Business finance, also known as corporate finance in the business world, is responsible for allocating resources, creating economic forecasts, reviewing opportunities for equity and debt financing, and other functions within your organization. Financing is the process of providing funds for business activities, making purchases or investing. Financial institutions such as banks are in the business of providing capital to businesses, consumers, and investors to help them achieve their goals. Business Finance means the funds and credit employed in the business. Finance is the foundation of a business. Finance requirements are to purchase assets, goods, raw materials and for the other flow of economic activities. Let us understand in-depth the Meaning of Business Finance.
In other words, Business finance, is the raising and managing of funds by business organizations. Planning, analysis, and control operations are responsibilities of the financial manager, who is usually close to the top of the organizational structure of a firm. In very large firms, major financial decisions are often made by a finance committee. In small firms, the owner-manager usually conducts the financial operations. Much of the day-to-day work of business finance is conducted by lower-level staff; their work includes handling cash receipts and disbursements, borrowing from commercial banks on a regular and continuing basis, and formulating cash budgets.
Top Business Finance Journals:
Journal of Finance. Published by Wiley The Review of Financial Studies Journal of Financial Economics Journal of Accounting and Economics Journal of Financial and Quantitative Analysis Journal of Banking and Finance Journal of Money, Credit and Banking Journal of International Money and Finance. Journal of International Financial Management and Accounting