Financial Institutions Overview
This lesson defines financial institutions and lists the types of banking and non-banking financial institutions. It also explains the key differences between these institutions and their functions in the economy.
- 00:57 “Financial institutions refer to all business organizations which hold money for individuals and institutions and may borrow from them in order to give loans or make other investments. That is, all those financial institu...”
- 16:05 “are financial documents to which the government can solve for loan from the public and interest repeat back when the government is paying back the loan. Bill of exchange. Call on money fund. Call on money fund is a kind...”
- 01:48 “have it in lower supply so that it can be used and channeled into the production processes through borrowing and lending. Times of financial institutions, the two major groups of financial institutions are banking financ...”
Public Sector Accounting Overview
This lesson covers the definition of public sector accounting and its importance. It explains the sources of government revenue and classifies expenditures into capital and recurrent. Key concepts and terms related to public sector accounting are also discussed.
- 05:31 “Also of assembly foreign investors, those that want to invest in the country, they will need the records of that particular country. How does revenue come to this government? What are the sources of revenue? And then how...”
- 15:38 “It is not solely owned by the federal government. The federal government will need to disbose the funds. Share into three. Part of it to be taken by the federal government itself parts to be given to the state government...”
- 07:06 “That means we don't prepare our accounts based on the fact that there are some people all in us, such as debtors or that we are all in some people, such as creditors. Our accounts is prepared based on amounts that comes...”