UrbanPro
true

Take CA Coaching from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Basic of Financial Management

Deepak Jaggi
08/12/2016 0 0

Profit Maximastion & Wealth Maximation are 2 objectives of FM. It is one of most creative & dynamic subject which is to be understood by all irrespective of whether one is from commerce, science, IT etc background. 

Everyone needs to earn money, Money saved is money earned. Traditionally it was believed that Incomes - Expenses = Savings but actually it should be Incomes - Savings = Expenses. Incur any expenses only after minimal savings. First cheque pay to yourself Insurance, Mutual Fund , Bank Recurring deposit etc. 

Need not run after money, money should be by product as in a commercial transaction money automatically comes. After sales service, maintenance should be given more weightage automatically Profit & Wealth is assured.

 

 

0 Dislike
Follow 0

Please Enter a comment

Submit

Other Lessons for You

Essential Elements Of A Valid Contract.
In order to become a valid contract, an agreement must have the following essential elements: There must be an offer and its acceptance: In an agreement there must be an offer by one party and its...

Solve Amalgamation Problem In 7 Steps
Step 1: Identify nature of Amalgamation: If the six conditions of amalgamation in nature of merger not satisfied then it is treated as amalgamation in nature of purchase. If the information provided in...
F

Essential Elements of a Valid Contract
Essential Elements of a Valid Contract: (i) Agreement: In order to constitute a contract, there must be an agreement in first place. An agreement in turn is composed of two elements-offer and acceptance....
F

What did Albert Einstein say on income tax?
Prime Minister Narendra Modi quoted Albert Einstein during his speech at the midnight launch of Goods and Services Tax. Mr. Modi said: “Einstein said if there is something in this world that...
F

Why CA Best Course?
CA’s are Financial Backbone of INDIA. Statement by Ratan Tata – “I need MBA’s to run my business, but I need CA’s to teach MBA’s how to run the business” CA...
X

Looking for CA Coaching Classes?

The best tutors for CA Coaching Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take CA Coaching with the Best Tutors

The best Tutors for CA Coaching Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more