The specific field of education which deals in money matters is given the name of Finance. The balancing of assets and liabilities leading to profit and loss for a company forms the base of the subject popular as finance. Many professionals prefer to call finance as the science of managing the wealth. This subject has a close relation with mathematics. There are various sub fields present in the subject of finance and the major among them are:
- Public finance: Knowledge of public finance is needed when one is in the field of government finance planning team. It covers the areas like funds allocation, income distribution, and stabilization of national economy.
- Corporate finance: To run a business successfully the members in the accounts team of the company need to have the required knowledge of corporate finance. It helps in deciding the areas of investment, source of credit, management of debtors, management of angel investors and venture capital management.
- Personal finance: Personal management is individual specific and gives guidelines on how they can make the best investment and get good return. People planning to have a job role of personal finance advisors in financial institutions and banks will find this study beneficial for their career growth.
Students are given the task of solving many financial problems in the form of assignments or homework by faculties. Finance is one such subject which needs huge investment of time with dedication and faculties gives a specific deadline to students for the submission of the report. Students find it really hard to complete the assignment and solve the problems in given time line and fear of low score in the homework task makes the quality of the assignment poor. In spite of being brilliant students of finance such low score in homework assignments affects the overall score in the annual score card.
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