Financial factors consist of financial policies, financial positions and capital structure. It is an important internal factor which has a substantial impact on business functioning and performance. Financial facilities are required to start and operate the organization.
'The overall financial health of a business is determined by the quality of its financial management'. In light of the above statement, discuss some of the aspects which affect the financial health of a business.
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3
____________ not necessarily restricted to a financial year. It can extend for a period consisting of a number of years.
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Q
4
_______ is a financial statement that shows the financial status of a business entity at a particular point of time.
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Q
5
Why is it important to adopt a consistent basis for the preparation of financial statements? Explain.
Financial factors consist of financial policies, financial positions and capital structure. It is an important internal factor which has a substantial impact on business functioning and performance. Financial facilities are required to start and operate the organization.
Personal circ*mstances that influence financial thinking include family structure, health, career choice, and age. Family structure and health affect income needs and risk tolerance. Career choice affects income and wealth or asset accumulation.
To be truly wealthy, you've got to find a way to convert those figures into experiences and memories. A smart way of doing this is to split your life into five categories: Family, freedom, fitness, fun and fortune. These are known as the Five Fs.
Financial success factors include assets, equipment, and facilities. A business should control cash flow and guarantee profits through efficient financial processes. Management should understand the financial data they track and maintain competitive pricing for the best customer value.
Introduction: My name is Allyn Kozey, I am a outstanding, colorful, adventurous, encouraging, zealous, tender, helpful person who loves writing and wants to share my knowledge and understanding with you.
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