Financial management, lecture one educational

       What is finance? Short and tricky, but a quick and short and easy answer. Money management the science the subject and the manner for managing the money that is all what the finance is about. Finance is about money, how t get it, how to spend it, how to manage it. What is difference between finance, economic and accounting? Accounting is about recording transactions in terms of the money just recording, in economic you focus on the real resources, tables, books, and markers, cameras, in economic you focus on the real assets productions, you also focus on households,  you focus on governments, and businesses.

        Finance is a deal with production side and focusing on the money side of the things. So that finance is a very recent feel developed and separated only I the last 20 or 30 years which recently separated from economics. And more recently separated from financial economics. What do we have in organization we have CFO. Financial officer, we are now talk about businesses, corporations, and number two or three is chief financial officer (CFO). He or she is responsible for financial decisions. So what is financial decision? Financial decision is the decision about money, to buy or not to buy.

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