chapter_7- (1).ppt
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MANAGING FINANCES FBB 1213 | Introduction to Business Prepared by Nalini Gebril
FACULTY OF BUSINEESS MANAGEMENT & GLOBALIZATION FBB 1213 | Introduction to Business Topics to be discussed… • Money, (Value, Characteristics, Functions of Money) • • Currency, Money and Technology • • Commercial bank, world bank • • Stock (share) holder, Stock exchange • • Finance, Sources of the finance • • Build financial plan • • Manage personal finances (Financial Planning) • • Develop the financial goals ALL RIGHTS RESERVED No part of this document may be reproduced without written approval from Limkokwing University of Creative Technology Worldwide 3
FACULTY OF BUSINEESS MANAGEMENT & GLOBALIZATION FBB 1213 | Introduction to Business Money, Value, Characteristics, Functions of Money & Currency • Money-an object that is portable, divisible, durable and stable, and that serves as a medium of exchange, a store of value, and a unit of account. • • Money is an object that is widely used and accepted in transactions involving the transfer of goods and services from one person to another. • • Value-principle that invested money grows, over time, by earning interest or some other form of return. • • Characteristics-Portability, Divisibility, Durability. Stability. • • Functions-3 functions (medium of exchange, store of value, unit of account) • • Currency-government-issued paper money and metal coins. ALL RIGHTS RESERVED No part of this document may be reproduced without written approval from Limkokwing University of Creative Technology Worldwide
FACULTY OF BUSINEESS MANAGEMENT & GLOBALIZATION FBB 1213 | Introduction to Business Money and Technology • • ATM • • E-cash • • Credit card • • Debit card • • Smart card ALL RIGHTS RESERVED No part of this document may be reproduced without written approval from Limkokwing University of Creative Technology Worldwide 5
FACULTY OF BUSINEESS MANAGEMENT & GLOBALIZATION FBB 1213 | Introduction to Business Commercial bank, world bank • • Commercial bank-company that accepts deposits that it uses to make loans, earn profits, pay interest to depositors & pay dividends to owners. • • World bank-United Nation’s agency that provides a limited scope of financial services. ALL RIGHTS RESERVED No part of this document may be reproduced without written approval from Limkokwing University of Creative Technology Worldwide 6
FACULTY OF BUSINEESS MANAGEMENT & GLOBALIZATION FBB 1213 | Introduction to Business Stock (share) holder, Stakeholder, Stock exchange • • Stock / Share (Holder)-a portion of ownership of a corporation. • • Stock exchange-an organization of individuals to provide an institutional auction setting in which stocks can be bought & sold. ALL RIGHTS RESERVED No part of this document may be reproduced without written approval from Limkokwing University of Creative Technology Worldwide 7
FACULTY OF BUSINEESS MANAGEMENT & GLOBALIZATION FBB 1213 | Introduction to Business Finance • • Finance is the science of funds management. • • Maximizing capital growth-wise investments are the key to growing company’s money. ALL RIGHTS RESERVED No part of this document may be reproduced without written approval from Limkokwing University of Creative Technology Worldwide
FACULTY OF BUSINEESS MANAGEMENT & GLOBALIZATION FBB 1213 | Introduction to Business Sources of the finance • Internal resources • • Ownership Capital • • Non-Ownership Capital • • Venture Capital • • Long-term sources of finance, Medium-term sources of finance, Short term sources of finance ALL RIGHTS RESERVED No part of this document may be reproduced without written approval from Limkokwing University of Creative Technology Worldwide
FACULTY OF BUSINEESS MANAGEMENT & GLOBALIZATION FBB 1213 | Introduction to Business Build financial plan • Balance sheets • • Income statements • • Cash flow statements • • Start up costs • • The various capital assets • • Costs for buildings, equipment, machines, etc. (Quarterly, Monthly projections for the first year, Annual projections for years 2 and 3, Existing business should provide those information from the past 3 years. ) ALL RIGHTS RESERVED No part of this document may be reproduced without written approval from Limkokwing University of Creative Technology Worldwide
FACULTY OF BUSINEESS MANAGEMENT & GLOBALIZATION FBB 1213 | Introduction to Business Manage personal finances (Financial Planning) • • Process at looking at one’s current financial condition, identifying one’s goals, and anticipating requirements for meeting those goals. • Develop the financial goals • • Should set three different types of future goals: • 1. Immediate • 2. intermediate • 3. long term ALL RIGHTS RESERVED No part of this document may be reproduced without written approval from Limkokwing University of Creative Technology Worldwide
FACULTY OF BUSINEESS MANAGEMENT & GLOBALIZATION FBB 1213 | Introduction to Business Develop the financial goals. . . • 1. Immediate-within 1 year • 2. intermediate-within 5 years • 3. long term-more than five years ALL RIGHTS RESERVED No part of this document may be reproduced without written approval from Limkokwing University of Creative Technology Worldwide
FACULTY OF BUSINEESS MANAGEMENT & GLOBALIZATION FBB 1213 | Introduction to Business Think & React • “Formal education will make you a living; self-education will make you a fortune. ”-Jim Rohn 17 • It's good to have money and the things that money can buy, but it's good, too, to check up once in a while and make sure that you haven't lost the things that money can't buy. ~George Horace Lorimer • “I believe managing is like holding a dove in your hand. If you hold it too tightly you kill it, but if you hold it too loosely, you lose it. ” -Tommy Lasorda 18“A journey of a thousand miles begins with a single step. ” -Confucius ALL RIGHTS RESERVED No part of this document may be reproduced without written approval from Limkokwing University of Creative Technology Worldwide
FACULTY OF BUSINEESS MANAGEMENT & GLOBALIZATION FBB 1213 | Introduction to Business End of Lecture ALL RIGHTS RESERVED No part of this document may be reproduced without written approval from Limkokwing University of Creative Technology Worldwide
chapter_7- (1).ppt