Navigating Finances in the Digital Lifestyle

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In the current economic conditions, one of the most important factors of success in doing business. Effective financial management has become established, which is based on the analysis and assessment of the financial resources of the organization. A modern manager urgently needs analytical data on the financial condition of the company, which is the starting point in making managerial decisions. The functioning of an enterprise in any industry comes into the attention of many people who are interested in the results of its work. These include internal market participants relations (shareholders, management, staff) and external users (government agencies, auditors, investors, partners, etc.) .

Recently, the increased complexity and, at the same time, the volume of international trade, caused by both geopolitical instability and technological changes that have radically transformed the practice of world trade, have significantly influenced the tools and methods by which financial managers, managing the finances of organizations, perform their functions and organize their activities. Today, a competent allocation of finances should. To provide broad trade facilitation while maintaining control over the international movement of goods, people and vehicles. In order to achieve a balance in this, the transition to electronic financial management is moving to a new level and approaches to fulfilling its tasks.

The financial market is a system of relations that arises in the process of exchanging economic benefits using money as an intermediary asset.

In the financial market, capital is being mobilized, loans are being provided, monetary exchange operations are being carried out and financial resources are being placed in production. And the aggregate the supply and demand for the capital of lenders and borrowers from different countries forms the global financial market.

The financial market consists of a number of sectors: investment, credit, stock, insurance, and currency.

In the financial market, financial resources are the object of purchase and sale. However, there is a fundamental difference in transactions in different sectors of the financial market. If money is sold on the credit market as such, i.e. they themselves are the object of transactions, then on the stock market, for example, the rights to receive monetary income, already created or future, are sold.

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