A study on concepts of finance for finance decision making

May 28th, 2015
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Abilene Christian University
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Procurement of funds as well as application of funds Finance manager is concerned with All financial activities like planning, raising, allocating and controlling funds and Problems of incorporation, liquidation, consolidation, re organisation.

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Protection against unforeseen personal events, as well as events in the wider economyTransference of family across generations (bequests and inheritance)Effects of tax policies (tax subsidies and/or penalties) on management of personal financesEffects of credit on individual financial standingPlanning a secure financial future in an environment of economic instabilityPersonal finance may involve paying for education, financing durable goods such as real estate and cars, buying insurance, e.g. health and property insurance, investing and saving for retirement.Personal finance may also involve paying for a loan, or debt obligations. The six key areas of personal financial planning, as suggested by the Financial Planning Standards Board, are:[1]1. Financial position: is concerned with understanding the personal resources available by examining net worth and household cash flow. Ne

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