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finalcial management - Coggle Diagram
finalcial management
Finance is concerned with decisions about money
To make rational financial decisions, remember:
o More value is preferred to less
o The sooner cash is received the more value it has
o Less risky assets are more valuable than risky assets
four major areas
Financial markets and institutions
• Investments
• Financial services
• Managerial finance
Financial Services
Deal with the management of money
• Help individuals and companies determine how to
invest money
• One of the largest industries in the world
Financial Institutions
• Banks: santander , bbva, banorte , etc
• Insurance companies:
• Savings and loans
• Credit unions
importance of Managerial
Finance
Financial managers no longer merely fund the
business needs
• Financial managers coordinate decisions
• People in marketing, accounting, production, and
personnel need to understand finance to do their
job well