There can be many different concepts of finance but I’ll present concept of finance in finance theory textbook of Academy of finance, where I’ve studied. Concept: “Finance is movement of money capital, happen in any entity in society. It reflects whole of economic relationship that arise in distribution of financial resources through create and use monetary funds to satisfy different need of entities in society”.
The financial concept above gives us comprehensive view of finance. This concept both shows particular - outside form of finance is financial resources, monetary funds and clarifies abstract - inside essence of finance is economic relations in distribution of financial resources, distribution of social wealth in value form.
