True, Finance refers to all activities concerned with obtaining money and using it effectively.
Finance has to do with effective management of money or financial resources of a business,company or organization.
Improper management of a company finance can lead to the company not achieving their aims and objectives or even liquidate.
For effective management of a company finance the accountant or the finance manager will need to have full understanding and knowledge about :
•What it takes to manage finance
•How to manage finance successfully
•How to effectively make use of the money obtained .
Inconclusion True, Finance refers to all activities concerned with obtaining money and using it effectively.
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