مذكراتي

Here, I am going to write about what was the first meeting hosted by Microsoft Teams, and what was in fact the first session in an MBA program conducted by SBS, Abu Dhabi.  The lecturer was Dr. Faisal, and the session was about financial management. He started by introducing himself, and quickly kicked off by defining what business is.  He first asked the participants to see if any could give an answer, and then went ahead and gave his own. He said that a business is an organized legal activity that provide goods and services, and which makes a profit.  Businesses should be legal, and generating a profit. The intention of any business is to provide a profit. The word " finance" is all about the management of the money. Accounting, on the other hand, is answering questions like: why are profits there? and why are losses there?  The difference between finance and accounting. Daily financial activities: wages bills Three aspects of financial management: New Company...