Financial Management: Basics on Financial Management
| Date of acession | 2024-12-18T12:47:44Z | |
| Date of availability | 2024-12-18T12:47:44Z | |
| Date of issue | 2013 | |
| Abstract | An introduction to essential financial concepts for business management, focusing on the handling of revenue, expenditures, profit, loans, credit, and investments is provided. It explains how revenues come from sales, grants, and other sources, while expenditures include costs such as purchases, rent, and interest payments. The document differentiates between fixed costs (constant expenses like rent) and variable costs (costs that fluctuate with sales volume). Profit is defined as the difference between revenues and expenditures. It also covers loans and credit, illustrating the differences and implications of borrowing money or purchasing items on credit. Finally, it introduces the concept of investment as spending money to generate more revenue, explaining how this can involve both internal savings and loans. | |
| URL | https://hub.ifdc.org/handle/20.500.14297/3353 | |
| Language | en | |
| Title | Financial Management: Basics on Financial Management | |
| Type | Learning Object |