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Finance Articles

THE NEED TO MANAGE FOREIGN CURRENCIES The proliferation of technology applications today creates the opportunity to do business with our customers and suppliers and associates in any part of the world. Firms in Singapore can now sell goods and provide services to customers outside Singapore and can also buy materials and suppliers from overseas suppliers. Overseas customers pay USD, JPY, EUR etc to...

WHAT IS FINANCIAL MANAGEMENT? A business exists to provide goods and services to the society. The foremost concern of business is its survival. In order for the business to survive, it must be able to generate sufficient cash inflows to cover its cash outflows. Second, the purpose of business is generating profits or cash flows. To put it simply, a business is...

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