Category of general finance, which deals with the revenue and expenditure patterns of the government and their various effects on the economy.

The procurement and administration of funds with the view of achieving the objectives of the business

A system of exchange in which participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange, such as money

Attribute of good money where people can carry or transfer it from one place to another

Attribute of good money where people can recognize the money and tell its value

Example of economic good;

The first recognized coinage in the Philippines circulated between the 9th and 12th centuries

Locals called these crudely-made coins "hilis-kalamay" due to its resemblance to flattened rice cakes

This coin also called "dos mundos" (two worlds)

This coin officially valued at 16 silver pesos

The first paper money circulated in the Philippines issued in 1851 by the country's first bank the El Banco Filipino de Isabel II

During World War II in the Philippines, the occupying Japanese government issued fiat currency in several denominations; this is known as;

The emergency circulating notes

A financial statement that shows the performance of the business throughout each period.

A financial statement that displays the company's assets, liabilities, and shareholder's equity at a point in time.

A financial statement that displays the change in cash per period, as well as the beginning balance and ending balance of cash

Indicates a firm's growth, performance of investments and requirements of funds during a given period of time, usually three to five years

A business strategy designed to ensure that a company operates efficiently by monitoring and using its current assets and liabilities to the best effect

Identify the cash balance which allows for the business to meet day to day expenses, but reduces cash holding costs.

Identify the level of inventory which allows for uninterrupted production but reduces the investment in raw materials - and minimizes reordering costs - and hence increases cash flow.

Identify the appropriate credit policy

Identify the appropriate source of financing

An estimate of income and expenditures for a future period

Category of general finance which includes private undertakings such as charity, religion, and some private educational institutions.