Keeping records and its importance in finance
Summary :
Table of Contents
- Introduction
- An overview of profit analysis
- Cost control
- Pricing
- Forecasting feature profits
- Measuring the cost of control
- Objectives and methodology of the study
- Conceptual definition of the study
- Study area
- A complete ratio analysis
- Review of literature
- An overview of similar studies related to profitability
- Graphs and inference
- Conclusion
- Bibliography
Abstract
finance is recorded as the life blood of a business enterprise. This is because in the modern money-oriented economy finance is one of the basic foundations of all kinds of economic activities. It is the master key which provides access to all the sources for being employed in manufacturing and merchandising activities. Business needs money to make more money. It is true that money begets more money, only when it is properly managed. The efficient management of every business enterprise is closely linked with efficient management of its finances. It is a process of conversion of accumulated funds to productive use. The main objective comprises financial planning, raising the needed funds, financial and control. The business can not run efficiently if it does not have adequate finance to meet its requirements.
Profit is a key factor in profit analysis because most managerial decision is influenced by earning capacity of business. Profitability is an indicator of an operational running of business the high profit indicates a sound profitable condition of business and vice versa.
Profit is a key factor in profit analysis because most managerial decision is influenced by earning capacity of business. Profitability is an indicator of an operational running of business the high profit indicates a sound profitable condition of business and vice versa.
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