29/08/2015
Asharqia chamber will hold a lecture about financial management for small businesses in AlJubail
Asharqia chamber will organize a lecture in cooperation with the industrial development center. The lecture will be titled “financial management for small businesses”, and it will take place on Monday the 24th of august 2015 in Jubail Technical Institute.
Salem Al-Khaldi, an engineer will speak about various topics. Amongst which is how to categorized businesses and small businesses, challenges that face small businesses, how to finance small businesses, the aim of financial businesses management and how to improve it.
The lecture has also discussed the importance of businesses management. It is considered as the defense wall that companies lean on to fulfill all the monetary obligations they have. Capital and stocks are the most available liable short-term assets, and capital is used for selling and buying. The monetary assets of a company consist of the capital in the company’s fund, and all the money on demand in the enterprise’s accounts. Having capital is essential for the enterprise to be functional and prosperous, as well as punctual in fulfilling all monetary obligations.
Al-Khaldi has explained the need for keeping capital as funds. Amongst the reasons is the enterprise need to fund the daily dealing of buying, selling, paying salaries and wages, or for emergencies or even for opportunities like taking over other companies by buying stocks in them. In addition, having funds is essential to benefit of the reductions on the raw materials prices when exporters announce that, as well as the expected reductions in the interest fees, to expand investments in stocks.
