Accounting Management (Business) is the practical application of management techniques to control and report on the financial health of the organization.
This involves the analysis, planning, implementation, and control of programs designed to provide financial data reporting for managerial decision making.
This includes the maintenance of bank accounts, developing financial statements, cash flow and financial performance analysis.
This involves the analysis, planning, implementation, and control of programs designed to provide financial data reporting for managerial decision making.
This includes the maintenance of bank accounts, developing financial statements, cash flow and financial performance analysis.
- Accounting management is a mandatory knowledge module of any MBA program.
Accounting (IT) management: Accounting is often referred to as billing management. The goal is to gather usage statistics for users.
Using the statistics the users can be billed and usage quota can be enforced.
Examples:
Disk usage
Link utilisation
CPU time - Radius, Tacacsand Diameter are examples of protocols commonly used for accounting.
For non-billed networks, 'Administration' replaces 'Accounting'. The goals of Administration is to administer the set of authorized users, by establishing users, passwords and permissions; and to administer the operations of the equipment such as by performing software backup and synchronization.
The term Financial markets can be a cause of much confusion.
Financial markets could mean:
1. organisations that facilitate the trade in financial products. i.e. Stock exchanges facilitate the trade in stocks, bonds and warrants.
2. the coming together of buyers and sellers to trade financial products. i.e. stocks and shares are traded between buyers and sellers in a number of ways including: the use of stock exchanges; directly between buyers and sellers etc.
In academia , students of finance will use both meanings but students of economics will only use the second meaning.
Financial markets can be domestic or they can be international.
In economic a financial market is a mechanism that allows people to easily buy and sell financial securities(such as stocks and bonds),commodities (such as precious metals or agricultural goods), and other fungible items of value at low transaction cost and at prices that reflect efficient market.
Financial markets have evolved significantly over several hundred years and are undergoing constant innovation to improve liquidity Both general markets, where many commodities are traded and specialised markets (where only one commodity is traded) exist.
Financial markets could mean:
1. organisations that facilitate the trade in financial products. i.e. Stock exchanges facilitate the trade in stocks, bonds and warrants.
2. the coming together of buyers and sellers to trade financial products. i.e. stocks and shares are traded between buyers and sellers in a number of ways including: the use of stock exchanges; directly between buyers and sellers etc.
In academia , students of finance will use both meanings but students of economics will only use the second meaning.
Financial markets can be domestic or they can be international.
In economic a financial market is a mechanism that allows people to easily buy and sell financial securities(such as stocks and bonds),commodities (such as precious metals or agricultural goods), and other fungible items of value at low transaction cost and at prices that reflect efficient market.
Financial markets have evolved significantly over several hundred years and are undergoing constant innovation to improve liquidity Both general markets, where many commodities are traded and specialised markets (where only one commodity is traded) exist.
- Markets work by placing many interested sellers in one "place", thus making them easier to find for prospective buyers. An economy which relies primarily on interactions between buyers and sellers to allocate resources is known as a market economy in contrast either to a command economy or to a non market economy that is based, such as a gift economyIn Finance,
Financial markets facilitate:
- The raising of captial (in the capital market);
- The transfer of risk (in the derivative market);
- Internation trade (in the currency market).
Personal finance is the application of the principles of finance to the monetary decisions of an individual or family unit. It addresses the ways in which individuals or families obtain, budget, save and spend monetary resources over time, taking into account various financial risks and future life events.
Components of personal finance might include :
Components of personal finance might include :
- checking and savings accounts,
- credit cards and consumer loans,
- investments in the stock market,
- retirement plans, social security benefits,
- insurance policies,
- income tax management.
- Personal financial planningA key component of personal finance is financial planning, a dynamic process that requires regular monitoring and reevaluation.
- In general, it has five steps:
Assessment: One's personal financial situation can be assessed by compiling simplified versions of financial balance sheets and income statements. A personal balance sheet lists the values of personal assets (e.g., car, house, clothes, stocks, bank account), along with personal liabilities (e.g., credit card debt, bank loan, mortgage). - A personal cash flow statement lists personal income and expenses.
- Setting goals: Two examples are "retire at age 65 with a personal net worth of $200,000 American" and "buy a house in 3 years paying a monthly mortgage servicing cost that is no more than 25% of my gross income". It is not uncommon to have several goals, some short term and some long term. Setting financial goals helps direct financial planning.
- Creating a plan: The financial plan details how to accomplish your goals. It could include, for example, reducing unnecessary expenses, increasing one's employment income, or investing in the stock market.
- Execution: Execution of one's personal financial plan often requires discipline and perseverance. Many people obtain assistance from professionals such as accountants, financial planners, investment advisors, and lawyers.
- Monitoring and reassessment: As time passes, one's personal financial plan must be monitored for possible adjustments or reassessments.
The financial markets can be divided into different subtypes:
captial market which consist of:
stock market which provide financing through the issuance of shares or common market , and enable the subsequent trading thereof.
bond market , which provide financing through the issuance of bonds and enable the subsequent trading thereof.
commaodity market which facilitate the trading of commodities.
mony market which provide short term debt financing and investment.
derivatives market , which provide instruments for the management of financial risk.
The captial market consist of primary markets and secondary market. Newly formed (issued) securities are bought or sold in primary markets. Secondary markets allow investors to sell securities that they hold or buy existing securities.
captial market which consist of:
stock market which provide financing through the issuance of shares or common market , and enable the subsequent trading thereof.
bond market , which provide financing through the issuance of bonds and enable the subsequent trading thereof.
commaodity market which facilitate the trading of commodities.
mony market which provide short term debt financing and investment.
derivatives market , which provide instruments for the management of financial risk.
The captial market consist of primary markets and secondary market. Newly formed (issued) securities are bought or sold in primary markets. Secondary markets allow investors to sell securities that they hold or buy existing securities.
