Define finance full explanation ?
please answer this Question
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Define finance full explanation ?
please answer this Question
@BrainlySmile
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Financial planning sounds like something that would interest grown-ups. But, financial planning is important for anyone who has access to money. Learning ways to handle money effectively is an important skill that everyone needs to learn. But before learning about financial planning, you need to understand what the term finance means.
In simple terms, finance means the 'Management of Money. This money could be earned or acquired by a person. As you deal with money on a day-to-day basis, it is important that we learn to manage it. Managing your money well is a skill and it can be sharpened through practice.
ANSWER:
Finance Costs represent the cost of financing the funds by a company. It includes the borrowing cost in form of interest expenses and other related costs incurred to borrow funds.
It is shown as an addition to Net Profit before tax and extraordinary items under operating activities and deducted under financing activities.
For example, interest on debentures, etc