Finance Basics

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FINANCE 1 .- DEFINITION: They are a branch of the administration to study the generation and management of a company, individual or state of the funds it needs to meet its objectives and criteria that have their assets.It is the optimal use in terms of quality, quantity and timing, both the sources that provide the funds as the use made of them. 2 .- TYPES: PERSONAL FINANCE: Are the activities of persons associated with income, saving, investing, among others. It’s how we interact with our environment using the search money. PUBLIC FINANCE: Discipline is the collection of revenue and expenditure management, public debt, price policies, rates made by the state through different public sector institutions. PRIVATE FINANCE: They are related to the functions of private companies operating under the theory of optimum productivity for profit maximization.

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