Summary The Basics of Financial Management Book cover image

Summary The Basics Of Financial Management

- P de Boer, et al
ISBN-10 9001802915 ISBN-13 9789001802912
102 Flashcards & Notes
Scroll down to see the PDF preview!
  • This + 400k other summaries
  • A unique study and practice tool
  • Never study anything twice again
  • Get the grades you hope for
  • 100% sure, 100% understanding
Remember faster, study better. Scientifically proven.
Trustpilot Logo

A snapshot of the summary - The Basics of Financial Management Author: P de Boer, M P Brouwers, W Koetzier ISBN: 9789001802912

  • 1 Businesses and their role in the economy

    This is a preview. There are 1 more flashcards available for chapter 1

  • What is the difference between a business and a non profit organization?

    Business is solely focused on making profit and keeping the company afloat. Non profit can't be measured in terms of profit and they strive for another goal. For example customer statisfaction, waiting times etc.

  • 1.1 Consumers and manufacturers

    This is a preview. There are 13 more flashcards available for chapter 1.1

  • What does micro economics deal with?

    On a smaller scale economic(s)(problems). Like a firm or business. 

  • What do macro economics deal with?

    On a larger scale economical problems like unemployment or inflation

  • 1.2 Profit and non-profit organizations

    This is a preview. There are 4 more flashcards available for chapter 1.2

  • What is the main goal of a non profit organization?

    To maintain there preset goal, for example more clean drinking water in africa.

  • 1.4 Legal forms of businesses

    This is a preview. There are 9 more flashcards available for chapter 1.4

  • What does a legal form determines?
    • Who has the ultimate say in the business
    • What guarantees are in place to ensure the long-term continuance of the business
    • In what way the business can attract funds and financial resources
    • The tax position of the company
  • What is legal entity?
    The business (rather then its owners) is considered the prevailing party in any commercial legal agreement
  • 11 Costs

    This is a preview. There are 10 more flashcards available for chapter 11

  • What is the objective of bookkeeping ?
    to achieve a profit and loss account and a periodical closing balance sheet.
  • Which two parts are taken place with revenue
    sale and supply
  • Which costs do change when it is more busy or not
    Variable costs
  • Give an example of a functional department
    Sales Department

To read further, please click:

Read the full summary
This summary +380.000 other summaries A unique study tool A rehearsal system for this summary Studycoaching with videos
  • Higher grades + faster learning
  • Don't study anything twice
  • 100% sure, 100% understanding
Discover Study Smart

The following topics are covered in this summary