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Risk taking is the part of the management duties, because without risk there can be no profit as the old saying goes: "High Risk High Profit, Low Risk Low Profit"
But in the financial institutions where there is a transactions are about millions of dollars or thousands of dollars, management has to anticipate and take the proactive measures to invest the money.
But approximately all the risk which are taken are measured risks.
What else can I help you with?
What do you mean by financial institution department?
An establishment that focuses on dealing with financial transactions, such as investments, loans and deposits. Conventionally, financial institutions are composed of organizations such as banks, trust companies, insurance companies and investment dealers. Almost everyone has deal with a financial institution on a regular basis. Everything from depositing money to taking out loans and exchange currencies must be done through financial institutions.
The meaning of repossession?
Repossession is generally used to refer to a financial institution taking back an object that was either used as collateral or rented or leased in a transaction.
What do you see in a bank?
In a bank, taking a "bank" to mean a mound of earth, you see plants, soil and small animals. In a bank, taking a "bank" to mean an financial institution, you see people, desks, machines and counters.
What is the interest on 15000 for one year?
That will depend on the bank or other financial institution you are dealing with and whether you are investing or taking a loan. So it could be many different rates. So there is no single answer.
Why is accounting regarded as an aid to management?
Accounting as an Aid to ManagementAccounting asan aid to management:The main object of Accounting is to record financial transaction systematically in the books of accounts and to find out profit-loss and financial position of a business. Ascertainment of profit-loss and financial position, interpretation and analysis of accounts and statements, development of accounting system, collection of statistical and economic data, formulation of financial principles and financial planning and controlling result as per plan etc. are the main function of accounting. In the modern age accounting is directly related with financial management. The function of management are planning, organizing, collecting business elements, motivating, coordinating and budgeting etc.Accounting helps the management in the following ways:(1)Planning:Proper planning is very much needed for successful completion of various management activities. These planning – cash planning, sales planning, procurement planning, determining quantity of stock, development of planning, fixing up target – profit et are very much dependent on accounting data and information.(2)Organization:Accounting plays a very vital role in proper execution of the important function of management-organization. Accounting helps management-organization by providing information likepercentageof profit over capital, capitalinvestmentposition, management efficie3ncy in controlling etc.(3)Motivation:Labor-employees are to be motivated for achieving expectedperformance. Financial help is one of the main motivating factors of work. The management is to be aware of financial position of the business for providing financial benefits. Accounting helps the management by providing necessary information for taking proper decision.(4)Co-ordination:One of the main function of the management is to achieve the final target of the business by coordinating various activities of different departments. Accounting helps in coordinating various activities of different department of the business.(5)Control:The main function of the modern management are planning and controlling. Controlling is essential for completion of activities according to plan. Accounting can help management much in controlling.(6)Preparation of final accounts:The management’s responsibility is to communicate operating results for a certain period and financial position of a business concern to the owners and parties concerned.(7)Media of communication:Accounting plays a vital role as a media in communicating various information of different departments,business and managementplan of action to various departments.(8)Budgeting:Preparation of various budgets is essential to run the business successfully. Thehistorical informationwhich is needed in preparation of budget is supplied by accounting.(9)Professional advice:An efficient and honest accountant helps the management with valuable professional advice for the development of its business. In the modern age with the complexities ofbusiness managementhas also become complex. In this aspect the role of accounting is very important. Accounting is an essential tool of management.
Different between non deposit taking institution and deposit taking?
NBFC stands for Non-Banking Financial Company. It is a company that provides financial services to customers but does not accept customer deposits and provide deposit accounts (like savings account, checking account etc.) A Bank is a deposit taking institution that provides banking and financial services to customers.
What is the difference between program management and project management?
Program Management is the management (non-technical) of several projects at the same time taking into consideration their interdependencies as well the organization's goal. Program Managers deal with Project Managers, as well as upper management/high profile stakeholders.Project Management is usually about managing one project and getting that project done. Project Managers deal directly with resources.
Should a Charitable institution seek profit?
A Charitable institution needs to be able to fund its operations in the face of variable income and occasional hard times. To do that it needs to accumulate a financial reserve and that requires taking in a bit more than it sends out. It may not be called a "profit" but it performs the same function in the financial life of the institution. The primary difference between this and a truly for profit institution is that besides salaries no individual or group of shareholders owns that extra and it stays under the control of the management.
Explain management information system taking university as an example?
financial accounting system
What do you mean by financial institution department?
An establishment that focuses on dealing with financial transactions, such as investments, loans and deposits. Conventionally, financial institutions are composed of organizations such as banks, trust companies, insurance companies and investment dealers. Almost everyone has deal with a financial institution on a regular basis. Everything from depositing money to taking out loans and exchange currencies must be done through financial institutions.
Can I get a scholarships for online financial management courses?
I don't know if these are best, but Kaplan university could be of great help when taking some financial management courses. Elm college could be another place to go to.
Who would benefit from taking a strategic management class?
Many kinds of people can benefit from a strategic management class. For example, a business owner can benefit greatly. Managers and organization officers will also benefit.
The meaning of repossession?
Repossession is generally used to refer to a financial institution taking back an object that was either used as collateral or rented or leased in a transaction.
What do you see in a bank?
In a bank, taking a "bank" to mean a mound of earth, you see plants, soil and small animals. In a bank, taking a "bank" to mean an financial institution, you see people, desks, machines and counters.
What is the difference between general purpose financial reports and special purpose financial reports?
General purpose financial reports are a common set of reports issued by most companies. Special purpose financial reports are specific reports related to individual events.
How can I effectively learn project management?
To effectively learn project management, you can start by studying project management principles and methodologies, taking courses or obtaining certifications in project management, gaining practical experience through internships or projects, and seeking mentorship from experienced project managers. Additionally, practicing good communication, time management, and problem-solving skills will help you succeed in project management.
What is the interest on 15000 for one year?
That will depend on the bank or other financial institution you are dealing with and whether you are investing or taking a loan. So it could be many different rates. So there is no single answer.
