Financial Management & Business Dynamics
Finance Industry – Domain Knowledge
Looking for knowledge and key business information on the Finance Domain?
TechnoFunc brings to you Finance domain overview, concepts, career path, knowledge & training. Finance Domain term is generally used to refer to the skills and jobs that fall under finance industry or financial services. It is used as a collective term to refer to a broad range of economic services provided by the finance industry, which encompasses a broad range of organizations that manage money, including credit unions, banks, credit card companies, insurance companies, consumer finance companies, stock brokerages, investment funds and some government sponsored enterprises.
Learn the various concepts in the domain area of Finance. Quickly enhance your finance knowledge and talk like an expert and impress your stakeholders in your next meeting!
"Finance Domain” term is generally used to refer to the skills and jobs that fall under the finance industry or financial services. There is a potential source of confusion regarding what we refer to with the term Finance Domain. On the one hand, there is a function called finance that is common to all business enterprises, in every industry, and on the other hand, we have financial institutions. The knowledge of the finance domain enables possible career paths within the financial services industry or with financial institutions.
If you are running a business, managing an IT project, designing, or improvising any business process, it’s very much likely that you will have to deal with financial concepts and financial lingo. Modern processes are integrating every aspect of the business from in receiving, warehousing, inventory control, production, sales, delivery, billing, and collection, in fact, the entire suite of accounting and management. Learn why you need to master finance.
A financial asset is a financial claim, an intangible asset that derives value because of a contractual claim. Learn about financial assets and the role the banking industry plays in the financial assets market. Learn about various types of financial assets and their importance in terms of the banking industry.
Learn what we mean by financial institutions and financial intermediaries. Learn the two main classifications of financial institutions and understand the significant distinction between depository and non-depository financial institutions. Learn how the financial system works and understand the concept of financial markets.
Depository intermediaries receive deposits from customers and use the money to run their businesses. These institutions may have other sources of income, but the bread and butter of their business are handling deposits, paying interest on them, and lending money based on those deposits.