Are You from a Non-Financial Background, or Looking to Understand Finance Simply and Resourcefully? Don’t Worry! Our mission is to take novice and non-finance managers on an enjoyable financial ride while explaining its basics.
Finance can be daunting! People tend to assume it involves numbers alone; however, that’s simply not the case! Finance and economic analysis go much deeper than that: its more like driving your car than just moving the steering wheel around! Knowing when and how to shift gears or change speed when necessary are all part of being an excellent driver! Confused? Allow us to simplify it for you.
What Is Finance? Finance refers to the study and management of capital costs, time value of sales revenue, return on investments, projected cash flows and budgets and monetary policy.
Finance may involve all those things, but that would be like trying to explain bungee jumping using terms like potential gravitational energy and elastic energy to negate gravitational force and release dopamine in human brain. Ah! Too complicated!! This may be how non-finance professionals perceive reading about finance.
Finance and economics give you insight into the general psychology of consumption among all individuals. For example, company sales reveal which products people prefer over others – it tells us something about each product that resonates with people both as a group and individually.
Add Basic Financial Terms and Concepts to your finance dictionary for further enrichment.
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