Money the way, can be managed comes under financial services. Either it could be in term of investment banking or insurance cover of customer wealth or account management for the same. Proving finance through different means like credit instruments, financial products and services. Cheques, bills, Credit Letter, promissory notes, debt instruments etc comes under financial instruments. The financial products that’s comes under our day to day transaction are credit, debit cards etc. Mutual Fund are the best known investment product serve under financial services.
Investment banking: Financial or banking sector server governments, private institution and corporate for capital raising (underwriting),investment advisory services and Mergers and acquisitions from investor(who wants to invest) to corporation(who needs money to run and expand organization). This services from financial sector known as Investment Banking.
All-service institution provides the following services:
So what does that concern? Financial establishment have a lot of related contents – financial data related to stock market content and credit ratings, specialized finance hardware and software, analysis tools on big data, various news reports related to investment possibility, process for complying with financial regulations, and many more. All these services from institution allow investor to function successfully.
Insurance: Insurance is characterized as an agreement, known as a policy, uner which an individual person or institutions obtain financial covering and reimbursement of losses from the insurance firm or the company. So we can say that, it is some kind of protection from all affirmative financial losses or damage.In principle insured entity will spend a small chunk of money as premium to insure a heavy damage or loss in any case. In practical lots of premium amount from various entity collectively serve a single one entity’s damage or loss at a time.
Benefits of an Insurance Cover:
About Accounting: Accounting is the procedure of tracking financial transactions relate to a business. The accounting activity includes reiterating, analyzing, and availing details of these transactions to supervising agencies, regulators, and tax collection entities. The financial statements used in accounting are a compact summary of business transactions over an accounting financial period, iterating an institution’ s transaction, fiscal position, and cash flows.