Finance and Accounts — Chapter Summary
ICSE · Class 9 · Commercial Studies
Summary of Finance and Accounts for ICSE Class 9 Commercial Studies. Part of the ICSE Class 9 Commercial Studies syllabus.
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Overview
Finance is called the life blood of business because every business needs funds to carry on its activities. Business finance deals with planning, raising, controlling, and administering funds used in business. It also includes the careful management of money so that business needs and objectives are
Key Concepts
Finance refers to all activities related
Finance refers to all activities related to obtaining money and its effective use. It is essential for the smooth running of business activities.
Business finance is the activity concerned
Business finance is the activity concerned with planning, raising, controlling, and administering funds used in business. It also includes the estimat
Funds used in companies are called
Funds used in companies are called corporate finance.
Financial management means the management
Financial management means the management of the financial activities of a business.
Liquidity means the availability of adequate
Liquidity means the availability of adequate cash or cashable funds to meet business needs whenever necessary.
Learning Objectives
- Define finance and business finance
- Explain the meaning of financial management and corporate finance
- Identify the main objectives of financial management
- Describe the functions of the Finance and Accounts department
- Explain the objectives of the Finance and Accounts department
Frequently Asked Questions
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Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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