finance

Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, it is a field of business administration which involves the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance.

AI overview

Finance refers to money, currency, assets, and liabilities, and encompasses the study of how to manage these resources effectively. It matters because it provides the knowledge and practices needed to plan, organize, and control an organization's resources—whether at the personal, corporate, or public level—to achieve important goals.

AI-generated from the Wikipedia summary — may contain errors.

Wikidata facts

Show 4 more facts

Commons category: Finance
ISCO-88 occupation class: 331
P8168: Lev Petrovich Pitaevskii
Stack Exchange tag: or.stackexchange.com/tags/finance

Sources (8)

via Wikidata · CC0

~34 min read

Article

22 sections

Contents

The financial system
Areas of finance
Personal finance
Corporate finance
Public finance
Investment management
Risk management
Quantitative finance
Financial theory
Managerial finance
Financial economics
Financial mathematics
Experimental finance
Behavioral finance
Intangible asset finance
Quantum finance
History of finance
See also
Notes
References
Further reading
External links

In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, swaps, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities.