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Scope and diversification of Finance

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Broadly speaking one can categorize finance into 4 subcategories-
  • Business Finance - It refers to all the business activities which are carried on to increase profits and wealth maximization.
  • Corporation Finance - simply speaking it is very much a part of business finance and deals the practices, policies and problems of corporate enterprises. It studies all the financial actions performed by a company from the beginning to the end.
  • Public Finance- It deals with the money managed by the government. Since government raises money through various sources like - Tax, Public Sector Utilities etc and usually it's a huge amount of money. However Govt enterprises don't operate on the general concept of profit making but they do have to accomplish certain social objectives and develop the nation.
  • International Finance - It deals with the study of financial dealings/actions performed in between individuals/organizations beyond the national boundaries and develop method to handle this transactions more efficiently. It may involve transacting in Forex, Debt market, Foreign investors and Mergers & Acquisitions etc.

 

 

 

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