Introduction to Financial Management

• Definition of Finance
• Business Finance
• Corporate Finance
• Types of Finance
Definition of Finance
(19) (18) (3) (16) and (13) (3) (20) (16)

“Finance is the art and science of managing

money”.
 KHAN and JAIN

“Finance is the art and science of managing

money”.
 (12) (7) (6) (12) (8) (14)
(14) (20) (9) (1) (20) (12) (16) (3) (8) (17)

The word 'finance' connotes

'management
of money’.
OXFORD DICTIONARY

The word 'finance' connotes

'management
of money’.
 (11) (21) (16) (25) (1) (21) (8)’ (25)
(16) (20) (16) (1) (18)
(16) (21) (11)
(9) (12) (10) (10) (21) (22) (20) (3) (1) (21)
(14) (20) (9) (1) (20) (12) (16) (3) (8) (17)
It defines finance as "the Science on study of the
management of funds' and the management of fund as the
system that includes the circulation of money, the granting of
credit, the making of investments, and the provision of
banking facilities.
 WEBSTER’S NINTH
NEW COLLEGIATE DICTIONARY

It defines finance as "the Science on study of the

management of funds' and the management of fund as the
system that includes the circulation of money, the granting of
credit, the making of investments, and the provision of
banking facilities.
Definition of Business Finance
 (11) (18) (21) (21) (10) (21) (8)

"Business finance is that business activity

which concerns with the acquisition and
conversation of capital funds in meeting
financial needs and overall objectives of a business
enterprise".
 WHEELER

"Business finance is that business activity

which concerns with the acquisition and
conversation of capital funds in meeting
financial needs and overall objectives of a business
enterprise".
(22) (4) (1) (18) (4) (5) (3) (16) (16) and
(14) (12) (4) (22) (3) (10) (10)

“Business finance can broadly

be defined as the activity concerned with
planning, raising, controlling, administering of
the funds used in the business".
GUTHUMANN and DOUGALL

“Business finance can broadly

be defined as the activity concerned with
planning, raising, controlling, administering of
the funds used in the business".
(2) (3) (8) (18) (1) (21) (8) and
(11) (21) (8) (1)

"Business finance deals primarily with

raising, administering and disbursing funds by privately
owned business units
operating in non- financial fields of industry".
 PARHTER and WERT

"Business finance deals primarily with

raising, administering and disbursing funds by
privately owned business units
operating in non- financial fields of industry".
Definition of Corporate Finance
(21) (16) (9) (17) (9) (10) (12) (2) (21) (14) (20) (3)
(12) (6)
(25) (12) (9) (20) (3) (10)
(25) (9) (20) (21) (16) (9) (21) (25)
"Corporation finance deals with the financial problems of corporate
enterprises. These problems include the financial aspects of the promotion of
new enterprises and their administration during early development, the
accounting problems connected with the distinction between capital and
income, the administrative questions created by growth and expansion, and
finally, the financial adjustments required for the bolstering up or
rehabilitation of a corporation which has come into financial difficulties".
 ENCYCLOPEDIA OF SOCIAL SCIENCES

"Corporation finance deals with the financial problems of corporate

enterprises. These problems include the financial aspects of the promotion of
new enterprises and their administration during early development, the
accounting problems connected with the distinction between capital and
income, the administrative questions created by growth and expansion, and
finally, the financial adjustments required for the bolstering up or
rehabilitation of a corporation which has come into financial difficulties".
Types of Finance
Thank you!