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Finance for non Finance Managers

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WHY DOING FINANCIAL ANALYST COURSES IS A VERY REWARDING CAREER OPTION? Haven’t we thought about it? Not many of us because the moment we see all the formulas and mathematical symbols we get too scared. Therefore most of us think it is not the right options for us. Believe me, the financial analyst job is high paying career options. They act as an advisor to the investors and inform them of the risk and opportunity…

If you’ve graduated and are looking for your first “real” job, or you are still in the first couple of years of your chosen career, this is the time to develop healthy spending, saving, and allocating habits. Following these five essential financial practices will ensure that you are living well now, providing for yourself in retirement, and well-prepared if you suffer a financial emergency between now and then. Practice #1: Invest in Your Employer’s Retirement…

Personal Finance Planning is about the management of Personal Money/Funds for fulfilling one’s needs. It helps individuals in managing their finances and thus achieving smooth savings Vs. expenditure. Personal Finance Management can be learned by developing Know-How about personal financial sources management, and by taking up new free online courses available for that matter. Let’s Study in brief what is Personal Finance Planning and how it can be practiced for long-term benefits. Personal Finance Planning…

“IN THIS WORLD, NOTHING CAN BE SAID TO BE CERTAIN, EXCEPT DEATH AND TAX” BY BENJAMIN FRANKLIN. As I tax specialist, I have come up with the top 30 tax interview questions, along with descriptive and concise answers for each of the tax interview questions. It’s a great information source to refer to for understanding the subject TAX, as a referral source to be used. Especially for students for attending entrance examinations and interviews on…

I am a visionary business manager, my colleagues say, but I often struggle to answer the finance team’s questions in the board meeting. Why? Why is my marketing and sales drive getting dented by the finance restrictions from upper management? I have a great business vision but my finances do not support my vision. What should I do? These are some questions non-Finance managers face in their business career. Many entrepreneurs have to close their…

Financial accounting is the branch of accounting that is concerned with the summary, analysis, and reporting of financial transactions relating to a business. The end product of Financial accounting involves the preparation of Financial Statements for the users of accounting information.A financial statement includes the following: An Income statement or Profit and Loss Statement is a Financial Statement showing the Company’s revenue and expenses for a particular period.A Balance Sheet is a statement of financial position…

Working capital is a financial metric which represents operating liquidity of a business enterprise. It is a measure of a company’s efficiency and its short-term financial position.Working capital is the difference between the current assets and the current liabilities. Working Capital = Current Assets – Current Liabilities Current Assets includes Accounts Receivable (Bills receivable and Sundry Debtors less provision for doubtful debts), Inventories, Cash and Cash Equivalents and Other Current Assets (excluding Loose tools, Stores and Spares and…

Capital budgeting is the process of determining whether an organization’s long term investments such as new machinery, new product line, new building and research development projects are worth the funding of cash through the firm’s capital structure (equity, debt, or retained earnings).It is also known as “investment appraisal.” It is the process in which resources are allocated for capital, investment or expenditure.The mail aim of Capital Budgeting is to maximise shareholders’ wealth.Need for Capital Budgeting A large sum of…

Finance is generally related with the study of investments. In layman terms it is referred as the science of money management. It is something that every individual comes across in his day to day life be it for personal purpose or business decision making purpose. Thus, Finance is a vital aspect which every individual should be aware of if he intends for some meaningful contribution to his/her organisation’s success.It’s not just that finance is important for…

BUDGETBudget is generally defined as a quantitative plan which is chartered for the forthcoming period of time. It generally takes into consideration planned sales volumes, costs to be incurred, expenses to be met out, expected revenue to be generated and flow of cash and cash equivalents during the time period for which the budget is planned.Budget can be prepared at any level ranging from an individual to national level. It is basically the estimation of revenue and expenses.Budget is…