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pecific example of corporate finance The categories of finance Finance is important Personal finance ? Personal finance is the application of the finance to the moary decisions of an individual or family unit. ? Personal financial decisions may involve paying for education, financing durable goods such as real estate and cars. Corporate finance ? What is the corporate finance? ? Long term and short term decision ? Investment banking ? Task of managerial or corporate finance ? Long term funds ? Fund management ? Financial management vs financial accounting Capital ? Financial capital ? Capital, in the financial sense, is the money that gives the business the power to buy goods to be used in the production of other goods or the offering of a services. The desirability of budgeting ? Budget is an estimation of the revenue and expenses over a specified future period of time. ? Capital budget ? Cash budget is an estimation of the cash inflow and outflows for a business or individual for a specific period of time. Management of current assets ? Credit ? Forms of credit ? Advantages of credit trade ? Disadvantages of credit trade ? Factors which influence credit condition ? Effective credit control ? Duties of the credit department Cash ? Reasons for keeping cash ? Advantages of sufficient cash ? Cash is usually the king in finance Insurance ? Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a