The financial services sector is a broad category encompassing businesses that provide financial products and services to individuals and businesses.
Posts tagged as “banks”
Each stakeholder group will want to know different information about a business, therefore will analyze Final Accounts differently.
Profit and Loss Account (P&L Account) contains financial data which business stakeholder groups find extremely useful.
Microfinance is providing financial services such as bank loans and overdrafts to low-income customers where business finance is difficult to obtain.
Obtaining finance is crucial for any business. And, finance decisions are some of the most important that managers have to make.
While all stakeholders are important, some stakeholders provide finance for the business, therefore have special relationship with the business.
External stakeholders also have an interest in the decisions and activities of a business, but they do not form a part of the business.