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Describe the basic requirements of an effective financial system?

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Basic requirements of an effective financial system?

The financial system is a complex mix of financial intermediaries, markets, instruments, policy markets, and regulations that interact to expedite the flow of financial capital from savings into investment.


What are the requirements of an effective control system?

An effective control system requires clear and specific objectives, reliable performance measures, timely feedback mechanisms, and flexibility to adapt to changes. It should also have a system of accountability and follow-up procedures to ensure corrective actions are taken when needed.


What are some examples of financial and human resources necessary to ensure the effective operation of the ohs system?

One of the examples of fniancial and human resources necessary to ensure the effective operation of the OHS System is the Health and Safety System for personnel.


What are the functional and non functional requirements of a payroll system?

The functional requirements of a payroll system describe what the payroll system is the salary computed for each employee automatically. The non functional requirement of the payroll system would be the response time for calculations.


Describe four types of non-functional requirements that may be placed on a system Give examples of each of these types of requirement?

reliability avalability efficiency dependability


What are some fis definition?

Here are a few Financial Information System (FIS) definitions: FIS is a system that provides financial data and processes to support managerial decision-making within an organization. FIS integrates various financial functions such as accounting, budgeting, planning, and forecasting to streamline financial operations. FIS helps in collecting, processing, and reporting financial information accurately and timely for effective financial management. FIS often includes software applications such as Enterprise Resource Planning (ERP) systems to manage financial data efficiently.


Write the system requirement for installing tally 9?

Write the system requirement for installing tally 9?


What are the function of a finance department?

The main functions of the finance department are to put in place an effective financial cost effective control system including trimming wasteful expenditure, centralized accounting system, and help in boosting production output of the company.


What are the basic requirements or an effective financial system?

This answer requires an opinion, With that said, an effective financial system usually has a currency that is sound and which investors domestically and in foreign markets have positive reasons for buying that currency, such as buying the Japanese Yen or the US dollar. It is termed a positive in that aside of speculation, trading in the currency markets, the reason is that they have intentions of making purchases in the country's products which normally requires using that country's currency. As an example, if Japan wishes to buy US lumber, then the price is generally in dollars. The potential buyer in Japan must buy, for the most part, the lumber in US dollars.Another requirement for an efficient financial system, is a good degree of stability in the economics and the existing financial market of a particular nation. Using the term efficient in the last sentence is not redundant. Sustaining and growing an efficient set of markets usually begins by having at least the prospect of a better one.Aside from what is mentioned previously, a primary requirement is a stable government, that believes in the value of free trading. And, has a strong record of maintaining one.


What are the nature of the financial system?

nature of financial system in India?


What are the key components of the financial system?

There are majorly 2 components of financial system one is formal financial system and another one is informal financial system. under the formal financial system there are 4 components 1)Financial Intermediaries 2)Financial Markets 3)Regulators 4)financial instruments in informal financial system neighbours ,relatives,landlords,local trader are there