Nature of Financial Management

Nature of Financial Management

Financial Management is a management function that is concerned with planning, organizing, directing and controlling the financial resources of a business to maintain or improve the financial performance and position of owners of the business. While the ordinary purpose of management is to provide a good or service to customers financial managements role is to ensure that …

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Role of Entrepreneurship in Economic Development

Role of Entrepreneurship in Economic Development

This article explains the role of entrepreneurship in economic development. What is Entrepreneurship? Entrepreneurship is the process of identifying a business opportunity and assuming the risk of creating and running a business in order to exploit that opportunity. There are two types of entrepreneurs, the innovative one who brings new products and services and the …

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The Scope of Financial Management

Scope of Financial Management

What Is Financial Management? Financial management is a function of management that plans, organizes, directs and controls the financial resources of an organisation. This article explains the scope of financial management. Scope of Financial Management Financial management’s scope covers many decisions within an organisation that fall into one of four main decision groups. Investment decisions …

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Types of Barriers of Communication

Types of Barriers of Communication

This article explains the various types of communication barriers. What is communication The commonly used definition of communication which was developed from communication systems describes communication as the transmitting of information from a source to a destination through a specific channel. Communication is simply the process of sending and receiving messages or information. It is …

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Types of Debentures

Types of Debentures

This article will outline the different types of debentures. What is a Debenture Debentures are long term debt instruments issued or sold by private corporate entities that pay coupons (interest payments) and return the face value at maturity. They are the most common type of debt capital market instruments issued for long term capital needs. …

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Types of Speculators

Types of Speculators

This article will explain the different types of speculators. What is a Speculator A speculator is any entity or individual that attempts to make opportunistic profits from changes in the prices of financial instruments over the short term. Speculators can be banks, entities from the corporate and foreign sector as well as individuals from the …

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