A Study on Working Capital Management in Max Newyork Life Insurance Company Ltd
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Date
2017-07-31T13:57:32Z
Authors
Lazu, Machahary
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Abstract
Finance is often defined simply as the management of money or “funds” management. According to Mr. A.L. KIND SHOTT “Finance is the common denominator for vast range of corporate objectives and the major part of any corporate plan must be expressed in financial marketing and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created for transacting and trading assets, liabilities, and risks. Finance is conceptualized, structure, and regulated by a complex system of power relations within political economies across state and global markets. Finance is both art (e.g. product development) and science (e.g. measurement), although these activities increasingly converge through the intense technical and institutional focus on measuring and hedging risk-return relationships that underlie shareholders value. Networks of financial businesses exist to create, negotiate, market, and trade in evermore-complex financial products and services for their own as well as their clients‟ accounts. Financial performance measures assess the efficiency and profitability of investments, the safety of debtors‟ claims against assets, and the likelihood that derivative instruments will protect investors against a variety of market risks.
Finance is a field that deals with the allocation of assets and liabilities over time under conditions of certainty and uncertainty. Finance also applies and uses the theories of economics at some level. Finance can also be defined as the science of money management. A key point of one unit of currency can vary over time. Finance aims to price assets based on their risk level and their expected rate of return. Finance can be broken into three different sub-categories: public finance, corporate finance and personal finance.
Finance is one of the most important aspects of business management and includes analysis related to the use and acquisition of funds for the enterprise.
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Lazu Machahary, A Study on Working Capital Management in Max Newyork Life Insurance Company Ltd, 14VFC26048