What is Finance? What is Its Scope?

Finance is a large term that encompasses various activities related to banking, borrowing, securities, credit, corporate securities, money, and assets. Basically, finance represents the process of obtaining needed funds and money management. The scope of finance is quite broad, even if we are only dealing with individual needs and money needs. Finance in the broader …

What is an Umbrella Insurance Policy?

What exactly is an umbrella insurance policy? An umbrella insurance policy is a kind of insurance policy that takes various forms like an individual life insurance policy. Umbrella insurance also refers to excess liability insurance, which is often in excess of stated primary and secondary insurance on the policy and possibly additional policies as well. …

The Nature and Scope of Finance

Finance is a broad term encompassing all things regarding the study, creation, management and allocation of funds. In particular, it includes the questions of why and how an individual, firm or government obtains the funds desired, known as capital in the business context-which can include purchasing equipment, property, land or equipment used in production, selling …

Working Capital Management Issues

Working Capital Management is a vital business instrument that assists businesses effectively utilize current assets, thereby assisting businesses to keep adequate cash circulating to fulfill short term monetary obligations and future goals. Properly managing working capital enables organizations to free up financial resources which would otherwise be caught in the tight balance sheets of the …

Money Laundering and How to Avoid Being a Victim

Money laundering is a practice that has been around since ancient times. It is an offense under both civil and criminal law. In simple terms, money laundering is the act of hiding the true sources of money received illegally by passage through a series of legal transactions or transfers. The ultimate goal of the scheme …