Identification for Unit 1 Flashcards
(24 cards)
a BODY OF FACTS, PRINCIPLES and THEORIES relating to raising and using
money by individuals, businesses and governments
FINANCE
the PROCESS OF RAISING FUNDS OR CAPITAL for any kind of expenditure
FINANCE
The SYSTEM that includes the CIRCULATION OF MONEY, the granting of credit,
the making of investments and the provision of banking facilities
FINANCE
the PROCESS OF WORKING WITH AND THROUGH OTHERS to achieve organizational objectives in a changing environment.
MANAGEMENT
involves COORDINATING and OVERSEEING THE WORK ACTIVITIES of others so that their activities are completed efficiently and effectively.
MANAGEMENT
involves COORDINATING and OVERSEEING THE WORK ACTIVITIES of others so that their activities are completed efficiently and effectively.
MANAGEMENT
is a decision-making process concerned with planning,
acquiring, and utilizing funds in a manner that achieves the firm’s desired
goals.
Financial management
is to MAXIMIZE THE CURRENT VALUE PER SHARE of the existing stock or ownership in a business
firm
goal of financial management
is also called as CASHING PER SHARING MAXIMIZATION. It leads to
maximize the business operation for profit maximization.
Profit maximization
Is one of the MODERN APPROACHES, which involves latest innovations and improvements in the field of the business concern.
Wealth maximization
Determines HOW SCARCE OR LIMITED RESOURCES in terms of funds of the business firms are committed to projects
Investment Decisions
CONSIDERS THE COST OF FINANCE available in different forms and the risks attached to it.
Financing Decisions
CONCERNED WITH THE DETERMINATION OF QUANTUM OF PROFITS to be distributed to the owners, the frequency
of such payments, and the amounts to be retained by the firm
Dividend Decisions
CONCERNED WITH THE DETERMINATION OF QUANTUM OF PROFITS to be distributed to the owners, the frequency
of such payments, and the amounts to be retained by the firm
Dividend Decisions
the SYSTEMATIC RECORDING OF TRANSACTIONS relating to the firm’s activities in the books of accounts and
summarizing the same for presentation in the financial statements
Accounting function
Use FINANCIAL RATIOS FROM INFORMATION provided by the
financial statements
Financial Managers
is the STUDY OF HOW SOCIETY MANAGES its scarce resources.
Economics
deals with the economic decisions of INDIVIDUALS AND FIRMS.
Microeconomics
looks at the ECONOMY AS A WHOLE in which a particular business is operating.
Macroeconomics
is ONE OF THE MAJOR FUNCTIONAL AREAS of a business aside from marketing and manufacturing.
Finance
is ONE OF THE MAJOR FUNCTIONAL AREAS of a business aside from marketing and manufacturing.
Finance
DEALS with THE DESIGN AND PRODUCTION OF A PRODUCT. Marketing involves the selling, promotion and distribution of a product.
Manufacturing
are CRITICAL FOR THE SURVIVAL OF A FIRM because these areas determine what will be produced and how these products will be
sold.
Manufacturing and marketing
is the PROCESS OF MONITORING MANAGERS and aligning their
incentives with shareholder goals.
Corporate governance
