-MGT201 SHORT SUBJECTIVE NOTES-
Capital Markets:
These are the markets for the long term debt & corporate stocks. Stock Exchange, Long term bonds
Stock Exchange:
A stock exchange is a place where the listed shares, Term finance certificates (TFC) and national investment trust units (NIT) are exchanged and traded between buyers and sellers.
Money Markets
Money market generally is a market where there is buying and selling of short term liquid debt instruments.
Objective of Economics: is profit maximization;
Objective of Financial Management: is to maximize the shareholders wealth in the present terms by using discounting and the net present value techniques
Objective of Financial Accounting: The objective of financial accounting is to collect accurate, systematic, and timely financial data and other financial information, and to compile and consolidate it in an organized and systematic way, according to the principles and rules of accounting, for reporting purpose.
