Can You Tell Me The Concept Of Finance, Scope And Objectives Of Finance?


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amber Jhon answered
Finance deals with the concept of time, money, risk and their interrelations.  The aim of finance function in any company is to rightly allocate the funds available to the company. Scope of finance includes the sources of funds, utilization of funds and right allocation of funds to generate income for the company. Financial resources available to an organization are very limited therefore, objectives of finance is to ensure that the funds are taken on the lowest cost, they are invested in the right assets and maximum income is generated with the lowest investments of funds.

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