Finance is a broad term used to refer to creating and managing money in the form of investments, debt or loans, securities and more for individuals, companies and the government. Government policies regarding currency, repo rates, the budget and the rate at which loans are given out by financial institutions all come under finance. Its …
Post Type Archives: Glossary
Financial Crisis
A financial crisis is when the value of assets experiences a sharp decline. Businesses and customers struggle to make debt repayments, and financial institutions experience liquidity shortages. In such cases, investors sell their assets, and the public withdraws funds from the banks due to the fear of a decrease in the value of assets. A …
Financial Statement
Financial statements refer to the written records of monetary transactions of an individual or an organisation. It is basically important to check the financial position of the company. For a business, financial statements may include income, cash flow, profit and loss statements and balance sheets. For an individual, financial statements generally refer to bank statements …
Financial Year
A financial year is a period of one year and starts on April 1 in India and ends on March 31 of the following year. For instance, FY 2022, means that the year begins on April 1, 2022, and ends on March 31, 2023. A financial year is also called a fiscal year. You pay …