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If nothing else, a basic understanding of financial management goes a long way when making important decisions about your personal finances. By educating yourself, you become an educated consumer who will make decisions based on the actual factors involved and not what a salesman at a brokerage firm tells you.
Financial leverage is important to financial management because it will give an advantage. It allows the organization or entity to have more security.
The goal setting is an important part of the financial planning process because it will minimize the wastage and misuse of financial resources.
financial institution and financial markets are playing important roles in business inviornent
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These standards are important because external financial reporting can demonstrate financial accountability to the public. They are the basis for many legislative and regulatory decisions, as well as investment and credit policies.
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Guardianship over an adult is a legal relationship where a court appoints someone to make decisions for an individual who is deemed incapable of managing their own affairs due to age or disability. The appointed guardian is responsible for making important decisions related to the individual's health, safety, and financial matters.
The purpose of accounting is to provide important financial information in order to make fast and precise decisions.
If nothing else, a basic understanding of financial management goes a long way when making important decisions about your personal finances. By educating yourself, you become an educated consumer who will make decisions based on the actual factors involved and not what a salesman at a brokerage firm tells you.
Relationship is established when two people agree to work together. Where there is not agreement then it is assume that nothing exist. So agreement and knowledge of the person you are dating are very important.
They choose the managers of the organization and offer the salaries and compensations, set goals. For important decisions, they vote to reach an agreement.
Accountancy assists users of financial statements to make better financial decisions. It is important however to realize the limitations of accounting and financial reporting when forming those decisions. These include; 1. Different accounting policies and frameworks 2. Professional judgement 3. Limited predictive value 4. Fraud and error
The most important factor the CEO of Nascar would use to make decisions about the company's future is the financial profit or loss for all revenue streams. Each revenue stream should be analyzed to determine if it makes financial sense with the long term goals of NASCAR.