It describes the management, creation and study of money, banking, credit, investments, assets and liabilities that make up financial systems, as well as the study of those instruments. Some people prefer to divide it into three distinct categories: public, corporate and personal finance. There is also the recently emerging area of social finance. Additionally, the study of behavioral its aims to learn about the more “human” side of a science considered by most to be highly mathematical.

External financing is any kind of business funding you acquire from sources outside the company. Bank loans, investments from private individuals or investment firms, grants and selling company shares are all examples of external financing. Before you set out to secure external funding, you need to understand the advantages and disadvantages associated with it.

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