Financial management is simply a term for things about the study, management, and distribution of money in various ways. It usually deals with the question of why an organization, business or even a government decides to purchase the money necessary for its purposes – which would then be called capital in most common business terms. … Read more
A current asset, in accounting, is any asset that can reasonably be expected to sell, be consumed, or depleted over the course of the business operation within the year or fiscal year. This includes tangible assets (capital assets) and intangible assets (non-productive assets). For each type of asset there is an appropriate method of valuing … Read more
Microsoft Money is an online financial management software program developed by Microsoft. It has many features for tracking expenses, creating budgets, viewing bank account balances and managing money in the bank. Microsoft Money has been available to all users since 1993, although the earlier versions were only available on PCs. This was a major development … Read more
Liquid assets are tangible and movable assets which are easily convertible into cash in a crisis situation. Liquid assets are used by lenders to fund their loans. Examples of liquid assets include government bonds and central bank reserves. To stay alive, financial institutions must have enough liquid funds to pay withdrawals and other immediate financial … Read more
So, what is entrepreneurship? The answer depends on who you ask. As a professor in the business administration department at Harvard Business School, I often hear professors who believe that entrepreneurship is something separate from business itself. It is not as if these people are not interested in the subject. Indeed, they are typically those … Read more
In business, an asset is an intangible asset owned by an entity or a company. It is any asset that is owned or controlled by an entity and which can create positive cash flow for an entity and make a positive value for its owner. Many of the assets and liabilities in a business are … Read more
What is corporate governance? The term itself is relatively vague, and the definition can be very difficult to define. However, it is generally accepted that corporate governance encompasses a variety of elements, including policies, procedures, rules, and systems that make up the internal culture of an organisation. Corporate governance refers to the overall system of … Read more
What is comparative advantage? It is the difference between what the nation exports and what it imports. It is also referred to as an economic advantage. Economic comparative advantage refers to the relative advantage that comes from having various resources available to a nation, versus those resources available only to a specific group of people … Read more
What is business analytics? Business analytics is a broad field which drives concrete, data-based changes in an organization. The analytical side requires a high degree of technical expertise and the actual business component requires a solid foundation in computer science and statistics. Analytics is a broader field than its obvious cousin, management analytics, which focuses … Read more
Business administration covers the entire operations of a company, not just the day-to-day activities. It comprises the human resource, day-to-day operations, financial aspects of the company, management, strategic planning, and the company’s overall purpose or mission. What is Business Administration? The business is run through the business manager and has an overall goal which is … Read more