University:
Swansea University
Course:
FIN520 | Financial Ethics and Accountability
Academic year:

2021
Views:

351

Pages:

1
Author:

Maria C.

Lecture Notes Title: “Revolutionizing Business Finance: An Innovative Approach" I. Introduction: • Explore essential business and finance terminology. II. Administrators: • Company managers, often the founder in small businesses. • In larger firms, administrators chosen by shareholders. III. Self-Financing: • Use internal funds, reinvesting profits. • Avoid reliance on external financing. IV. Capitalization: • Establish a solid financial foundation. • Equity capital > Debt capital for well-capitalized companies. V. Customers: • Vital for any business. • Those who purchase goods/services. VI. Creditors: • Entities to whom money is owed. • Function as financial partners. VII. Debtors: • Entities owing money to the company. • Considered financial 'debtors.' VIII. Bankruptcy: • Legal process for insolvent companies. • Occurs when debts can't be repaid. IX. Government Incentives: • Government support for business growth. • Includes incentives like tax breaks. X. Financial Assistance: • Programs aiding business activities. • Support for construction, modernization, etc. XI. Funds: • Immediate monetary resources. • Encompass cash and liquid assets. XII. Suppliers: • Business partners providing goods/services. • Categorized as capital goods, merchandise, or service suppliers. XIII. Financial Independence: • Balance between equity and credit capital. • Affects creditor relationships. XIV. Conclusion: • Key terminology for success in the business and financial world.