Financial is a branch of economics that deals with the management of funds, financial resources & other assets. In broader term, finance is raising or investing money either as equity or debt.
Financial management is the management of capital and funds in a business. Income and expenses have to be managed in an optimal way. Finance is all-important in an organization.
Major Areas of concern within the field include business finance, Risk Management, Audit and Accounting, public finance, balance sheet, personal finance, International Finance, Inventory Control, Money & Banking, Budgeting/Cost Control etc.
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