It means money, capital, resource or fund that can be used for any expenditure. The scope of finance is not only in the form of funding an expenditure. It also includes the effective use of the funds provided.

Finance is the aspect of financial management for a business or institution that is only concerned with finding money. Public institutions and organizations need financing in order to carry out operations such as production, sales, investment and stocking in various activities.

The activity of a firm to provide the necessary resources for all its assets and other expenditures, or the ability of individuals to obtain the money they need to meet their expenses, is called financing. In short, financing is expressed as the provision of needed funds. Finance, on the other hand, constitutes the money, resources and funds to be used for expenditures.

For this reason, it is possible to use the expression “providing financing” instead of the expression “providing money or funds” which is needed for expenses.

There is no conceptual difference between the two statements. While the financing needs of the public are met from a number of sources in the form of external borrowing, emissions and issuance of securities, the financing needs of companies can be met through bank loans.

The finance department, which can be seen in every company and field, is defined as the place where monetary transactions are returned. in a more detailed way, to grow the business, to make the said business more profitable, to follow the department-based incomes and expenses, to determine the right steps from a strategic point of view, to make monthly reporting, forecast and budget studies, to calculate shares or debts according to the place of work, and so on. The finance department, which has many tasks, appeals to a wide audience and also to the field.

For this reason, the finance officer working everywhere has his own names and duties. As an example, it is possible to express it as a strategic finance expert. In addition, in order to be a company finance officer, it is required to have a bachelor’s degree from a university’s departments such as economics, business administration, statistics or engineering.