Objectives of Financial Management
Introduction Financial Management refers to the process of efficiently acquiring, utilizing, and distributing finances, followed by the disposal of surplus or profit, to ensure the smooth functioning of an organization. It involves determining the size and composition of fixed assets, the amount and structure of current assets, long-term and short-term financing needs, and maintaining an…
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Explained: Financial Decision making in a Firm
A firm is a for-profit business organization—such as a corporation, limited liability company (LLC), or partnership—that provides manufacturing, distribution, marketing, and professional services. Financial decisions are the decisions that business organizations need to make about finances. There are three basic types of financial decisions companies have to make regarding; * Investment, *Financing, and * Dividend.…
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2025: All India State-wise Bank Holidays
This post offers you holiday lists for the calendar year 2025 released by all the state Governments and administrations of Union territories of India under the explanation of section 25 of the Negotiable Instrument Act 1881 (NI Act). The holiday declared under the NI Act applies exclusively to the banks located within the administration area of…
Read article What are the forms of business organisations in India?
Based on ownership and structure, we have different forms of business organisation like a proprietary concern, a partnership firm, or a corporate. Here are some common forms of business organizations: Partnership: A partnership business is a business structure where a formal agreement between two or more people who agree to be the co-owners and distribute…
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What is a limited Liability Partnership?
Limited Liability Partnership (LLP) is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. It shall be a registered body corporate and a legal entity separate from its partners. It will have perpetual succession. Unlike a “traditional partnership firm”, wherein every partner is…
Overview: Internet and World Wide Web – Influences on Banking
The Internet and the World Wide Web have had a significant impact on the banking industry, shifting banking towards a more digital model. The World Wide Web (WWW) is a system of interconnected web pages that allow users to access information over the Internet. It is made up of public web pages that are linked…
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