Rahandus

Rhandus, in Estonian usage, denotes the management of monetary resources and the broader field commonly referred to in English as finance. It covers the processes and activities involved in budgeting, accounting, investment decision-making, financial planning, and the allocation and monitoring of funds across individuals, organizations, and governments. In contemporary Estonian, the term rahandus is the standard form for the field, while rhandus is a closely related variant that may appear in some contexts or compounds; for most practical purposes the two are understood as referring to the same general concept.

The concept is commonly divided into public, corporate, and personal finance. Public finance deals with government revenue, taxation, budgeting, debt management, and fiscal policy, often organized around national or municipal budgets and overseen by institutions such as the Ministry of Finance and other treasury authorities. Corporate finance focuses on how businesses raise capital, structure their finances, manage working capital, evaluate investments, and assess risk. Personal finance concerns individual or household money management, including income, spending, saving, insurance, and retirement planning.

Education and professions: The study of rahandus is typically offered within economics or finance programs at universities and business schools. Related careers include financial analyst, treasurer, budget officer, controller, risk manager, and various accounting or financial planning roles.

See also: finance, budgeting, accounting, public finance, corporate finance, Ministry of Finance.