Objective of Financial Management
The objective of financial management refers to the primary aim or goal that guides all financial decisions within an organization.
Other Forms of Business
The other forms of business are master limited partnership (MLP), professional corporation (PC), joint venture, and virtual enterprise.
Limited Liability Company (LLC)
A Limited Liability Company (LLC) is a business structure that protects its owners from personal liability and allows pass-through taxation.
Corporation
A corporation is a legal entity that is separate and distinct from its owners, created under the authority of law.
Sole Proprietorship
Sole Proprietorship is a form of business ownership where a single individual owns, manages, and controls the entire business.
Partnership
Partnership is a business structure where two or more persons share ownership, profits, and losses according to a mutual agreement.
Form of Business Enterprise
A form of business enterprise refers to the legal structure or classification under which a business operates.
Business Finance
Business Finance is the process of managing funds in a business to support operations, investments, and growth.
U.S. Accounting VS. Outside of the U.S.
A comparison of U.S. GAAP with international standards like IFRS, focusing on differences in rules, valuation, and reporting.
Accounting Flexibility
The accounting flexibility is the permitted choice of methods in financial reporting under accounting standards.