Finance: The Basics
THE FINANCIAL PROCESS
Erik Banks • Finance: The Basics
Speculating, like investing, is a method of committing capital in order to generate a satisfactory return. Speculative activities are generally centered on a company's purchase or sale of securities, financial contracts, or select physical assets (commodities, real estate) rather than the direct purchase of productive assets used to create goods
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FINANCIAL PLANNING
Erik Banks • Finance: The Basics
THE WORLD OF FINANCE
Erik Banks • Finance: The Basics
company's financial position, most often conveyed through three key financial statements that are prepared and distributed every quarter or year:
Erik Banks • Finance: The Basics
MANAGING RISK
Erik Banks • Finance: The Basics
Cash flow statement: A cumulative reflection of the cash flowing into, and out of, a company.
Erik Banks • Finance: The Basics
THE FINANCIAL STATEMENTS CHAPTER OVERVIEW
Erik Banks • Finance: The Basics
This financial picture is summarized in Figure 1.2. Figure 1.2 The complete financial picture