FOREX Magazine

This final project helped me to realize that there are many concepts usually used in the financial
area which is an important area to study because of my career and my special interests, so I
learned how many of these Financial concepts are used in real life, like news, where we noticed
the importance of knowing how to read this type of texts. Financial terms help us a lot in our future
to bring us a large financial language, concepts like liquidity, financial ratios, things that seems
to be very simply and obvious are principal terms of our area that we must know.
Also concepts like “credit” in general, are used a lot, every credit term and credit hold that
conform a type of credit management in a corporation is very specific, also I learned that in the
U.S enterprises have a score of their credit, talking about the amount of days they`re late, if they
follow the terms, and other factors contribute to give them a grade of creditworthiness. We also
investigated about the Duns & Bradstreet platform and the bog impact that has nowadays
bringing such information of every business, this gave other enterprises the opportunity to analyze
each business at his credit history, using scores, data, preventing risk and providing strategic
financial services.
It is considered that the analysis of financial statements is a method, which applied to any
company allows you to accurately assess your financial situation allowing you to know in what
condition is, make the right decisions and observe the changes in the organization through time.
We also view concepts like lockbox which is a process of payment, and also its types of
businesses, then we talked about the different types of payment method, including transfers,
ATM`s, debit cards, checks, etc. If we want to have a nice job, or an own business, we must know
these financial terms and how to interprete them.
In addition, it is important to mention that the most important process of a business is the decisionmaking
process, which requires knowing the information and all the tools that the different
organizations, enterprises or banks of data bring us to have a financial analysis that should be
used to determine the best way to act.
In order to understand and implement the best way to improve a business know we have learned
this term, applying the right control of payment, preventing a harmful risk for the company,
determining if an inversion or a credit loan are optimal options or not, and calculating liquidity,
solvency, and performance.
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