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Break the phrase down into its parts. Financial refers to money -- whether owed by you or due to you. Commitments are obligations. Financial commitments would be your obligations to pay money to a company or person. These are typically owed regularly. Examples of Personal Financial Commitments include:
- child support; garnishments
- legal - liens and judgments
- other legal garnishments
- food
- house - mortgage payments
- apartment rental payments
- car payments
- gas, auto upkeep
- utility payments
- phone payments
- cellphone payments
- credit card payments
- clothing expenses
What else can I help you with?
What is current laibilities?
The outstanding financial commitments a company has at the time of enquiring what these liabilities are
What is contingencies and commitments?
Contingencies and commitments refer to financial obligations and potential liabilities an organization may face. Contingencies are uncertain future events that could impact financial statements, such as lawsuits or warranty claims, while commitments are binding agreements or contracts to make future payments or expenditures, like lease agreements or purchase orders. Both concepts are important for financial planning and reporting, as they help assess the potential risks and obligations an entity may encounter. Proper management of contingencies and commitments is crucial for maintaining financial stability and transparency.
What tool in FM Suite can be used to validate all commitments and obligations in the GAFS-BL?
In FM Suite, the tool used to validate all commitments and obligations in the GAFS-BL is the "Commitment and Obligation Validation" module. This module allows users to ensure that all financial commitments align with organizational policies and budget constraints. It provides a comprehensive overview of commitments, enabling effective tracking and management of financial obligations.
What is meant by the phrase financial domination?
The term financial domination refers to an overbearing female and a submissive male. The female coerces money from the male in a number of ways, including manipulation techniques. The male involved generally finds the process alluring.
What is meant by the phrase trans ocean?
The phrase trans ocean is meant to mean across the ocean. Trans ocean is meant to be the same as transocean, which is not a word but a shorter version of transoceanic, to which it is meant to have a similar meaning.
What is meant by the phrase soft tissue?
this
What is meant by the phrase a wallpaper your desktop?
The phrase a wallpaper on your desktop can mean that your desktop is covered in papers. This can be meant on your computer or your actual desk.
What is meant by the phrase markets talk?
The term, markets talk, refer to how the movements and price action seen in financial markets serve as a sentiment index for various socio-political factors.
What is meant by the phrase marry for money?
The phrase "marry for money" is when two people getting married for the sake of financial gain for both parties involved. In some cases one person is richer than the other, so the poorer person is marrying for money.
Why is it necessary to document and record financial commitments?
Documenting and recording financial commitments is essential for maintaining accurate financial records, ensuring accountability, and facilitating informed decision-making. It helps organizations track their obligations, manage cash flow, and comply with legal and regulatory requirements. Additionally, proper documentation provides a clear audit trail, which is crucial for financial transparency and can aid in resolving disputes or discrepancies. Overall, it fosters effective financial management and enhances organizational integrity.
Who loads funds into the accounting system to ensure commitments and obligations have funds available for spending?
Financial Analysis Office (FMA)
Who loads funds in to the accounting system to ensure commitments have funds available for spending purposes?
Financial Analysis Office (FMA)
