Entertain Tricks: BF

Insurance

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<h2 style="clear: both; text-align: left;"></h2>
<h2 style="background: white; margin-bottom: 0.0001pt; text-align: left; vertical-align: baseline;">
  What is Insurance
</h2>
<div>
  <p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0in; vertical-align: baseline;"></p>
  <p class="MsoNormal" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0.0001pt; text-align: justify; vertical-align: baseline;"></p>
  <p class="MsoNormal" style="background: white; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph; vertical-align: baseline;">
    <span style="font-size: 12pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">In simple term it may be defined as <b>Insurance</b> is a risk transfer
      mechanism.  It is a procedure of transfer the responsibility for
      losses occur in incident to specialists called insurance companies who may
      handle the risk by distributing it over a large number companies or
      people. <b>Insurance</b> can help you cover the cost of unexpected events
      such as theft, illness or property damage. Insurance can also provide your
      loved ones with financial payment upon your death.</span>
  </p>
  <p class="MsoNormal" style="background: white; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph; vertical-align: baseline;">
    <span style="font-size: 12pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">Insurance is an deal with an insurance companies under which you pay them
      regular amounts of money and they agree to cover up your costs if a
      definite unfortunate incident occurs,  for example a damage of
      property, accident,  illness etc. Insurance, however, may also be
      arranged for a common occurrence, such as, if you reach a assured
      age.  An occurrence covered by insurance is referred to as
      an insurance event.  The person to whom such an incident
      occurs is called the person insured.  When an insurance
      incident occurs , the insurer will pay you a definite amount of money
      referred to as an insurance benefit / claim
      paid.  </span>
  </p>
  <p class="MsoNormal" style="background: white; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph; vertical-align: baseline;">
    <span style="font-size: 12pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">The <b>insurance claim</b> will help you and may be your
      family to beat the financial difficulties that may begin from an
      insurance incident. </span>
  </p>
  <p class="MsoNormal" style="background: white; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph; vertical-align: baseline;">
    <span style="font-size: 12pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">Insurance is not provided free of charge. The insurer promises to pay you
      a benefit / claim amount as agreed in the insurance contract,
      upon the occurrence of an insurance incident.  <o:p></o:p></span>
  </p>
  <p class="MsoNormal" style="background: white; margin-bottom: 0in; text-align: justify; text-justify: inter-ideograph; vertical-align: baseline;">
    <script async="" src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>
    
    <ins class="adsbygoogle" data-ad-client="ca-pub-3227044640462692" data-ad-format="auto" data-ad-slot="7922356708" data-full-width-responsive="true" style="display: block;"></ins>
    <script>
      (adsbygoogle = window.adsbygoogle || []).push({});
    </script>

<span style="font-family: calibri, sans-serif; font-size: 12pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-fareast; mso-hansi-theme-font: minor-latin;">In addition, the insurer may charge you various fees. Hence, ask the
      insurer how much you will be required to pay in fees and other costs. Life
      insurance is particularly important in this case. </span>
  </p>

<h3 style="text-align: justify; text-justify: inter-ideograph;">
    Principles of Insurance
  </h3>

<p class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
    <span style="font-size: 12pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">The primary purpose of <b><i>insurance</i></b> is assistance. Insurance is defined as
      the reasonable transfer of risk of loss from one entity to another on the
      payment of a specified premium. <o:p></o:p></span>
  </p>
  <h4 style="text-align: justify; text-justify: inter-ideograph;">
    <span style="font-size: 12pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">Indemnity: </span>
  </h4>
  <p class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
    <span style="font-size: 12pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">It is the safety or protection against a loss or other financial
      difficulties. For purposes of <b><i>insurance contracts</i></b>, this could be viewed as
      financial compensation satisfactory to place the insured in the same
      financial position after a loss as he enjoyed immediately before it
      happened.<o:p></o:p></span>
  </p>
  <h4 style="text-align: justify; text-justify: inter-ideograph;">
    <span style="font-size: 12pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">Insurable Interest: </span>
  </h4>
  <p class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
    <span style="font-size: 12pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">Insured must have insurable concentration in the subject matter. In case
      of <b>life insurance</b>, wife and dependents have insurable interest in
      the life of the person insured. <o:p></o:p></span>
  </p>
  <p class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;"></p>
  <h4 style="text-align: justify; text-justify: inter-ideograph;">
    <p class="MsoNormal">
      <span style="font-size: 12pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">Utmost Good Faith: </span>
    </p>
    <p class="MsoNormal">
      <span style="font-size: 12pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"><span style="font-weight: normal;">Both side parties have to enter into the contract in good faith.
          Insured should make available all the information that impacts the
          subject matter, where as the Insurer should offer all the details
          regard the insurance contract. </span><o:p></o:p></span>
    </p>
  </h4>
  <p></p>
  <p></p>
</div>

Insurance

Insurance What is Insurance In simple term it may be defined as Insurance is a risk transfer mechanism. It...

Reading & Understanding Basic Financial Statements Lec # 3

Amaar 0 BF 2:05 AM

<h2 style="text-align: center;">
<span style="font-size: large;">Primary Financial Statements</span></h2>
<div>
<h3>
<span style="font-size: large;">Basic financial statements:</span></h3>
<div>
<ul>
<li><span style="font-size: large;">Balance Sheet</span></li>
<li><span style="font-size: large;">Income Statement</span></li>
<li><span style="font-size: large;">Statement of Retained Earnings</span></li>
<li><span style="font-size: large;">Statement of Cash Flows</span></li>
</ul>
</div>
</div>
<div>
<h3>
<span style="font-size: large;">Primary financial statements answer basic questions including:</span></h3>
<div>
<span style="font-size: large;">What is the company’s current financial status?</span></div>
<div>
<span style="font-size: large;">What was the company’s operating results for the period?</span></div>
<div>
<span style="font-size: large;">How did the company obtain and use cash during the period?</span></div>
</div>
<div>
<span style="font-size: large;"><br /></span></div>
<h3>
<span style="font-size: large;">The Balance Sheet</span></h3>
<div>
<span style="font-size: large;">Summary of the financial position of a company at a particular date.</span></div>
<div>
<b><span style="font-size: large;"><br /></span></b></div>
<div>
<div>
<span style="font-size: large;"><b>Assets:</b> cash, accounts receivable, inventory, land, buildings, equipment and intangible items</span></div>
<div>
<span style="font-size: large;"><b>Liabilities:</b> accounts payable, notes payable and mortgages payable.</span></div>
<div>
<span style="font-size: large;"><b>Owners’ Equity:</b> net assets after all obligations have been satisfied.</span></div>
</div>
<div>
<span style="font-size: large;"><br /></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQyioLvMJ-vUQ20FgBq_ia4Qs21LJ8ueFiuTy_gx6VKjhZi0t_T2As74i1_FFOYnMZbFjTpXKQHmSG6sjw4TjgRmarh5UZ22gk2Bj-ibB9Dy18QG5FHF5FYIOkv6w2pmoPxshqyxuX7vl_/s1600/bs.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-size: large;"><img border="0" height="296" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQyioLvMJ-vUQ20FgBq_ia4Qs21LJ8ueFiuTy_gx6VKjhZi0t_T2As74i1_FFOYnMZbFjTpXKQHmSG6sjw4TjgRmarh5UZ22gk2Bj-ibB9Dy18QG5FHF5FYIOkv6w2pmoPxshqyxuX7vl_/s400/bs.png" width="400" /></span></a></div>
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<h3>
<span style="font-size: large;">The Income Statement</span></h3>
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<div>
<span style="font-size: large;">Shows the results of a company’s operations over a period of time.</span></div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<span style="font-size: large;">What goods were sold or services performed that provided revenue for the company?</span></div>
<div>
<span style="font-size: large;">What costs were incurred in normal operations to generate these revenues?</span></div>
<div>
<span style="font-size: large;">What are the earnings or company profit?</span></div>
</div>
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<span style="font-size: large;"><br /></span></div>
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<b><span style="font-size: large;">Revenues</span></b></div>
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<span style="font-size: large;">Assets (cash or AR) created through business operations</span></div>
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<b><span style="font-size: large;">Expenses</span></b></div>
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<span style="font-size: large;">Assets (cash or AP) consumed through business operations</span></div>
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<b><span style="font-size: large;"><br /></span></b></div>
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<b><span style="font-size: large;">Net Income or (Net Loss)  == Revenues – Expenses</span></b></div>
<div>
<span style="font-size: large;"><br /></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwtrRewfCSaU5GYcHLGkxBVgimPl1pFjwVTbxbsivia8aDupg3sPLVFew7MK38KQAWAwUgkCtoDyerfYNwfbfKCXKFr562d1EVdA1qRQcUYrTIo6GuaNcdE3n2GEPtM3G4RkSD2IA0qw8v/s1600/is.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-size: large;"><img border="0" height="296" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwtrRewfCSaU5GYcHLGkxBVgimPl1pFjwVTbxbsivia8aDupg3sPLVFew7MK38KQAWAwUgkCtoDyerfYNwfbfKCXKFr562d1EVdA1qRQcUYrTIo6GuaNcdE3n2GEPtM3G4RkSD2IA0qw8v/s400/is.png" width="400" /></span></a></div>
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<h3>
<span style="font-size: large;">Statement of Retained Earnings</span></h3>
<div>
<span style="font-size: large;">An additional financial statement that identifies changes in retained earnings from one accounting period to the next.</span></div>
<div>
<span style="font-size: large;"><br /></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7CZfQr6aOuLjWj7Gi86F7JUi_DnuDTN3dd_SubYSXVJAyWpEwvE8wbJRl0Qf0GP3C2wdl3YC_WFFL50nt_2iwpCVhbwtpySPUWyGIWrf-jZwVnE4prkO1Z82iP6OgwYsLP3H_v7YOAmqB/s1600/cf.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-size: large;"><img border="0" height="257" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7CZfQr6aOuLjWj7Gi86F7JUi_DnuDTN3dd_SubYSXVJAyWpEwvE8wbJRl0Qf0GP3C2wdl3YC_WFFL50nt_2iwpCVhbwtpySPUWyGIWrf-jZwVnE4prkO1Z82iP6OgwYsLP3H_v7YOAmqB/s400/cf.png" width="400" /></span></a></div>
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<span style="font-size: large;"><br /></span></div>
<h3>
<span style="font-size: large;">Statement of Cash Flows</span></h3>
</div>
<div>
<div>
<span style="font-size: large;">Reports the amount of cash collected and paid out by a company in operating, investing and financing activities for a period of time.</span></div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<ul>
<li><span style="font-size: large;">How did the company receive cash?</span></li>
<li><span style="font-size: large;">How did the company use its cash?</span></li>
<li><span style="font-size: large;">Complementary to the income statement.</span></li>
<li><span style="font-size: large;">Indicates ability of a company to generate income in the future.</span></li>
</ul>
<div>
<span style="font-size: large;"><br /></span></div>
</div>
</div>
<div>
<div>
<b><span style="font-size: large;">Cash inflows</span></b></div>
<div>
<ul>
<li><span style="font-size: large;">Sell goods or services</span></li>
<li><span style="font-size: large;">Sell other assets or by borrowing</span></li>
<li><span style="font-size: large;">Receive cash from investments by owners</span></li>
</ul>
</div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<b><span style="font-size: large;">Cash outflows</span></b></div>
<div>
<ul>
<li><span style="font-size: large;">Pay operating expenses</span></li>
<li><span style="font-size: large;">Expand operations, repay loans</span></li>
<li><span style="font-size: large;">Pay owners a return on investment</span></li>
</ul>
</div>
</div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<span style="font-size: large;">You can download complete lecture with below link</span></div>
<div>
<br /></div>
<div style="text-align: center;">
<b><span style="font-size: x-large;"><a href="https://drive.google.com/open?id=0B1jukj_D3MRzSzBOOVZETnYybmc" target="_blank">Download Here</a></span></b></div>
<div>
<br /></div>

Reading & Understanding Basic Financial Statements Lec # 3

Primary Financial Statements Basic financial statements: Balance Sheet Income Statement Statement of Retained Earnings Statement o...

Reading & Understanding Basic Financial Statements Lec # 03

Amaar 0 BF 5:13 PM

<h3 style="text-align: center;">
<span style="font-size: large;">Reading & Understanding Basic Financial Statements</span></h3>
<h3>
<span style="font-size: large;">Agenda</span></h3>
<div>
<div>
<span style="font-size: large;">Purpose of financial statements</span></div>
<div>
<span style="font-size: large;">The Balance Sheet</span></div>
<div>
<span style="font-size: large;">The Income Statement</span></div>
<div>
<span style="font-size: large;">Statement of Retained Earnings</span></div>
<div>
<span style="font-size: large;">Statement of Cash Flows</span></div>
<div>
<span style="font-size: large;">Standards for comparison</span></div>
<div>
<span style="font-size: large;">Tools of analysis</span></div>
</div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<h3 style="text-align: center;">
<span style="font-size: large;">Primary Financial Statements</span></h3>
</div>
<div>
<div>
<ol>
<li><span style="font-size: large;">Balance Sheet</span></li>
<li><span style="font-size: large;">Income Statement</span></li>
<li><span style="font-size: large;">Statement of Retained Earnings</span></li>
<li><span style="font-size: large;">Statement of Cash Flows</span></li>
</ol>
</div>
</div>
<h4>
<span style="font-size: large;">Primary financial statements answer basic questions including</span></h4>
<div>
<div>
<span style="font-size: large;">What is the company’s current financial status?</span></div>
<div>
<span style="font-size: large;">What was the company’s operating results for the period?</span></div>
<div>
<span style="font-size: large;">How did the company obtain and use cash during the period?</span></div>
</div>
<h3>
<div style="text-align: center;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: center;">
<span style="font-size: large;">The Balance Sheet</span></div>
<div style="text-align: center;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: center;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: left;">
<span style="font-weight: normal;"><span style="font-size: large;">Summary of the financial position of a company at a particular date</span></span></div>
<div style="text-align: left;">
<span style="font-weight: normal;"><span style="font-size: large;"><br /></span></span></div>
<div style="text-align: left;">
<span style="font-weight: normal;"><span style="font-size: large;"><br /></span></span></div>
<span style="font-size: large;">Assets: <span style="font-weight: normal;"> Cash, accounts receivable, inventory, land, buildings, equipment and intangible items.</span></span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">Liabilities:<span style="font-weight: normal;"> Accounts payable, notes payable and mortgages payable.</span></span><br />
<br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">Owners’ Equity:<span style="font-weight: normal;"> Net assets after all obligations have been satisfied.</span></span><br />
<div style="text-align: left;">
<span style="font-weight: normal;"><span style="font-size: large;"><br /></span></span></div>
</h3>
<h3 style="text-align: left;">
<div style="text-align: center;">
<span style="font-weight: normal;"><span style="font-size: large;"><br /></span></span></div>
<span style="font-weight: normal;"><div style="text-align: center;">
<span style="font-size: large;">The Income Statement</span></div>
</span></h3>
<span style="font-weight: normal;"><span style="font-size: large;">Shows the results of a company’s operations over a period of time.</span></span><br />
<span style="font-weight: normal;"><span style="font-size: large;">What goods were sold or services performed that provided revenue for the company?</span></span><br />
<span style="font-weight: normal;"><span style="font-size: large;">What costs were incurred in normal operations to generate these revenues?</span></span><br />
<br />
<span style="font-weight: normal;"><span style="font-size: large;">What are the earnings or company profit?</span></span><br />
<span style="font-weight: normal;"><span style="font-size: large;"><br /></span></span>
<span style="background-color: orange; font-weight: normal;"><span style="font-size: large;">NOTE: For further details please download the full document from link given below.</span></span><br />
<span style="font-weight: normal;"><span style="font-size: large;"><br /></span></span>
<span style="font-weight: normal;"><span style="font-size: large;"><br /></span></span>
<br />
<h3 style="text-align: center;">
<span style="background-color: #38761d;"><u><a href="https://www.dropbox.com/home/BF?preview=BF-C%233+Financial+Stat.ppt" target="_blank"><span style="font-size: large;">Click Here To Download</span></a></u></span></h3>
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Reading & Understanding Basic Financial Statements Lec # 03

Reading & Understanding Basic Financial Statements Agenda Purpose of financial statements The Balance Sheet The Income Stateme...

Time Value of Money Lec # 02

Amaar 0 BF 5:00 PM

<h2 style="text-align: center;">
<span style="font-size: large;">The Interest Rate</span></h2>
<div>
<div>
<span style="font-size: large;">Simple Interest</span></div>
<div>
<span style="font-size: large;">Compound Interest</span></div>
<div>
<span style="font-size: large;">Amortizing a Loan</span></div>
<div>
<span style="font-size: large;">Compounding More Than Once per Year</span></div>
</div>
<div>
<span style="font-size: large;"><br /></span></div>
<h3 style="text-align: center;">
<span style="font-size: large;">Types of Interest</span></h3>
<div>
<h4>
<span style="font-size: large;">Simple Interest</span></h4>
<div>
<span style="font-size: large;">Interest paid (earned) on only the original amount, or principal, borrowed (lent).</span></div>
</div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<h4>
<span style="font-size: large;">Compound Interest</span></h4>
<div>
<span style="font-size: large;">Interest paid (earned) on any previous interest earned, as well as on the principal borrowed (lent).</span></div>
</div>
<h3>
<div style="text-align: center;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: center;">
<span style="font-size: large;">Simple Interest Formula</span></div>
<div style="text-align: center;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: center;">
<span style="background-color: orange;"><span style="font-size: large;">I=PRT</span></span></div>
<div style="text-align: left;">
<span style="font-size: large; font-weight: normal;">Where As:</span></div>
<div style="text-align: left;">
<span style="font-size: large; font-weight: normal;">I=Interest<br />P=Principle<br />R=Rate of Interest<br />T=Time Period</span></div>
</h3>
<h4>
<span style="font-size: large;">Future Value: </span></h4>
<h4>
<span style="font-size: large; font-weight: normal;">It is the value at some future time of a present amount of money, or a series of payments, evaluated at a given interest rate.</span></h4>
<h4>
<span style="font-size: large;">The “Rule-of-72”</span></h4>
<h3 style="text-align: center;">
<span style="font-size: large;">What is Annuity?</span></h3>
<div>
<div>
<span style="font-size: large;">An Annuity represents a series of equal payments (or receipts) occurring over a specified number of equidistant periods</span></div>
<div>
<span style="font-size: large;"><br /></span></div>
<h3 style="text-align: center;">
<span style="font-size: large;">Types of Annuities</span></h3>
</div>
<div>
<span style="font-size: large;"><b>Ordinary Annuity: </b> </span></div>
<div>
<span style="font-size: large;">Payments or receipts occur at the end of each period.</span></div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<b><span style="font-size: large;">Annuity Due: </span></b></div>
<div>
<span style="font-size: large;">Payments or receipts occur at the beginning of each period</span></div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<span style="background-color: orange;"><span style="font-size: large;">Note: ALL TYPES AND FORMULAS WITH PROBLEMS ARE GIVEN IN THE PDF FILE GIVEN BELOW, KINDLY DOWNLOAD IT.</span></span></div>
<div>
<span style="background-color: orange;"><span style="font-size: large;"><u><br /></u></span></span></div>
<div style="text-align: center;">
<span style="background-color: #b45f06; font-size: large;"><u><a href="https://www.dropbox.com/home/BF?preview=BF-C%232.ppt" target="_blank">DOWNLOAD HERE</a></u></span></div>
<div>
<br /></div>

Time Value of Money Lec # 02

The Interest Rate Simple Interest Compound Interest Amortizing a Loan Compounding More Than Once per Year Types of Interest ...

An Introduction to Business Finance Lec # 1

Amaar 0 BF 12:19 AM

<span style="font-size: large;">Hey Guys how are you? I hope you would be fine. Today's Lecures is given below, this lecture is divided into 4 sections.which is explained and Provided by Sir Riaz Ahmed Shaikh. </span><br />
<span style="font-size: large;"><br /></span>
<br />
<h3 style="text-align: center;">
<span style="font-size: large;">An Introuction to Business Finance</span></h3>
<h4 style="text-align: center;">
<span style="font-size: large;">Section 1: Role and Scope of Finance</span></h4>
<div style="text-align: left;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: left;">
<b><span style="font-size: large;">What is Finance?</span></b></div>
<div style="text-align: left;">
<span style="font-size: large;">A term that refers to two main activities;</span></div>
<div style="text-align: left;">
</div>
<ol>
<li><span style="font-size: large;">The actual process of attracting money.</span></li>
<li><span style="font-size: large;">The of these funds.</span></li>
</ol>
<br />
<b><span style="font-size: large;">The Function of Finance:</span></b><br />
<br />
<ul>
<li><span style="font-size: large;">Analysis </span></li>
<li><span style="font-size: large;">Decision Making</span></li>
</ul>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<b><span style="font-size: large;">The Areas of Finance:</span></b></div>
<br />
<div>
<span style="font-size: large;"> Business or Corporate Finance-the firm’s ability to make good finance decisions.</span></div>
<div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<span style="font-size: large;"> Personal Finance-retirement provision, saving plans etc.</span></div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<span style="font-size: large;"> Public Finance-income distribution, stability plans etc.</span></div>
</div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<b><span style="font-size: large;"><br /></span></b></div>
<div>
<b><span style="font-size: large;">Finance Vs Accounting:</span></b></div>
<div>
<div>
<span style="font-size: large;">Financial Accounting concentrates on record keeping and submitting of financial statements.</span></div>
</div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<span style="font-size: large;">Finance focuses on making decisions and carrying out analysis based on information presented by accounting.</span></div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<span style="font-size: large;">Financial Accounting tends to be more concerned with the past.</span></div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<span style="font-size: large;">Finance tend to be more interested in present and the future.</span></div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<span style="font-size: large;">Financial Accounting  tends to have an income focus.</span></div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<span style="font-size: large;">Finance tends to have a cash flow focus.</span></div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<b><span style="font-size: large;"><br /></span></b></div>
<div>
<b><span style="font-size: large;">Types of Financial Decision:</span></b></div>
<div>
<span style="font-size: large;">Investment Decisions</span></div>
<div>
<div>
<span style="font-size: large;">Financing Decisions</span></div>
<div>
<span style="font-size: large;">Asset Management Decisions</span></div>
<div style="font-weight: bold;">
<span style="font-size: large;"><br /></span></div>
</div>
<div style="font-weight: bold;">
<span style="font-size: large;"><br /></span></div>
<div style="font-weight: bold;">
<span style="font-size: large;">Investment Decisions:</span></div>
<div>
<div>
<span style="font-size: large;">Should we built this component or buy it?</span></div>
<div>
<span style="font-size: large;">What specific assets should be acquired?</span></div>
<div>
<span style="font-size: large;">Should we introduce a new product?</span></div>
<div>
<span style="font-size: large;">Which projects should be undertaken?</span></div>
<div>
<span style="font-size: large;"><br /></span></div>
<div style="font-weight: bold;">
<span style="font-size: large;">Financing Decisions:</span></div>
</div>
<div>
<div>
<span style="font-size: large;">What is the best structure of financing(debt versus equity)?</span></div>
<div>
<span style="font-size: large;">How much of our debt should be short-term as opposite to long-term?</span></div>
<div>
<span style="font-size: large;">What is the best dividend policy?</span></div>
<div>
<span style="font-size: large;">How will the funds be physically acquired?</span></div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<b><span style="font-size: large;">Asset - Management Decisions:</span></b></div>
<div>
<div>
<span style="font-size: large;">How do we manage existing assets efficiently?</span></div>
<div>
<span style="font-size: large;">Financial Manager has varying degrees of operating responsibility over assets.</span></div>
<div>
<span style="font-size: large;">Greater emphasis on current asset management than fixed asset management.</span></div>
<div style="font-weight: bold;">
<span style="font-size: large;"><br /></span></div>
</div>
<div style="font-weight: bold;">
<span style="font-size: large;">The Goal of the Business:</span></div>
</div>
<div>
<div>
<span style="font-size: large;">The target of business is the maximize shareholder’s wealth.</span></div>
<div>
<span style="font-size: large;">It’s measured as the price of stocks.</span></div>
<div>
<span style="font-size: large;">Wealth maximization concept adjusts for deficiencies of previous concept. </span></div>
<div style="font-weight: bold;">
<span style="font-size: large;"><br /></span></div>
</div>
<div>
<b><span style="font-size: large;">Comparision of Two Concept:</span></b></div>
<div>
<b><span style="font-size: large;"><br /></span></b></div>
<div>
<b><span style="font-size: large;">Profit Maximization</span></b></div>
<div>
<div>
<span style="font-size: large;">Short-Term Oriented</span></div>
<div>
<span style="font-size: large;">Can not account for risk</span></div>
<div>
<span style="font-size: large;">Can lead mismanagement</span></div>
<div style="font-weight: bold;">
<span style="font-size: large;"><br /></span></div>
</div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<b><span style="font-size: large;">Wealth Maximization</span></b></div>
<span style="font-size: large;">Long-term Oriented</span><br />
<span style="font-size: large;">The risk factor is taken account</span><br />
<span style="font-size: large;"> Recognises the timing of returns</span><br />
<div style="text-align: center;">
<span style="font-size: large;"><br /></span></div>
<h2 style="text-align: center;">
<span style="font-size: large;">Section 2: An Overview of Business Environment</span></h2>
<h3 style="text-align: center;">
<span style="font-size: large;">Types of Business</span></h3>
<div>
<b><span style="font-size: large;">Sole Proprietorship:</span></b></div>
<div>
<div>
<span style="font-size: large;">A business that owned and operated by one individual person.</span></div>
</div>
<div>
<span style="font-size: large;">The owner and business are  legally identical.</span></div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<span style="font-size: large;"><br /></span></div>
<b><span style="font-size: large;">Pros and Cons of Sole Proprietorship:</span></b><br />
<br />
<b><span style="font-size: large;">Pros:</span></b><br />
<span style="font-size: large;">Limited paperwork and start-up cost</span><br />
<span style="font-size: large;">Owner’s full control over the business</span><br />
<span style="font-size: large;">Less stringent reporting obligations</span><br />
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<b><span style="font-size: large;">Cons:</span></b></div>
<div>
<div>
<span style="font-size: large;">Unlimited liability for debts</span></div>
<div>
<span style="font-size: large;">Difficulty in fund-raising</span></div>
<div>
<span style="font-size: large;">Business continuity concern</span></div>
<div style="font-weight: bold;">
<span style="font-size: large;"><br /></span></div>
</div>
<div style="font-weight: bold;">
<span style="font-size: large;">Partnership:</span></div>
<div>
<div>
<span style="font-size: large;">A business that owned and controlled by two or more persons who are equally liable for losses </span></div>
<div>
<span style="font-size: large;">Typically governed by partnership agreement.</span></div>
</div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<b><span style="font-size: large;">Pros:</span></b></div>
<div>
<div>
<span style="font-size: large;">Risk is shared between the partners</span></div>
<div>
<span style="font-size: large;">Additional capital can be raised</span></div>
<div>
<span style="font-size: large;">No audit or public reporting requirements</span></div>
<div>
<span style="font-size: large;">Not subject to company tax</span></div>
<div style="font-weight: bold;">
<span style="font-size: large;"><br /></span></div>
</div>
<div style="font-weight: bold;">
<span style="font-size: large;">Cons:</span></div>
<div>
<div>
<span style="font-size: large;">Unlimited liability for debts</span></div>
<div>
<span style="font-size: large;">Administrative costs</span></div>
<div>
<span style="font-size: large;">Business continuity concern</span></div>
<div>
<span style="font-size: large;">Slow decision making process</span></div>
<div style="font-weight: bold;">
<span style="font-size: large;"><br /></span></div>
</div>
<div style="font-weight: bold;">
<span style="font-size: large;">Company:</span></div>
<div>
<div>
<span style="font-size: large;">Business that owned by shareholders.</span></div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<span style="font-size: large;">Shareholder liability is limited to nominal value of shares that they own.</span></div>
<div>
<span style="font-size: large;"><br /></span></div>
<div>
<span style="font-size: large;"> Business is legally separate from it’s owners.</span></div>
</div>
<div>
<b><span style="font-size: large;"><br /></span></b></div>
<div>
<b><span style="font-size: large;">Pros:</span></b></div>
<div>
<div>
<span style="font-size: large;">Less risky; </span></div>
<div>
<span style="font-size: large;">Fund-raising advantages</span></div>
<div>
<span style="font-size: large;">Separate legal entity from its shareholders</span></div>
<div>
<span style="font-size: large;">Tax benefits</span></div>
<div>
<span style="font-size: large;">Transferable form of ownership</span></div>
<div style="font-weight: bold;">
<span style="font-size: large;"><br /></span></div>
</div>
<div style="font-weight: bold;">
<span style="font-size: large;">Cons:</span></div>
<div>
<div>
<span style="font-size: large;">Publishing financial statements</span></div>
<div>
<span style="font-size: large;">Strict reporting obligations</span></div>
<div>
<span style="font-size: large;">Administrative issues</span></div>
<div>
<span style="font-size: large;">Double taxation</span></div>
<div>
<span style="font-size: large;">Legal restrictions on share issues(LLC)</span></div>
<div>
<span style="font-size: large;"><br /></span></div>
</div>
<div>
<span style="font-size: large;">Note:To view complete 4 sections of lecture, please download below the pdf or ppt file. </span></div>
<div>
<span style="font-size: large;">Thanks :)</span></div>
<div>
<span style="font-size: large;"><br /></span></div>
<h3 style="text-align: center;">
<span style="background-color: white;"><span style="color: red; font-family: "georgia" , "times new roman" , serif; font-size: large;"><u><a href="https://drive.google.com/open?id=0B1jukj_D3MRzZXJPWkkwRjFaTVk" target="_blank">Download from Here</a></u></span></span></h3>

An Introduction to Business Finance Lec # 1

Hey Guys how are you? I hope you would be fine. Today's Lecures is given below, this lecture is divided into 4 sections.which is explain...

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An Introduction to Business Finance Lec # 1

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