but each term is having different meanings and unique characters. Increasing the profit is the main aim of any kind of economic activity. MEANING OF FINANCE Finance may be defined as the art and science of managing money. It includes financial service and financial instruments. Finance also is referred as the provision of money at the time when it is needed. Finance function is the procurement of funds and their effective utilization in business concerns. The concept of finance includes capital
Premium Finance Economics Business
increase in demand for many financial services from different financial firms. The market has responded to this soaring demand with making attractive offers and services for the customers at affordable rates. The liberalization of the economy in the 1990s has brought in new players into the field which has not only brought in some much needed fresh air to the stagnant financial sector but also competition for the same market space which was relatively unknown in the financial sector till then. Since
Premium Bank Financial services
IDENTIFY THE MAJOR FINANCIAL STATEMENTS AND OTHERS MEANS OF REPORTING. FININCAL STATEMENTS: The statements prepared to show the financial position of the business is known as financial statements. These statements provide financial information of an equity to internal and external users and decision makers. MAJOR FINANCIAL STATEMETS: The three main financial statements are as follow:
Premium Financial statements Income statement Balance sheet
Chapter 3 Analysis of Financial Statements LEARNING OBJECTIVES After reading this chapter‚ students should be able to: • Explain why ratio analysis is usually the first step in the analysis of a company’s financial statements. • List the five groups of ratios‚ specify which ratios belong in each group‚ and explain what information each group gives us about the firm’s financial position. • State what trend analysis is‚ and why it is important. • Describe how
Premium Financial ratio Financial ratios Balance sheet
Question 1: “The role of the financial system in a market economy is to effectively and efficiently move funds from surplus budget units to deficit budget units.” “However‚ in the absence of well functioning financial intermediaries this transfer of funds may be severely retarded.” Discuss. A financial system can be defined The complex of institutions‚ including especially banks and the government and international institutions that regulate them‚ that facilitate payments and link lenders with
Premium Investment Financial services Debt
FINANCIAL ANALYST: THE EXPERT OF ECONOMIC AND ACCOUNTING Quyen Chu San Highline Community College English 205 Feb 4‚ 2012 CASE STUDY : THE BOOK OPENS THE DOOR Walking around the Phu Tho bookstore in Ho Chi Minh city‚ I decided to look for an interested book to bring along with me to America. Numerous questions came in my mind “What do I need? What is that book about?” Accidently‚ I went to the case containing full of financial and investment books. A purple small book with the phrase
Premium Enron Accounting scandals Financial statements
FINANCIAL FORECASTING The complete meaning of financial forecasting is a way to be able to develop the related things of pro forma and the projected financial statement. Base on the projected statement‚ any business will be able to determine the future position of accounts receivables‚ inventory‚ accounts payable‚ and the other expense accounts of the business as it will be informed of the profits and borrowing of the business that is required. A brand new company will need to be able to provide
Premium Balance sheet Generally Accepted Accounting Principles Accounts receivable
1/24/2015 Finance‚ Accounting‚ and a Company’s Financial Viability Both finance and accounting are crucial to the success of any organization. Upon first glance they seem to have the same function within a company but that is absolutely not true. Accounting and finance are related but they have different meanings and different functions in any organization. Financial affairs is deeply imbedded within decision making‚ accounting is for the financial actions within a company‚ and the two together is
Premium Finance Health care Corporate finance
PHILIPPINE LONG DISTANCE TELEPHONE COMPANY AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AS AT MARCH 31‚ 2013 (UNAUDITED) AND DECEMBER 31‚ 2012 (AUDITED) AND FOR THE THREE MONTHS ENDED MARCH 31‚ 2013 AND 2012 (UNAUDITED) F-1 PHILIPPINE LONG DISTANCE TELEPHONE COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (in million pesos‚ except par value per share amounts and number of shares) As at January 1‚ As at March 31‚ As at December 31‚ 2012 2012 2013
Premium Balance sheet Generally Accepted Accounting Principles Income statement
What is financial planning? Financial planning is the long-term process of wisely managing your finances so you can achieve your goals and dreams‚ while at the same time negotiating the financial barriers that inevitably arise in every stage of life. Remember‚ financial planning is a process‚ not a product. What are the six steps in the financial planning process? Identifying and prioritizing objectives By sharing with the financial advisor your financial goals‚ the priority in tackling them
Premium Management Project management Planning