Finance

What Is Finance?

Finance is a broad term that describes activities associated with banking, leverage or debt, credit, capital markets, money, and investments. Basically, finance represents money management and the process of acquiring needed funds. Finance also encompasses the oversight, creation, and study of money, banking, credit, investments, assets, and liabilities that make up financial systems.

Many of the basic concepts in finance originate from micro and macroeconomic theories. One of the most fundamental theories is the time value of money, which essentially states that a dollar today is worth more than a dollar in the future.

Key Takeaways

  • Finance encompasses banking, leverage or debt, credit, capital markets, money, investments, and the creation and oversight of financial systems.
  • Basic financial concepts are based on micro and macroeconomic theories. 
  • The finance field includes three main subcategories: personal finance, corporate finance, and public (government) finance.
  • Financial services are the processes by which consumers and businesses
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Synchronize project contracts and projects directly from Project Service Automation to Finance and Operations – Finance | Dynamics 365



conference materials

Available from Solano Press
GuideBk
The most comprehensive treatment of local government finance in any
state
that I have ever seen. This guide will prove useful to elected and appointed local government officials, business leaders, reporters, students, faculty, and
others who are struggling to understand the highly complex world of local government finance in California.
~ Chris McKenzie,
Exec.Dir. League of Calif Cities 1999-2016


Available from The League of California Cities

MuniRevHandbook

The California Municipal Revenue Sources Handbook, NEW! Fifth Edition by Michael Coleman. The definitive resource on municipal funding for city and county managers, finance officers, academics and other professionals
engaged in the complex world of municipal finance in California.

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Revenue Limits: Proposition 13 (1978), Proposition 218 (1996) and Proposition 26 (2010)

  • Article XIIIA of the California Constitution (Tax Limitation)
  • Article XIIIB of the California Constitution (Spending
    Limitation: Proposition 4)
  • Article XIIIC of the California Constitution (Voter Approval for Tax
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