Financial administration refers to a set of activities which are related to making available money to the various branches of an organization to enable it to carry out its objects.
Definition Financial Planning is the process of estimating the capital required and determining its competition. It is the process of framing financial policies in relation to procurement, investment and administration of funds of an enterprise. Objectives of Financial Planning Financial Planning has got many objectives to look forward to: Determining capital requirements– This will depend […]
Advantages of planning is no myth. An organization without planning is like a sailboat minus its rudder. Without planning, organization, are subject to the winds of organizational change. Planning is one of the most important and crucial functions of management. According to Geroge R. Terry, “Planning is the foundation of most successful actions of any […]
Economics defined In its most simple and concise definition, economics is the study of how society uses its limited resources. It is a social science that deals with the production, distribution, and consumption of goods and services. Economics focuses heavily on the four factors of production, which are land, labor, capital, and enterprise. These are the four ingredients […]
Classical and neoclassical are two main schools of economics. Economics is a social science directed at the satisfaction of needs and wants.
Definition Educational Planning is defined as: “The process of determining the objectives of education, educational institutions, or educational programs and the means (activities, procedures, resources, etc.) for attaining them.” or “The process of making arrangements or preparations to facilitate the training, instruction or study that leads to the acquisition of skills or knowledge, or the […]
Definition of Planning “Planning is the process of setting goals, developing strategies, and outlining tasks and schedules to accomplish the goals.” Synonyms: plan, blueprint, design, project, scheme, strategy Steps Involved in Planning Planning is a process which embraces a number of steps to be taken. Planning is an intellectual exercise and a conscious determination of courses of action. Therefore, […]
Meaning and Concept In simple words, planning is deciding in advance what is to be done, when where, how and by whom it is to be done. It bridges the gap from where we are to where we want to go. It includes the selection of objectives, policies, procedures and programs from among alternatives. A […]
Financing is defined as the act of providing funds for business activities, making purchases or investing. Financial institutions and banks are in the business of financing as they provide capital to businesses, consumers and investors to help them achieve their goals. The educational financing comes from many different sources. The total level of funding a […]