What is the Balance of Payments? Describe the main components of the UK balance of payments. What is the Current Account? What is visible trade and invisible trade?
Posts published in “FINANCE”
Financial planning is process of creating a roadmap to your financial goals - understanding current financial situation, setting goals and reaching them.
This article describes the four basic functions and forms of money. It also explains the main measures of the money supply.
Monetary policy is concerned with the money supply to the economy, interest and the amount of credit available to households and firms.
This post describes the difference between income and wealth. It outlines basic problems of unfair and unequal distribution of income.
Cost Benefit Analysis (CBA) is a method which attempts to evaluate the social costs and benefits of a proposed economic activity.
This article describes canons of TAXation and describes characteristics of a ‘good TAX’. It also explains three different TAX systems.
This post answers questions regarding internal cash control in a business. Specifically, how to account transactions related to working capital control.
Working Capital control is one of the most important task of the Finance Manager in a business organization. Every business must pay its daily expenses.
You cannot survive as a business manager, if you cannot manage your company’s cash flow. Here are five worst cash-flow mistakes of small businesses.
When companies need money, they have many choices of sources of finance. And, the choice they make can tell you more about the company.
This article explains basic accounting structures that exist in a business. The record to keep track in financial statements items is an account.
These four steps to manage cash flow will help you keep track of the money coming in and out of your growing company.
This article introduces Direct TAXation and Indirect TAXation. It also explains reasons for TAXation and describes the impact of TAXation on incentives.
This article defines investment and answers why businesses invest. It also explains Marginal Efficiency of Capital (MEC) and the determinants of planned investment.
This article defines consumption and saving as well as introduces The Average Propensity to Consume (APC) and The Marginal Propensity to Consume (MPC).
This article reviews the concept of the Circular Flow of Income (CFOI), National Income Equilibrium, Paradox of Thrift and The Multiplier Effect.