The word finance was originally a French word. In the 18th century, it was adapted by English speaking communities to mean “the management of money.” Since then, it has found a permanent place in the English dictionary. Today, finance is not merely a word else has emerged into an academic discipline of greater significance. Finance is now organized as a branch of Economics.

Furthermore, the one word which can easily replace finance is “Exchange." Finance is nothing but an exchange of available resources. Finance is not restricted only to the exchange and/or management of money. A barter trading system is also a type of finance. Thus, we can say, Finance is an art of managing various available resources like money, assets, investments, securities, etc.

Finance is defined in numerous ways by different groups of people. 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.” According to experts, “Finance is a simple task of providing the necessary funds (money) required by the business of entities like companies, firms, individuals and others on the terms that are most favorable to achieve their economic objectives.” Entrepreneurs define it as, “Finance is concerned with cash. It is so, since, every business transaction involves cash directly or indirectly.” It also deals with profits that adequately compensate for the cost and risks borne by the business.”

Finance Assignment Help

Finance (or financial management), like accounting, exists to help decision makers. It is concerned with the ways in which funds for a business are raised and invested. This lies at the very heart of what a business is about. In essence, a business exists to raise funds from investors (owners and lenders) and then to use those funds to make investments (equipment, premises, inventories and so on) in an attempt to make the business, and its owners, wealthier. It is important that funds are raised in a way that is appropriate to the particular needs of the business, and an understanding of finance should help in identifying:

a) the main forms of finance available;

b) the costs and benefits of each form of finance;

c) the risks associated with each form of finance; and

d) the role of financial markets in supplying finance.

Once the funds are raised, they must be invested in ways that will provide the business with a worthwhile return. An understanding of finance should help in evaluating:

a) the returns from an investment; and

b) the risks associated with an investment.

Characteristics or features of finance:

a) Investment opportunities: In Finance, Investment can be explained as effective utilization of money for profit or returns.

b) Profitable opportunities: In Finance, Profitable opportunities are considered as an important aspiration (goal).

c) Optimal mix of funds: Finance is concerned with the best optimal mix of funds in order to obtain the desired and determined results respectively.

d) System of internal controls: Finance is concerned with internal controls maintained in the organization or workplace.

e) Future decision making: Finance is concerned with the future decision of the organization. It is an indicator of growth and good returns.

Conclusion:

Finance to be more precise is concerned with the management of,

a) Owned funds (promoter contribution),

b) Raised funds (equity share, preference share, etc.), and

c) Borrowed funds (loans, debentures, overdrafts, etc.).

At the same time, Finance also encompasses wider perspective of managing the business generated assets and other valuables more efficiently.

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