Access over 20 million homework & study documents

over view of Banking Industry

Content type
User Generated
Type
Study Guide
Rating
Showing Page:
1/13
1 | P a g e







o !
o !
o !


"
""
o 
#$
%
&'!()*
#$
+$&+,-*

RevenueCOGS=gross profit expenses= net profit .
o !
."/
.-
.$0


o #
$
+0$+01$2
3"+&3
4*
o $%&

'$$%&"
%56
%56
'
liquidity=
current assests
current liabilities
o 

Sign up to view the full document!

lock_open Sign Up
Showing Page:
2/13
2 | P a g e
-

&*
4
%%("
&
,#.
-"0

'"
)&&!*%%

/&*

4


Sign up to view the full document!

lock_open Sign Up
Showing Page:
3/13

Sign up to view the full document!

lock_open Sign Up
End of Preview - Want to read all 13 pages?
Access Now
Unformatted Attachment Preview
Topic 3: finance Chapter 11: role of financial management Strategic role of financial management Financial management deals with the analysis, interpretation and evaluation of all financial records of the business. The long-term or strategic role of financial management is to ensure that a new business continues to operate, grows and is able to achieve its goals and objectives. The decision making process is: Owners and managers make decisions and plans Owners and managers collect information relating to the decisions and plans Owners and managers analyse and evaluate the results of decisions and plans Objectives of financial management The first measure owners want to establish is how much profit their business is making. Financial reports give a detailed financial picture of the business's profitability and stability. The financial manager's objectives will include the business's Profitability The earnings of the business after expenses have been paid. Profitability is measured using net profit from the income statement. Gross profit is sales revenue minus wholesale cost and freight inwards (or COGS). Net profit is the final amount of revenue remaining after all expenses have been paid. Earnings before interest and tax (EBIT) is a more precise measure of profitability, it measures profit made from operations. Growth This is the size of the business compared to its competitors in the same market. More profits may be obtained if the size is bigger. It can be achie ...
Purchase document to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Anonymous
Great! 10/10 would recommend using Studypool to help you study.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4