The Finace Master

What you Need to Know to Achieve Lasting Financial Freedom

Ramit Collins

$54.95 $46.40

Paperback

Not in-store but you can order this
How long will it take?

Availability Information

We source books from suppliers in Australia and overseas. For books we don't currently have in stock, the time it takes to get them from our suppliers can vary widely - from a few days to a few months - so we check each book with each supplier to determine the expected time it will take to be supplied to us.

We then advise you accordingly. If the time taken to get any book is too long for you, you can let us know and we will cancel or adjust your order, and refund as required.

To find out the anticipated arrival time for specific items prior to ordering, please contact us by phone or email:

Phone +61 2 9264 3111, or 1800 4 BOOKS (1800 4 26657) if outside Sydney:
option 1 Abbey's Bookshop (Crime, History, Science, Kids & more) • info@abbeys.com.au
option 2 Language Book Centre (ESL & Foreign Languages) • language@abbeys.com.au
option 3 Galaxy Bookshop (Sci-fi, Fantasy, Romance, Graphic Novels) • sf@galaxybooks.com.au

QTY:

English

Tg Naaeder
17 February 2024

Monetary economics; Finance; Investment & securities; Personal finance

Summary
Details

The art and science of managing money is known as finance. It is an intriguing and intricate topic that has an impact on all facets of our lives, both locally and globally. We engage in financial activities that demand knowledge and abilities, whether we are paying taxes, building a business, investing for retirement, or saving for a rainy day.

The field of finance is similarly dynamic and ever-changing, adapting to the world's shifting demands and difficulties. Finance has always been impacted by technology, politics, culture, and human behavior, from the time of the ancient civilizations that used coins and bartering to the present day of digital currencies and block chain technology. In addition to numbers and formulae, finance also involves narratives and feelings.

Value creation is the primary objective of finance. Value is the amount of money or other benefits that something is worth. Finance assists people and organizations in allocating their limited resources-such as time, money, and assets-in the best possible ways to meet their goals and optimize their value. In addition, finance facilitates the measurement and dissemination of the outcomes of these choices to a range of stakeholders, including creditors, shareholders, employers, workers, regulators, and the general public.

The primary roles of finance are:

- Financing: This entails raising and supplying money for a range of uses, including operating, spending, and investing. Depending on the cost and risk involved, financing can come from a variety of sources, including debt, equity, and hybrid securities.

- Investing: This entails distributing money across various assets that are anticipated to yield returns in the future, such as stocks, bonds, real estate, or commodities. Depending on the liquidity and volatility involved, investing can be done for short-, medium-, or long-term periods of time.

- Divestment: This is the process of getting rid of money or assets that are profitable, no longer needed, or that can be replaced with better options. There are several motivations to divest, including value unlocking, risk reduction, and efficiency improvements.

The essential phrases and concepts in finance are:

- Money: The most extensively used and accepted form of exchange for transactions. Depending on the convenience and level of security, money can be transferred electronically, in cash, or as bank deposits.

- Interest: Denoted as a percentage of the principal amount over a given period of time, interest is the cost of borrowing or lending money. Depending on the specific terms and conditions involved, interest can be either simple or compound, fixed or variable.

- Inflation: Measured as a percentage change over a given period of time, inflation is the overall upward trend in prices of goods and services over time. Money loses purchasing power due to inflation, which also has an impact on the true worth of financial transactions.

- Risk: This is the chance or size of losses or gains, expressed as the uncertainty or variability of the results of financial actions. Depending on the type and degree of risk involved, several indicators can be used to quantify risk, including value at risk, beta, and standard deviation.

- Return: Measured as the percentage change in an asset's or investment's value over time, return represents the benefit or reward of financial decisions.

Finance, which stays away from a lot of algebra and formulas, is a succinct introduction to the inner workings of finance at the corporate level. It covers the fundamental ideas and subjects that are pertinent to everyone who wishes to comprehend and advance their financial knowledge and abilities. Finance is a fun and interesting book in addition to being a helpful and practical reference.

By: Ramit Collins
Imprint: Tg Naaeder
Dimensions: Height: 216mm, Width: 140mm, Spine: 5mm
Weight: 109g
ISBN: 9798224154760
Pages: 86
Publication Date: 17 February 2024
Audience: General/trade , ELT Advanced
Format: Paperback
Publisher's Status: Active