Importance of Business Environment

Importance of Business Environment

A business environment, both internal and external, refers to the surrounding factors that influence business operations.  Businesses operate in an open system therefore political, economic, social and technological factors affect its day to day operations. It is therefore essential for businesses to study both the internal and external environments because they have a bearing on …

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Objectives Of Business Communication

Objectives Of Business Communication

For any business to function successfully, all the rules, company values, and polices have to be communicated to everyone within the organisation and outside the organisation. This is called business communication, and there are several objectives of business communication. This article will outline the objectives of business communication. What is Business Communication Business communication can …

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Advantages and Disadvantages of ATM (Automated Teller Machines)

Advantages and Disadvantages of ATM Machine

This article outlines the advantages and disadvantages of ATM Machines (Automated Teller Machines). In today’s era of digital banking ATM machines are very relevant. Many people around the world rely on ATM machines to access hard cash which remains a crucial part of people’s day to day transactions. Automated Teller Machines have several advantages and …

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The Scope Of Financial Accounting

Scope Of Financial Accounting

Financial accounting covers an area of accounting generally referred to as reporting. Financial accounts are prepared for various user and stakeholder groups and as such they have many different objectives for  the different groups and a very wide scope. The scope of financial accounting includes recording transactions, summarising information, analysing information, reporting information and presenting …

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The Nature Of Financial Accounting

Nature Of Financial Accounting

Financial accounting is concerned with the recording, classification, summarising, analysis, interpretation and communication of business transaction information through accounts and financial statements. Financial accounting is governed by the International Financial Reporting Council through sets of rules including the International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS). The standard of information required and who …

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Nature Of International Business

Nature Of International Business

It’s important to understand the nature of international business. The term ‘international business’ comes from the word ‘international marketing’. Businesses in many countries used to export raw materials to nearby countries. Soon, these businesses expanded beyond the trade of raw materials to exporting processed and finished goods. Due to various factors such as the need …

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Capital Market Instruments

Capital Market Instruments

Capital market instruments typically consist of debt instruments and stock. The capital market is where governments and companies raise long term funds, normally 1 year or longer. There is a primary market, where new listings take place and a secondary market where existing securities trade. Some of the selected capital market instruments are Bonds, Debentures, …

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Functions Of Merchant Banking

Functions Of Merchant Banking

There are different kinds of financial institutions with each offering specific offerings to serve corporations and the general public. These institutions include commercial banks, investment banks and merchant banks. A merchant bank facilitates trade and its services are limited to corporates, high net worth individuals and small to medium enterprises. The services of merchant banks …

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