Finance is a broad and dynamic field which can be defined as the art and science of managing money.
Virtually all individuals and organisations earn or raise money and spend or invest money. Finance is concerned with the process, institutions, markets and instruments involved in the transfer of money among and between individuals, businesses, and governments. The study of Finance provides a consistent framework for financial decision making by individuals, small business firms, financial institutions, and large corporations. The practical relevance of Finance is immediately obvious, but it is far, far more than just a vocational subject. Methodologically, Finance emphasises the tools and insights of the core disciplines of Economics, Mathematics and Statistics.