5 Terms
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Financial management
The process of managing financial resources, including management decisions concerning accounting and financial reporting, forecasting, and budgeting.
Industry: Business administration
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Financial management
planning, programming and budgeting system
Business administration; Financial management
A widely used technique of accounting which, like zero-based budgeting, originated in the United States. It usually follows five steps: (1) set overall objectives for the organization; (2) compare ...
rate setting
Business administration; Financial management
An old-fashioned term for the process of setting piecework rates of pay for a job. The process is more often included now under the term work measurement.
institutional investor
Business administration; Financial management
An organization that invests in shares and other securities with funds obtained from a large number of individual savers; for example, a bank, insurance company or trade union.
budget-based institution
Business administration; Financial management
An organization that is required to prepare, and work to, a budget.
tax-deductible
Business administration; Financial management
Any business expense that can be deducted from income before the calculation of tax due.
profit
Business administration; Financial management
Any financial gain resulting from business activity. It is basically the excess of income over expenditure for a given period of time.
risk capital
Business administration; Financial management
Capital invested in an enterprise with a high risk of failure, though usually with the possibility of a large financial gain.
