Description of Finance and International Business
Finance basically deals with planning, organising and controlling the finance activities such as procurement and utilisation of funds of the enterprise. It means applying general management principles of financial resources of the enterprise.
Finance management is as important in business as production and marketing. A business firm requires finance to commence its operations, to continue its operations and for expansion or growth. Financial management plays a crucial role in survival of a firm in the extremely competitive markets.
The International business relates to any situation where the production or distribution of goods or services crosses country borders. Globalisation the shift toward a more interdependent and integrated global economy creates greater opportunities in the international business. The broader definition of international business also encompasses for profit border-crossing transactions as well as transactions motivated by non-financial gains.
International business encompasses a full range of cross-border exchange of goods, services or resources between two or more nations. These exchanges can go beyond the exchange of money for physical goods to include international transfers of other resources like people, intellectual property, patents, copyrights, brand trademarks, etc.
Few lines about BBA Finance & International Business
BBA (Finance & International Business) is a 3-years undergraduate course that is divided into 6-semesters. The course teaches the fundamentals of finance and accountancy practices. Through this course the students can learn technical skills associated with many of the procedures of finance analysis and accounting standards.
The course is designed for the aspirants who prefer to work for strategic business performing some roles like financial analysis and enterprise venture specialist. The course is also designed to develop the resources and capability of managers in the global economy. The course teaches the students various aspects of management like documentation involved in export and import, methods of approaching customers in foreign countries, currency conversion & fluctuation, raising capital from international market and distribution market.
The main aim of the course is to develop a capable workforce within the country that has completed understanding of the changing international business scenarios so that they can weigh and analyse the impact of those changes in the domestic market. The objective of the course is to help, professionalise the foreign trade management of the country and increase the exports and imports by generating, analysing and conducting research.
