Introduction Business Finance 12.pptxxxxxxxx

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1. Business Finance

2. “All people need money to live.”

3. “Money is the root of all evil.”

4. Illustrate Me! Illustrate your life’s situation five (5) years from now.

5. What is Finance? It is the study of how the players in a financial system acquire, spend, manage, and make other sound financial decisions concerning money and other financial resources ( Tugas et al., 2017) Finance is defined as the management of money and includes activities such as investing, borrowing, lending, budgeting, saving, and forecasting ( Vipond , 2020).

6. Important Terms Investing -   is putting money to work for a period of time in some sort of project or undertaking in order to generate positive returns. Borrowing - is taking money from a bank or other financial organization and pay it back over a period of time. Lending - is the process by which a financial institution provides funds to a borrower . Budgeting - the process of creating a plan to spend your money. Spending - a process of paying our or expending your money.

7. Asset anything that has current or future ecomic value to a business.

8. Saving - is the portion of income not spent on current expenditures. Forecasting - is a decision-making process used by many businesses to help budgeting, planning, and estimating future growths future growths.