This topic of the financial management course gives an overview of how to better understand the effect of the national economy on your business. It includes how to calculate and assess their effects on your personal decisions and your business.
This topic aims to increase your understanding of accounting principles and practices by solving the following problems:
- What are the economic factors that influence my business?
- How is my business affected by these economic influences?
- What must I do to be able to survive the negative economic environments?