What types of finances are there?
There are three general types of finances: Public finances which include municipalities and government entities. Corporate finances which are focused on companies and businesses. Lastly, there are personal finances, which focuses on the individual.
Public finance includes expenditures, budgets, and revenues such as taxes and debt. It can describe how a government borrows money through bonds and loans, as well as driving revenues through taxes and tolls.
Corporate financials involve managing assets and liabilities. It describes how a company generates revenues and how they borrow funds. Finances also describe the capital structure, so you can see how they break down their equity.
Personal finance defines the financial activity of an individual or a household. This will include all the revenue produced from employment and investment displacements. It evaluates investments for retirement or college savings and analyses expenses such as rent, utilities, insurance, and discretionary spending.