What is Finance

Finance studies and addresses the ways in which individuals, businesses and
organizations raise, allocate and use monetary resources over time, taking into
account the risks entailed in their projects.
Finance is a field closely related to accounting that deals with the allocation of
assets and liabilities over time under conditions of certainty and uncertainty.
Finance also applies and uses the theories of economics at some level. Finance can
also be defined as the science of money management. A key point in finance is the
time value of money, which states that purchasing power of one unit of currency
can vary over time. Finance aims to price assets based on their risk level and their
expected rate of return. Finance can be broken into three different sub-categories:
public finance, corporate finance and personal finance.

What is accounting
Accounting is an information science used to collect, classifies, and manipulates
financial data for organizations and individuals.
Managerial accounting
Management accounting or managerial accounting is concerned with the provisions
and use of accounting information to managers within organizations, to provide
them with the basis to make informed business decisions that will allow them to be
better equipped in their management and control.
Corporate finance
The financial activities of corporation
International finance
International finance is the branch of financial economics broadly concerned with
monetary and macroeconomic interrelations between two or more countries.
Time value of money
The idea that money available at the present time is worth more than the same
amount in the future due to its potential earning capacity.