Tashkent institute of finance жж department «state finance»
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Theme 2.12
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TASHKENT INSTITUTE OF FINANCE ЖЖ DEPARTMENT «STATE FINANCE» ЖЖ PRESENTATION ЖЖ on the discipline “Finance” on the Theme 2.12.: Copyright © 2020 Ye . А. Akhunova Lecturer: senior teacher Akhunova Yelena Anvarovna «Financial decisions» Theme 2.12. «Financial decisions» Plan Financial decisions as an integral part of management decisions of economic entities. Financial decisions made by households. Financial decisions made by firms. Copyright © 2020 Ye . А. Akhunova Theme 2.12. «Financial decisions» Part 1. Financial decisions as an integral part of management decisions of economic entities. Copyright © 2020 Ye . А. Akhunova ● Objectives Consider the concept and essence of financial decisions. Describe requirements to the decisions. Consider the essence of financial decisions. ● Keywords Finance, decisions, financial decisions. ● Tasks to strengthen and control the degree of acquisition of knowledge Tests
Theme 2.12. «Financial decisions» The concept and essence of decisions Copyright © 2020 Ye . А. Akhunova A decision is a prescription for action to resolve a problem or a task. Making a decision is choosing a certain action from the set of possible options (alternatives). In the simplest case, it is a choice of two alternatives: to do or not to do. In management, managers have to sort through numerous combinations of potential actions in order to find the right action. In fact, for the organization to work clearly, the leader must constantly make the right choices from the many alternative possibilities. The content of the decision made can be a specific action (set of actions), a method of action, a work plan, a project option, etc. Decisions include both the unimportant choice of a newspaper in a kiosk or breakfast menu, and the choice of a place of work. Although often there are many alternatives - dozens of newspapers or dishes - almost all everyday personal decisions are made without systematic thinking. In addition, such decisions, as a rule, do not affect other people. Theme 2.12. «Financial decisions» Concept of management decision Copyright © 2020 Ye . А. Akhunova Management decisions can greatly affect both the overall financial condition of the organization and the lives of many people working in and out of the organization. Therefore, the leader, as a rule, cannot make unreasoned decisions. Thus, if the decision is the result of choosing one of the alternatives, then the management decision is the option that the manager should choose in accordance with his position in order to ensure the fulfillment of the tasks assigned to the organization. Theme 2.12. «Financial decisions» Requirements to the decisions Copyright © 2020 Ye . А. Akhunova 9. The management decision should be complete, concise, clear. 8. The management decision should be a compromise. 6. The decision must be made on time. 5. The decision must be effective. 4. The management decision must be competent. 3. The decision must be consistent with previous decisions and other decisions taken. 2. It must be fully reasonable. 1. The decision should have a clear aim. Theme 2.12. «Financial decisions» The concept of financial decisions Copyright © 2020 Ye . А. Akhunova • Financial decisions are part of the personal and managerial decisions of economic entities and are decisions related to the formation, distribution and use of funds of financial assets of economic entities and the organization of their financial relations with other economic entities. • Financial decisions of economic entities are diverse and are made based on prevailing economic conditions and opportunities. For example, an individual’s decision to pay for a 3-month English course can, on the one hand, result in a waste of a certain amount of money, and on the other hand, increase potential and future career growth. «Essence and functions of finance» Copyright © 2020 Ye . А. Akhunova Тест
Щелкните кнопку Тест для редактирования этого теста Theme 2.12. «Financial decisions» Part 2. Financial decisions made by households Copyright © 2020 Ye . А. Akhunova ● Objectives Consider the essence of household and household finance. Describe types of financial decisions of households. Study types of economic decisions of households. ● Keywords Finance, household finance, decisions, financial decisions. ● Tasks to strengthen and control the degree of acquisition of knowledge Tests
Theme 2.12. «Financial decisions» What is a household? Copyright © 2020 Ye . А. Akhunova A household is an economy entity that is run by one or more people (relatives or not) living together and making various activities, as a result of which financial resources and income are generated and used, and has a common budget In the economic system, households play the roles: 4. pay various taxes to budgets of different levels. 3. save part of the total income generated in the economy by acquiring real and financial assets; 2. provide the same enterprises with production factors; 1. appear on the market as buyers of goods and services produced by enterprises; Theme 2.12. «Financial decisions» What is household finance? Copyright © 2020 Ye . А. Akhunova Household finance is a set of money relations about the formation, distribution and use of money funds in which the household and its individual participants enter in the process of their socio-economic activity. Theme 2.12. «Financial decisions» Types of financial decisions of households Copyright © 2020 Ye . А. Akhunova • What part of the available wealth of the family can be spent on consumer needs, and what part of the current income should be saved for future use and spent on savings? 1. Decisions on the consumption and saving of funds. • What assets should the existing savings be invested in? That is, in what financial instruments do you need to invest your savings in order to receive income? 2. Investment decisions. • When and how should a household use borrowed funds to realize their consumer and investment plans? 3. Financing decisions. • How and under what conditions should households try to reduce the level of financial uncertainty and when is it necessary to increase the degree of acceptable risk? 4. Decisions related to risk management. Theme 2.12. «Financial decisions» Two main types of economic decisions of households Copyright © 2020 Ye . А. Akhunova 1. how to formulate the structure of their future assets, taking into account the already existing ones, t. whether it is necessary to acquire new real estate (for example, housing, land), movable assets (for example, cars, the situation in the apartment, etc.) or securities, etc .; at the same time, the ratio between the newly acquired assets is determined; 2. how to form a fund of working time (determination of working members of the household, their place of work, etc.). «Essence and functions of finance» Copyright © 2020 Ye . А. Akhunova Тест
Щелкните кнопку Тест для редактирования этого теста Theme 2.12. «Financial decisions» Part 3. Financial decisions made by firms Copyright © 2020 Ye . А. Akhunova ● Objectives Consider the essence of firm and finance of a firm. Describe types of financial decisions made by firms.
Finance, finance of a firm, decisions, financial decisions. ● Tasks to strengthen and control the degree of acquisition of knowledge Tests
Theme 2.12. «Financial decisions» Concept and features of a firm Copyright © 2020 Ye . А. Akhunova A firm/company is an independent economic entity engaged in commercial and industrial activities and having separate property. A firm/company is a broad concept, since it is an organization that owns an enterprise and conducts its production and business activities on it. The firm / company … • represents an economically isolated, independent business unit; • is legally registered and is relatively independent: has its own budget and business plan; • is a manufacturer or intermediary in production; • any company independently makes all decisions related to its functioning, so we can talk about its industrial and commercial independence; • the goals of the company are considered to be profit and minimize costs. Theme 2.12. «Financial decisions» Concept of the finance of a firm/company Copyright © 2020 Ye . А. Akhunova Finance of a firm / company is a system of money relationships that occurs in the process of formation, distribution and use of money funds of the firm / company. Theme 2.12. «Financial decisions» Financial decisions made by firms Copyright © 2020 Ye . А. Akhunova • A firm must determine what kind of business it would like to do, to analyze the current market situation, competitors and other factors. 1.What is the best business to run? • After the determinations the goals of the company, managers need to develop a business plan using various special methods, for example, SWOT-analysis. 2. How to prepare a business plan? • The firm should precise how and where to find financial resources? For example, in business plan managers decided to take a loan, here they should analyze what kind of loan from which bank they should take. 3. How and where to find financial resources? • The managers should determine how the principle of interest of owners and employees of the enterprise will be implemented. 4. How to stimulate owners and employees? «Essence and functions of finance» Copyright © 2020 Ye . А. Akhunova Тест
Щелкните кнопку Тест для редактирования этого теста Theme 2.12. «Financial decisions» List of references Copyright © 2020 Ye . А. Akhunova Main sources: 1. Foundations of finance : the logic and practice of financial management / Arthur J. Keown, John D. Martin, J. William Petty. — 8th ed. p. cm. — (The Pearson series in finance). – Pearson, 2014. 2. Financial economics / Zvi Bodie, Robert C. Merton, David L. Cleeton. – 2 nd . ed. p. cm. — (The Pearson series in finance). – Pearson, 2009. 3. Fabozzi, Frank J. Pamela Peterson Drake. The basics of finance: an introduction to financial markets, business finance, and portfolio management. John Wiley & Sons, Inc., Hoboken, New Jersey, 2010.
4. Eddie McLaney. Business finance. - 8 nd . ed. p. cm. — (The Pearson series in finance). – Pearson, 2009. 5. Ronald W. Melicher. Edgar A. Norton. Introduction to Finance: Markets, Investments, and Financial Management, 16th Edition, Wiley, 2017. Internet-sites: 6.www.scopus.com (Multidisciplinary bibliographic and abstract database of Scopus publications). 7.www.webofscience.com (Polythematic abstract-bibliographic and scientometric (bibliometric) database of Web of Science). 8.https://www.sciencedirect.com (Electronic collection of scientific, technical and medical full-text and bibliographic information ScienceDirect). Theme 2.12. «Financial decisions» Copyright © 2020 Ye . А. Akhunova THANK YOU VERY MUCH FOR YOUR ATTENTION! • For comments, questions and requests: • E-mail: akhunova_yelena@mail.ru • Telegram: @yelena_akhunova Document Outline
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