INTRODUCING THE WORLD OF FINANCE

A massive field with numbers grazing every nook and corner of it, standing far is a group of people staring into oblivion, finding patterns, algorithms, success codes amidst the numbers present. With each passing day, a member makes a mind-boggling discovery, paving a path to getting these incremented numbers to oneself and a position one likes to achieve, setting a target hence, for success!
Finance – The management, creation, and study of money and investments. It is one of the eldest yet vital streams of studies and deals with one of the oldest problems in the history of mankind i.e. lack of money, its plan of utility, and study of Financial Concepts to put idle money to work, plan and prioritize the use of scarce funds. Finance is everywhere as everyone needs to manage their financial resources. Any activity, more or less, would already have or will require an intervention of Finance. Cost of goods sold is the carrying value of goods sold during a particular period. The market value or agreed exchange value is the selling price of a particular commodity.
Profit- when the selling price of a particular commodity is higher than the cost price thereby, when the commodity is sold, the amount of money available with that particular individual or their company is in excess.
Loss- when the cost price of a particular commodity is lesser than the selling price thereby, when the commodity is sold, the amount of money available with that particular individual or their company is in shortage.
Surplus- An amount of money/produce left over after the requirements are met!
Deficit- When there is no money/produce left over to meet the requirements or when there is an excess of expenditure or liabilities over the amount of income or assets acquired! This primary relationship between cost price and selling price gives rise to a much larger activity.
Business - A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for profit entities or non-profit organizations. This simple relationship of acquiring and selling of commodities, when the quantity dealt with is way bigger, the involvement of many parties such as the government which then leads to branching of the source and acquisition of money that further leads to the amount one must get, increasing the complexity of the relationship.The intrinsic understanding of this complex relationship places one in a very successful position!
Heroes of Wall Street: Located in the lower Manhattan of New York City, is the humble home New York stock exchange, an umbrella term used to describe the financial markets and public trading! John Paulson, Warren buffet, James Simons, Jordan Belfort, Irene Dorner Driving home to fall upon Mukesh Ambani, Azim Premji, Ratan Tata, Kiran Mazumdar, Indira Nooyi Not only do the above fall under a bracket of successful business personalities but also those starting from very humble backgrounds, their tone of differentiation being, understanding the market, its requirements, and the answers to many WHY’s of the financial world!