8/4/2019 Concepts of Finance

1/7

8/4/2019 Concepts of Finance

2/7

Financing is the management of monetary affairs ofthe business.

- Paul G. Hasings. Financing is the process of organising the f low of

funds, so that a business firm can carry out itsobjectives in the most efficient manner and meet its

obligations as they fall due.- Kenneth Midgley

8/4/2019 Concepts of Finance

3/7

Finance means to arrange payment for it.

- George Christy & Peter Roden

Finance may generally be defined as the study of moneyits nature, behaviour, regulations and problems.

Finance is the study of money management. It deals withthe ways in which businessman, investors,

government, financial institutions and individualshandle money.

8/4/2019 Concepts of Finance

4/7

Encyclopedia Britanica defines Finance as The art ofproviding the means of payment.

An organisation concerns itself with the actual flow ofmoney as well as any claims against money.

- John Hampton

Finance is what finance does.

- G.L.Jones

8/4/2019 Concepts of Finance

5/7

It is everybodys responsibility to ensure that money isalways available to make the necessary payments asand when the need for such payments arises

- F. Parish

8/4/2019 Concepts of Finance

6/7

8/4/2019 Concepts of Finance

7/7