ITB Topic 3 by Noor Faiezah Yaakup https://padlet.com/nfaiezahmba/financeinbusiness Topic 3 Finance in Business en-us 2019-02-25 08:21:15 UTC 2019-02-27 00:59:32 UTC hello@padlet.com A. Financial Management nfaiezahmba https://padlet.com/nfaiezahmba/financeinbusiness/wish/335155663  1. Define financial management.
2. List some finance activities
 3. Discuss the various responsibilities of a finance manager.
]]> 2019-02-26 00:36:14 UTC https://padlet.com/nfaiezahmba/financeinbusiness/wish/335155663 B. Short-term funds nfaiezahmba https://padlet.com/nfaiezahmba/financeinbusiness/wish/335155972
1. Explain what is short-term financing .
2. Describe the various sources of short-term financing.]]> 2019-02-26 00:37:43 UTC https://padlet.com/nfaiezahmba/financeinbusiness/wish/335155972 C. Long-term funds nfaiezahmba https://padlet.com/nfaiezahmba/financeinbusiness/wish/335156309 1.  Explain what is long-term financing.
2.  Discuss the various sources of long-term financing.
]]> 2019-02-26 00:39:24 UTC https://padlet.com/nfaiezahmba/financeinbusiness/wish/335156309 D. Budgetting nfaiezahmba https://padlet.com/nfaiezahmba/financeinbusiness/wish/335156579 1.  Define Budgetting
2. Discuss the types of budgets.]]> 2019-02-26 00:40:47 UTC https://padlet.com/nfaiezahmba/financeinbusiness/wish/335156579 E. Insurance nfaiezahmba https://padlet.com/nfaiezahmba/financeinbusiness/wish/335156957 1. Define Insurance
2. Differentiate between insurable and uninsurable risk
3. discuss the types of insurance products

]]> 2019-02-26 00:42:42 UTC https://padlet.com/nfaiezahmba/financeinbusiness/wish/335156957 Budgeting Definition saifulnizam9900 https://padlet.com/nfaiezahmba/financeinbusiness/wish/335445979 A numerical plan for allocating resources to a specific activities. It is a quantitative statement which covers a specific period and is usually expressed in financial term.]]> 2019-02-26 16:19:50 UTC https://padlet.com/nfaiezahmba/financeinbusiness/wish/335445979 Type of Budgeting saifulnizam9900 https://padlet.com/nfaiezahmba/financeinbusiness/wish/335452118 Start up budget
- plan income/expenses from beginning until it becomes profitable
- source : loans from financial institutions/they want to see a budget along with the business plan.

Operating budget
- financial plan from day to day operations of the business
- Revenue - Expenses = Profit/Loss

Cash budget
- an estimate money expected to be received and paid out over a certain period of time
- to figure out the cash flow

Budgetary 
- the difference between forecasted figure in the budget and the actual figure is called the variance]]> 2019-02-26 16:28:59 UTC https://padlet.com/nfaiezahmba/financeinbusiness/wish/335452118