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What is the main Base of Finance?

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Question added by Nur Hossain , Accountant , Digital Print Saree
Date Posted: 2014/10/29
James Perez, CPA, CMA Candidate
by James Perez, CPA, CMA Candidate , Assistant Manager-Financial Planning and Analysis , Tupperware Brands Philippines

There are10 Axioms of Finance:

1. Risk and Return Trade-Off

2. Time Value of Money

3. Cash, Not Profit, is King

4. Incremental Cash Flows

5. Curse of Competitive Markets

6. Efficient Capital Markets

7. Agency Problem

8. Taxes bias business decisions

9. All risk are not equal

10. Ethical behavior is doing the right thing, ethical dilemmas are everywhere in finance.

 

Charles Offodile
by Charles Offodile , Sedco Forex , Noble Drilling co Ltd ,Dual Drilling co Ltd, Schlumberger international, Petro-smart completions Ltd and Total E&P Usan Fpso

The Main base of finance is the science of money management to execute any operational function

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