FOREX Magazine
IBP Finance I
IBP Finance I
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
This final project helped me to realize that there are many concepts usually used in the financial<br />
area which is an important area to study because of my career and my special interests, so I<br />
learned how many of these Financial concepts are used in real life, like news, where we noticed<br />
the importance of knowing how to read this type of texts. Financial terms help us a lot in our future<br />
to bring us a large financial language, concepts like liquidity, financial ratios, things that seems<br />
to be very simply and obvious are principal terms of our area that we must know.<br />
Also concepts like “credit” in general, are used a lot, every credit term and credit hold that<br />
conform a type of credit management in a corporation is very specific, also I learned that in the<br />
U.S enterprises have a score of their credit, talking about the amount of days they`re late, if they<br />
follow the terms, and other factors contribute to give them a grade of creditworthiness. We also<br />
investigated about the Duns & Bradstreet platform and the bog impact that has nowadays<br />
bringing such information of every business, this gave other enterprises the opportunity to analyze<br />
each business at his credit history, using scores, data, preventing risk and providing strategic<br />
financial services.<br />
It is considered that the analysis of financial statements is a method, which applied to any<br />
company allows you to accurately assess your financial situation allowing you to know in what<br />
condition is, make the right decisions and observe the changes in the organization through time.<br />
We also view concepts like lockbox which is a process of payment, and also its types of<br />
businesses, then we talked about the different types of payment method, including transfers,<br />
ATM`s, debit cards, checks, etc. If we want to have a nice job, or an own business, we must know<br />
these financial terms and how to interprete them.<br />
In addition, it is important to mention that the most important process of a business is the decisionmaking<br />
process, which requires knowing the information and all the tools that the different<br />
organizations, enterprises or banks of data bring us to have a financial analysis that should be<br />
used to determine the best way to act.<br />
In order to understand and implement the best way to improve a business know we have learned<br />
this term, applying the right control of payment, preventing a harmful risk for the company,<br />
determining if an inversion or a credit loan are optimal options or not, and calculating liquidity,<br />
solvency, and performance.<br />
47