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What is “Finance” and what is its importance

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  1. Introduction to finance
  2. Classification of finance
  3. Definitions of financial statement
    1. Types of financial statements
  4. Need of the study
  5. Objectives of the study
  6. Usage of financial statements
  7. Limitations of financial statements
  8. Importance of financial statement analysis
  9. Applications of financial performance analysis
  10. Limitations of financial performance analysis
  11. Conclusion
  12. Bibliography

In our present day economy, ?FINANCE? is defined as the provision of money at the time when it is required. Every enterprise, whether big, medium of small, needs finance to carry on its operations and to achieve its targets.
Finance is so indispensable today that it is the lifeblood of an enterprise. Without adequate finance, no enterprise can possibly accomplish its objectives.

?Finance? is the life blood and the nervous system of any business organization. Just as circulation of blood, is necessary in the human body to maintain life. Finance is necessary in the business org. for smooth running of the business.

Financial management involves managerial activities concerned with the procurement and utilization of funds for business purpose the finance function does with procurement of money taking in to consideration of today's as well as future need and its effective utilization. Since finance is required to purchase of machinery and raw materials, to pay salaries and wages also for day-to-day expenses.

According to the American Institute of certified public accountants: ?Financial statement reflect a comparison of facts, accounting conventions and personnel judgments and conventions applied affects the materially?.

[...] MEANING OF RESEARCH DESIGN The formidable problem that follows the task of defining the research problem is the preparation of design of the research project, popularly known as the research design, decision regarding what, where, when, how much, by what means concerning an inquiry of a research study constitute a research design. A research design is the arrangement of conditions for collection and analysis of data in a manager that aims to combine for collection and analysis of data relevance to the research purpose with economy in procedure. [...]

[...] Comparative statements can be prepared for both types of financial statement balance sheet as well as profit and loss account COMPARATIVE BALANCE SHEET: The comparative balance sheet analysis is the study of the trend of the same items, group of items and computed items in two o more balance business enterprise on different dates. The change in period balance sheet items reflect the conduct of a business. The changes in periodic balance sheet items reflect the conduct of a business. [...]

[...] In Crore) / Increase / Decrease Decrease Share Capital Provisions Advances INTERPRETATION The comparative balance sheet of the company reveals that during 2005- 06 information about financial position There have been increase in Reserves & Surplus of 578.16 Crores The current liabilities have been increased 190.96 Crores The Current assets, Loans & Advances have been increased 881.68 Crores The Net Block have been decreased 36.83 Crores In the year 2005 06 the Investments are no decrease and no increase The overall financial position of the company is satisfactory. [...]

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