Question

1) How do financial statements / budget tools contribute to your personal financial management? - 2)...

1) How do financial statements / budget tools contribute to your personal financial management?

- 2) What are the key steps to have a suitable financial plan?

3) Explain your reasons on how the following financial products discussed in class accommodate financial life cycle seen in class: a) insurance products b) investment accounts c) loan products d) retirement plans

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Answer #1

1.The financial statements providesa an insight of an organisation. The firms financial health can be measured throught this statement. It helps the shareholdres to decide whether to continue with the investment or not. It helps in personal financial management. It helps in analyse the company. The investor can calculate several ratios such as return of equity, etc to decide thier investment. They can also compare these ratios with the industry average and can decide whether the investment has beaten the market or not. So, these helps in personal financial management.

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