The most
important legal forms of companies and financial management function and
characteristics of the financial position and financial management
relationship to other sciences and the difference between the science of
accounting and financial management
Legal forms for businesses
Are three types
1 - individual companies : companies are owned by one person and that works for its own profit or her. Are mostly small in size
2 - Companies people: be owned by two or more people they work together to achieve company profits. It is usually the largest volume of individual companies
3 - Funds: companies , public funds or contribute is a body corporate has described and have the same legal force people from where they can prosecute or charge , and Real Estate owns its name.
Financial management function
1 - Analysis and Financial Planning : In terms of (a - analysis of financial data and turn it into information - b - Preparation of budgets relating to income )
2 - management structure of the company's assets : In terms of (a - determine the size of the investment in each of the assets traded short-term and long-term _ b - to maintain the optimum level for each element of assets - c - recommending the use of fixed assets)
3 - Management of the company 's financial structure : in terms of : (a - determine the size of the most appropriate mix of funding - b - identify the source of funding - c placement of the Governing Council for making the distribution of profits )
4 - coordination with other management
5 - to intervene with financial and monetary markets
Characteristics of Financial Position :
1 - they interfere in all the company 's activities , all activities undertaken by the company has a face Mali
2 - The taking any financial decision is a binding decision of the company not enabled undo this decision only heavy losses
3 - that some financial decisions are fateful decisions
4 - The results of the financial decisions do not appear immediately , but may take a long time
Financial management relationship to other sciences
A - Economics and Financial Management
B - Accounting and Financial Management
T - production, marketing and financial management
W - Computer - mail and financial management
The main points of difference between the science of accounting and financial management
1 - emphasis on financial flows
2 - decision-making
Are three types
1 - individual companies : companies are owned by one person and that works for its own profit or her. Are mostly small in size
2 - Companies people: be owned by two or more people they work together to achieve company profits. It is usually the largest volume of individual companies
3 - Funds: companies , public funds or contribute is a body corporate has described and have the same legal force people from where they can prosecute or charge , and Real Estate owns its name.
Financial management function
1 - Analysis and Financial Planning : In terms of (a - analysis of financial data and turn it into information - b - Preparation of budgets relating to income )
2 - management structure of the company's assets : In terms of (a - determine the size of the investment in each of the assets traded short-term and long-term _ b - to maintain the optimum level for each element of assets - c - recommending the use of fixed assets)
3 - Management of the company 's financial structure : in terms of : (a - determine the size of the most appropriate mix of funding - b - identify the source of funding - c placement of the Governing Council for making the distribution of profits )
4 - coordination with other management
5 - to intervene with financial and monetary markets
Characteristics of Financial Position :
1 - they interfere in all the company 's activities , all activities undertaken by the company has a face Mali
2 - The taking any financial decision is a binding decision of the company not enabled undo this decision only heavy losses
3 - that some financial decisions are fateful decisions
4 - The results of the financial decisions do not appear immediately , but may take a long time
Financial management relationship to other sciences
A - Economics and Financial Management
B - Accounting and Financial Management
T - production, marketing and financial management
W - Computer - mail and financial management
The main points of difference between the science of accounting and financial management
1 - emphasis on financial flows
2 - decision-making
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