Financial Administration Finance is the life blood of very business. As personnel and materials which are necessary for the functioning of any office‚ industry‚ enterprise can be made available through money. Hence‚ finance plays an important role in the business. Socio-economic forces unleashed by industrial revolution have given a new meaning and dynamic content to financial administration. Meaning of Financial Administration The term Financial Administration consists of two words. ’Finance’
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Financial Information 1. Why is financial information important for a business- provide four reasons * For owners and managers to be able to make sensible business decisions. * For prospective investors to know where the company stands financially. * Financial institutions such as banks can use this information to decide whether to give the company things such as loans etc. * For everyone within the company to understand its financial position‚ regarding assets‚ liabilities‚ equity
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The financial ratios are: Liquidity Ratio- The firms ability to satisfy the short term obligations. (Gitman‚ 2007) Activity ratio- That measure the speed with which various accounts are converted into sales or cash‚ inflows or outflows. (Gitman‚ 2007) Debt ratio- That measures the proportion of total assets financed by the firms creditors. (Gitman‚ 2007) Profitability ratio- measures enable the analyst to evaluate the firms profits with respect to a given level of sales a certain level of assets
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three main characteristics of accounting? Is accounting static or dynamic? Accounting collects‚ analyzes‚ measures and records financial information about an organization and reports that information to stakeholders and decision makers. Accounting has 3 essential characteristics. Accounting is the (1) identification‚ measurement‚ and communication of financial information about economic entities to interested persons. Like social sciences‚ accounting is largely a product of its environment
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general populace’s lack of financial knowledge has increased‚ many organizations have been created or have begun to provide various types of financial education. Financial literacy and personal money management programs operate at various levels‚ ranging from national to statewide to local. Some programs are preventative‚ targeting middle and high school students through regular curricula or special programs that aim to educate young people before they encounter financial choices. Others focus on
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Financial Crisis A financial crisis is “an economic recession or depression caused by a lack of necessary liquidity in financial institutions. A financial crisis may be caused by a natural disaster‚ negative economic news or some other events.”(InvestorWords.com‚ 2009) Financial crisis usually decrease business activity because people do not have enough financial resources. The reason why I chose this topic is because it is a daily theme in all of the European tabloids. We read every day’s
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DEDICATED TO MAKING A DIFFERENCE DRIVING SUCCESS Marketing and sustainable development What is sustainable development? The term sustainable development means different things to different people. But‚ in essence‚ it is concerned with meeting the needs of people today without compromising the ability of future generations to meet their own needs. Sustainable development therefore involves: A broad view of social‚ environmental and economic outcomes; A long-term perspective‚ concerned
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What is a Financial Crime? There is no internationally accepted definition of financial crime. Rather‚ the term expresses different concepts depending on the jurisdiction and on the context. In general‚ financial crime can refer to any non-violent crime that results in a financial gain to the perpetrators and loss to others or the state. It includes a range of illegal activities such as: • corruption (bribery‚ speed money‚ kickbacks etc.) • financial fraud (accounting‚ check‚ credit card‚ mortgage
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FINANCIAL REPRESSION AND FINANCIAL REFORM IN UGANDA Martin Brownbridge Summary The banking system in Uganda is among the weakest in Sub-Saharan Africa. Its liabilities comprise less than 10 per cent of GDP‚ it is highly oligopolistic and inefficient in performing many basic banking functions‚ and the largest bank and several smaller banks are insolvent. The financial policies of the pre-reform period aimed to control banking markets‚ ostensibly for developmental and other non commercial
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Writ 1301 12/13/07 Personal Narrative Final Over the years‚ hundreds of thousands of college Universities have enrolled and graduated tons of its intelligent students. For many of us students college is just the next step that eventually had to come but for some of us the accomplishment of making it to college could be considered a dream come true. I am one of those students who has just fulfilled that dream. That was the case for me because I had never actually though that I would really make
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