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Financial Management

Financial Management. Introduction to Business Lecture 45. Income Statement. A statement which tells income or loss. It is also called profit and loss account. Revenue Vs. Profit. Revenue is income. Profit is obtained after deducting expenses from revenue. Trading Concern.

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Financial Management

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  1. Financial Management Introduction to Business Lecture 45

  2. Income Statement • A statement which tells income or loss. • It is also called profit and loss account.

  3. Revenue Vs. Profit • Revenue is income. • Profit is obtained after deducting expenses from revenue.

  4. Trading Concern • An organization which buys goods for reselling.

  5. Finance • Thinking and considering for long term investments. • Generating revenues to pay back these investments. • To perform day to day activities of an organization.

  6. Ratio Analysis • Ratios tell us relationship among financial figures. • These can be: • Relationship between current assets and current liabilities.

  7. Budgeting • A plan or an estimate for future expenses and revenues. • It will be prepared before the start of the business.

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