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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
opportunity cost
Business administration; Financial management
In economics, this refers to the lost income, profit or time involved in forgoing an alternative course of action; that is, this is an economic cost and would not be included as an accounting cost.
inflation
Business administration; Financial management
In economics, this term describes a situation in which prices are rising relatively quickly, as measured for example, by the retail price index, thus causing a fall in the real (as opposed to the ...
insider dealing
Business administration; Financial management
Making a profit, or avoiding a loss, in financial transactions as a result of having access to confidential information not available to the general investing public.
tax evasion
Business administration; Financial management
The illegal attempt to reduce the burden of taxation on an individual or organization. Compare with tax avoidance.
tax avoidance
Business administration; Financial management
The legal attempt to reduce the burden of taxation on an individual or organization. Compare with tax evasion.
accounting period
Business administration; Financial management
The length of time between the financial reports produced by an organization. If the reports are for internal use the period is usually either a week or a month; for external information it is ...
taxation
Business administration; Financial management
The levying of compulsory charges on certain items by government, as a way of raising revenue for public services, and paid by individuals and organizations. These charges may be in the form of ...
