Financial Propriety Meaning In Hindi

Learn more. Objectives of Auditing:. com with free online thesaurus, antonyms, and definitions. Financial Management--Text and Problems, MY Khan and PK Jain, Tata McGraw- Hill, Financial Management, Dr. proprieties Socially correct usages or behaviors. example: "lord of the rings" will match names from the novel 'The Lord of the Rings'. Any enthusiastic reader with basic. This is the British English definition of due to unforeseen circumstances. In order to transform the liability of the huge size of population into assets adoption of various measures for human capital formation is very much essential. Financial Meaning in Hindi. Essay definition in literature. Language: While your thank you note shouldn’t read like a business letter, it should have proper grammar and spelling. —is factored into the pricing of the merchandise. Payment can be in any form, including cash, a check, a money order, or an electronic transfer of funds. Office Memorandum for CLCSS Scheme by Ministry of MSME. Its first meaning is 'ट्रेडमार्क युक्त' which can be transliterated into english as 'tredmark yukt'. Economy thesis topics. org Dictionary. Payment can be in any form, including cash, a check, a money order, or an electronic transfer of funds. Answer Wiki. See complete definition Passive Candidate A passive candidate (passive job candidate) is anyone in the workforce who is not actively looking for a job. Corporate Finance 3. These metrics, in other words, have a clear message only when analysts compare investment returns to the investment costs that deliver them. Regularity, Propriety and Value for Money 5 2. Definition of FINANCIAL GAIN in the Definitions. Financial technology (Fintech) is used to describe new tech that seeks to improve and automate the delivery and use of financial services. paid with. The financial administration is entrusted with the task of taking proper measures regarding the development works. 2 Answers. It sets you on a course toward achieving your life goals through the proper management of your financial affairs. See complete definition Sales Development Representative (SDR) A sales development representative (SDR) is an individual who focuses on prospecting, moving, and qualifying leads through the See complete definition Salesforce Blockchain Salesforce Blockchain is a distributed ledger platform designed for customer relationship management (CRM). Social work master's thesis ideas. Forensic Audit FORENSIC AUDIT-DEFINITION Forensic audit involves examination of legalities by blending the techniques of propriety , regularity and investigative and financial audits. If you’ve ever. Description: Why the. New search features Acronym Blog Free tools. propriety synonyms, propriety pronunciation, propriety translation, English dictionary definition of propriety. Public Accountants has defined the Financial Accounting as "the art of recording, classifying and summarising in as significant manner and in terms of money transactions and events which in part, at least of a financial character, and interpreting the results thereof". This video is on sources of business finance 2nd chapter of secretarial practice of 12th standard in this video I explained internal source external source long term capital short term capital. Whether you are a startup, looking to expand, or reevaluating your current market, a market analysis helps you to identify the attractiveness of a market. Financial Sector Assessment Programs (FSAPs): As governments and standard-setting bodies started prioritizing financial access, financial inclusion topics have become prevalent in FSAPs, which are assessments the World Bank and the IMF developed to help strengthen countries’ overall financial systems and cover a range financial sector issues. Tata McGraw Hill. FENG: The Meaning of Wind in Chinese Medicine. Chapter 5 » Meaning and Importance of Decision Making Meaning of decision making Decision making is a process of selecting the best among the different alternatives. There are some important exceptions to this definition, including many non-profit organizations and the creditor that is owed the debt. These are written reports that quantify the financial strength, performance and liquidity of a company. Events after the balance sheet date Statutory Auditor’s Report – Report on the Audit of the Consolidated Financial Statements. FINANCIAL ACCOUNTABILITY: Financial Accountability or accounting refers to the system of recording and maintaining data of all financial transactions of both the Centre and State. Internal (Fact) Internal (Judgement) External Self-declaration Potential future sources Salary and overall. Capital Market is one of the significant aspect of every financial market. Paul Sticht, professor of International Business at Duke University. When i went for MBAmy teacher asked me a questionthat what is marketing?as i was from business background,Marketing is an art of selling something to someone, i said. Information about financial institution in the AudioEnglish. Meaning of Financial Management Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. (1) Fitness and Propriety definitions and sources of information 7 Financial soundness Working definition: Assessment that an individual is not in a financial position that might lead them to compromise their professional and ethical conduct. Universal health care essay questions. Greetings in Hindi Ready to learn some different greetings in Hindi so you can use more than just a simple "Namasthae"? After this free audio lesson you'll know some expressions to use at different times of the day, and for casual and formal occasions. Protocols specify interactions between the communicating entities. When you look up the definition of a word in our English dictionary, the results displayed will include not only words and phrases from the general dictionary, but also definitions added by users. Case study cover page nios an essay of 150 words on reservation quota system in india. Financial technology (Fintech) is used to describe new tech that seeks to improve and automate the delivery and use of financial services. Cash fl ow statement 17. It reports on the state's activities and balances for each fiscal year. Application letter for office secretary. Synonyms for proper at Thesaurus. impropriety synonyms, impropriety pronunciation, impropriety translation, English dictionary definition of impropriety. Information about financial institution in the AudioEnglish. Another definition is "Two or more people who share goals and values, have long-term commitments to one another and reside usually in the same dwelling. Meaning of financial institution. In other words, budgetary control is a process for managers to set financial and performance goals with budgets, compare the actual results, and adjust performance, as it is needed. There are total 2 hindi meaning and definitions have been listed for the english word 'financial'. Meaning of financial loss. Functions of Financial Markets Financial markets create an open and regulated system for companies to acquire large amounts of capital. Overhead is those costs required to run a business, but which cannot be directly attributed to any specific business activity, product, or service. Menu Search. In finance and investment planning, portfolio diversification is the risk management strategy of combining a variety of assets to reduce the overall risk of an investment portfolio. Define impropriety. Is there a right and wrong way to use them? Cleaning a toilet can be gross, but so can the tools you use for the task. proper criteria set out in these Guidelines, consider other factors that may be relevant, such as whether the relevant person has a good standing in the profession in respect of which the application is submitted. Some questions include the word 'ever', meaning that the required answers are not restricted to a specified period. Fairness in Legal Proceedings. org Dictionary. At its core, fintech is utilized to help companies. Business ethics must be like self-discipline. Six importance of maintaining proper School Records. Lending activities can be performed either directly or indirectly through capital markets. However , selecting a proper health care insurance method among the offered ones might not be for the reason that simple mainly because it sounds. What does financial institution mean? Proper usage and audio pronunciation (plus IPA phonetic transcription) of the word financial institution. * Propriety audit stands for verification of transactions in the best interest of public, commonly accepted and standards of conduct. Employment Growth is boosted by financial system. Proprietary ratio = Proprietor's funds / Total assets. journal voucher: A written authorization prepared for every financial transaction, or for every transaction that meets defined requirements. In Part 3, we consider the argument that deficits automatically drive up interest rates because the government borrowing squeezes available funds in the money. com with free online thesaurus, antonyms, and definitions. It means applying general management principles to financial resources of the enterprise. A human resources department is a critical component of employee well-being in any business, no matter how small. Masthead is a national supplier of risk management & compliance services to financial advisors and other licenced financial services providers (FSPs). Classroom management is simply the techniques teachers use to maintain control in the classroom. Best Answer: The effect of your action on the financial side of your business is known as financial implication. Questions form another portion of the foundation for workplace communication that shares meaning In a work environment that stresses open communication, employee involvement, and common goals, communication more frequent and more effective. See complete definition people analytics (HR analytics) People analytics, also known as human resource (HR) analytics and talent analytics, is a form of big data that applies math,. when it is used for external communication for conveying messages to customers and suppliers, it is called a. capability, manufacturing facilities, financial position, ownership or any legal restriction etc. A good cash flow ensures the survival of company. This handbook explores what propriety means in a financial context. Among the principles on which emphasis is. Firmware is a software program or set of instructions programmed on a hardware device. Thinking of names? Complete 2019 information on the meaning of Iva, its origin, history, pronunciation, popularity, variants and more as a baby girl name. Define ASM at AcronymFinder. View American English definition of due to unforeseen circumstances. Eligibility: Graduation + 2 years of professional work experience. Propriety definition is - the quality or state of being proper or suitable : appropriateness. How to use impropriety in a sentence. Chapter 5 » Meaning and Importance of Decision Making Meaning of decision making Decision making is a process of selecting the best among the different alternatives. Whether you are a startup, looking to expand, or reevaluating your current market, a market analysis helps you to identify the attractiveness of a market. Hence a plant layout, with proper design, encompasses all production and service facilities and provides for the most effective utilization of men, with materials and machines constituting the process, is a master blue print for coordinating all operations. Financing Decision Definition: The Financing Decision is yet another crucial decision made by the financial manager relating to the financing-mix of an organization. Cannons of Financial Propriety. Short essay in hindi on holi. Foreclosure Defenses: Was There a Proper Assignment of the Mortgage? If your mortgage has changed hands since you first took it out and the foreclosing bank doesn't have a valid assignment of mortgage, you might be able to challenge the foreclosure. Advantages of trees essay in hindi. financial accounting: A field of accounting that treats money as a means of measuring economic performance instead of as a factor of production. character and interpreting the results thereof". the description is the meaning and history write-up for the name; separate search terms with spaces; search for an exact phrase by surrounding it with double quotes. Financial Sector Assessment Programs (FSAPs): As governments and standard-setting bodies started prioritizing financial access, financial inclusion topics have become prevalent in FSAPs, which are assessments the World Bank and the IMF developed to help strengthen countries’ overall financial systems and cover a range financial sector issues. Classroom management is simply the techniques teachers use to maintain control in the classroom. with special attention to acupoint fengchi (GB-20) by Subhuti Dharmananda, Ph. It contains more than 60,000 entries from several of the most trusted names in publishing. Define propriety. An important part of any business or organization is, arguably, the money that comes in and the money that goes out. About the CFA exam. The term "accrual" refers to any individual entry recording revenue. Navy in the 1950s to manage the Polaris submarine missile program. Case study cover page nios an essay of 150 words on reservation quota system in india. The objective of financial decision is to maintain an optimum capital structure, i. Conclusion of personal statement sample. Thesis topics consumer behaviour how to write a company overview for a business plan. Capitalizes the first letter in a text string and any other letters in text that follow any character other than a letter. Firmware is typically stored in the flash ROM of a hardware device. What does financial institution mean? Proper usage and audio pronunciation (plus IPA phonetic transcription) of the word financial institution. Suppose, in a business total assets amount of $4,00,000 and Proprietors equity is $3,00,000 then. It depends on your day to day action, or your long term activity or due to some other reasons. Accrual concept is the most fundamental principle of accounting which requires recording revenues when they are earned and not when they are received in cash, and recording expenses when they are incurred and not when they are paid. Tata McGraw Hill. Market Analysis. Working capital is calculated by taking your. Learn more. Description: Why the. Essay in marathi on rainy day. Related Terms. The term mustard oil is used for two different oils that are made from mustard seeds: A fatty vegetable oil resulting from pressing the seeds,; An essential oil mustard oil - Meaning in hindi, what is meaning of mustard oil in hindi dictionary, pronunciation, synonyms and definitions of mustard oil in hindi and English. This may include developing written policies and procedures, internal controls, and budget controls. The money market which is a part of financial system, provides working capital to the businessmen and manufacturers due to which production increases, resulting in generating more employment opportunities. An important part of any business or organization is, arguably, the money that comes in and the money that goes out. About the CFA exam. Financial Information Processing: FIP:. Meaning of FIP. Propriety definition is - the quality or state of being proper or suitable : appropriateness. Advantages of trees essay in hindi. Protocols specify interactions between the communicating entities. IMA® (Institute of Management Accountants) is the worldwide association of accountants and financial professionals in business. Maintaining proper cash flow is a short run objective of financial management. when it is used for external communication for conveying messages to customers and suppliers, it is called a. Propriety definition, conformity to established standards of good or proper behavior or manners. What does FIP stand for? FIP abbreviation. Definition: Accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged. This objective of economic growth and development can be achieved by Mobilisation of Financial Resources. Another definition is "Two or more people who share goals and values, have long-term commitments to one another and reside usually in the same dwelling. This relationship highlights the fact as to what is the proportion of Proprietors and outsiders in financing the total business. In order to transform the liability of the huge size of population into assets adoption of various measures for human capital formation is very much essential. example: "lord of the rings" will match names from the novel 'The Lord of the Rings'. Define FIP at AcronymFinder. Note: Proposals involving financial implications, except those, which have been exempted, should be referred to the accounts for their advice. This objective of economic growth and development can be achieved by Mobilisation of Financial Resources. It is also possible for these owners to obtain financing by way of business partners or others, with cash to invest. New search features Acronym Blog Free tools. Principles. In exercise of financial powers, the sanctioning authority must pay due regard to the following principles: The expenditure should not prima facie be more than the occasion demands, and every Railway servant should exercise the same vigilance in respect of expenditure incurred from public money,. Meaning of Treasury Management: Treasury management is defined as ‘the corporate handling of all financial matters, the generation of external and internal funds for business, the management of currencies and cash flows and the complex strategies, policies and procedures of corporate finance. These components are all parts of the three components (plan, execute, measure) that we looked at above. Meaning of Market:. Essay in marathi on rainy day. Fairness in Legal Proceedings. It means applying general management principles to financial resources of the enterprise. A related account is Supplies Expense, which appears on the income statement. Proprietary Meaning in Hindi. Find descriptive alternatives for propriety. propriety synonyms, propriety pronunciation, propriety translation, English dictionary definition of propriety. A journal voucher is an integral part of the audit trail, and carries (1) a serial number, (2) transaction date, (3) transaction amount, (4) ledger account(s) affected, (5) reference(s) to documentary. Any enthusiastic reader with basic. Schools keep an account of each pupil on its roll and submit periodic reports, which contain all the necessary information about the pupils. A bank is a financial institution that accepts deposits from the public and creates credit. At its core, fintech is utilized to help companies. com Glossary of financial and investing terms allows you search by term or browse by letter more than 8,000 terms and definitions related to the stock market. Second definition is 'वित्तीय' and its transliteration into Latin is translated as 'vittiy'. 12 This definition is no doubt, no exposition of the deposit collection and „chequery‟ services of commercial banks and this is similar in conception to the definition of Professor Kent10The term bank and banking according to Professor Kent, do not lend themselves to precise definition, for the reason that a great variety of financial. In other words, the balance sheet illustrates your business's net worth. Foreclosure Defenses: Was There a Proper Assignment of the Mortgage? If your mortgage has changed hands since you first took it out and the foreclosing bank doesn't have a valid assignment of mortgage, you might be able to challenge the foreclosure. An ex parte proceeding, which is conducted with no notice to, or presence of, other parties would seem to violate that Constitutional right. Lending activities can be performed either directly or indirectly through capital markets. Applications deemed incomplete are not accepted by the FSC and will be rejected. Reward definition: A reward is something that you are given, for example because you have behaved well , | Meaning, pronunciation, translations and examples. Application letter sample for midwifery. Further data processing is done, which involves adding metadata and other data integration; another process in the data workflow. When i went for MBAmy teacher asked me a questionthat what is marketing?as i was from business background,Marketing is an art of selling something to someone, i said. One gets specialised service under this and here Specific costing is applied as products are prod. While most cybercrimes are carried out in order to generate profit for the cybercriminals, some cybercrimes are carried out against computers or devices directly to damage or disable them, while others use computers or networks to spread malware,. ' 'The propriety of the behaviour of the spy or decoy in so doing varies from one category to another. Application letter for office secretary. American Accounting Association defines. A definition of "audit committee financial expert" that leaves the meaning of the term entirely to the judgment of the board of directors would be highly subjective and could constitute an abrogation of our responsibilities under Section 407. net dictionary. Best way to organize literature review. Metrics have Meaning When Returns Match Costs That Brought Them. Define impropriety. Maintaining proper cash flow is a short run objective of financial management. Financial Planning: it's Meaning, Importance and Elements! Financial planning is an important part of financial management. CFA Institute is a global association of investment professionals. Organizational goals are strategic objectives that a company's management establishes to outline expected outcomes and guide employees' efforts. Hence it is necessary to study its correct meaning. Advantages 4. Esempio curriculum vitae insegnante scuola infanzia doc. proprieties Socially correct usages or behaviors. Concept and Meaning of Capital Market. Share meaning in Hindi शेयर क्या होते हैं आसान हिंदी में जानिये और शेयर बाजार में निवेश करने की और एक कदम बढाइये - Share Bazar. Plant layouts- Definition and objectives. There are total 2 hindi meaning and definitions have been listed for the english word 'financial'. This may include developing written policies and procedures, internal controls, and budget controls. financial accounting: A field of accounting that treats money as a means of measuring economic performance instead of as a factor of production. Hence a plant layout, with proper design, encompasses all production and service facilities and provides for the most effective utilization of men, with materials and machines constituting the process, is a master blue print for coordinating all operations. These stakeholders include – investors, creditors, public, debt providers, governments. An accounting ratio compares two line items in a company’s financial statements, namely made up of its income statement, balance sheet and cash flow statement. It is the process of determining the objectives; policies, procedures, programmes and budgets to deal with the financial activities of an enterprise. Financial Analysis is defined as being the process of identifying financial strength and weakness of a business by establishing relationship between the elements of balance sheet and income statement. Creative writing qmul. Know answer of question : what is meaning of Performance in Hindi dictionary? Performance ka matalab hindi me kya hai (Performance का हिंदी में मतलब ). IMA® (Institute of Management Accountants) is the worldwide association of accountants and financial professionals in business. We will define accounting and break the definition down into simple points; learn about the role of accounting in the financial world, its branches, areas of accounting practice, and the types and forms of business. Meaning of Financial Management Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. Obsessive-compulsive disorder: A psychiatric disorder characterized by obsessive thoughts and compulsive actions, such as cleaning, checking, counting, or hoarding. The marginal cost formula can be used in financial modeling What is Financial Modeling Financial modeling is performed in Excel to forecast a company's financial performance. Did You Know?. These private investors can provide loans, credit lines, leasing facilities for equipment, or other forms of capital, to sole proprietorship that have exhausted alternative financial resources. org Dictionary. Tata McGraw Hill. government in cases of suspected money laundering and fraud. Public Accountants has defined the Financial Accounting as "the art of recording, classifying and summarising in as significant manner and in terms of money transactions and events which in part, at least of a financial character, and interpreting the results thereof". By definition, the unemployed have no “market price” because there is no demand for their labour. A balance sheet is a statement of the financial position of a business that lists the assets, liabilities and owner's equity at a particular point in time. Offering to buy a service for which there is no price is not an inflationary act. Lease commitments 19. Persuasive essay topics for grade 11. Conclusion of personal statement sample. Employment Growth is boosted by financial system. Cash fl ow statement 17. Masters thesis anxiety. impropriety synonyms, impropriety pronunciation, impropriety translation, English dictionary definition of impropriety. It means applying general management principles to financial resources of the enterprise. Minimization on capital cost in financial management can help operations gain more profit. See Conflict of interest, Nondisclosure, Self-disclosure. Capitalizes the first letter in a text string and any other letters in text that follow any character other than a letter. Meaning of FIP. Proprietary ratio = 3,00,000 / 4,00,000 = 0. Proprietary Meaning in Hindi. Definition and synonyms of due to unforeseen circumstances from the online English dictionary from Macmillan Education. Financial reporting is a vital part of corporate governance. Definition: Accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged. Persuasive essay topics for grade 11. This chapter provides a fresh look into accounting. A good cash flow ensures the survival of company. Financial Management is an essential part of the economic and non economic activities which leads to decide the efficient procurement and utilization of finance with profitable manner. It is necessary for operations to pay the day-to-day expenses e. A human resources department is a critical component of employee well-being in any business, no matter how small. Universal health care essay questions. Arun Jaitley, Finance Minister, GoI on 11 th, August 2016. A 3 statement model links income statement, balance sheet, and cash flow statement. Cinematography film analysis essay. The glass, in this. Why is accounting so important? Well, for starters, it's all about the Benjamins. Chand Principles of Corporate Finance, Richard A Brealey etal. How to use propriety in a sentence. Case study cover page nios an essay of 150 words on reservation quota system in india. Financial planning is more than budgeting, saving or the perfect investment strategy. Definition and synonyms of due to unforeseen circumstances from the online English dictionary from Macmillan Education. The objective of financial decision is to maintain an optimum capital structure, i. Concept and Meaning of Capital Market. propriety synonyms, propriety pronunciation, propriety translation, English dictionary definition of propriety. Audience This tutorial has been designed to help beginners pursuing education in financial accounting or business management. Substance over form is an accounting concept / principle which means that the economic substance of transactions and events must be recorded in the financial statements rather than just their legal form in order to present a true and fair view of the affairs of the entity. If necessary, write the message on paper first and check it for errors before you fill out the thank you card. Nitin Kumar is a native Hindi speaker from New Delhi, India. The central. If you aren’t sure about the proper wording or are worried about errors, have a friend proofread it for you. org Dictionary. A current asset representing the cost of supplies on hand at a point in time. Every Officer should also enforce financial order and strict economy at every step and see that all relevant financial rules and regulations are observed, by his own office and by subordinate disbursing officers. Uc berkeley essay requirements. The reason for this is because the added cost of selling merchandise to end-user customers—labor, rent, advertising, etc. A human resources department is a critical component of employee well-being in any business, no matter how small. The term "accrual" refers to any individual entry recording revenue. com with free online thesaurus, antonyms, and definitions. It depends on your day to day action, or your long term activity or due to some other reasons. A human resources department is a critical component of employee well-being in any business, no matter how small. Meaning of Financial Management Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. It is also possible for these owners to obtain financing by way of business partners or others, with cash to invest. Description: Audit can be done. It is the process of determining the objectives; policies, procedures, programmes and budgets to deal with the financial activities of an enterprise. In this usage, an Entrepreneur is an entity which has the ability to find and act upon opportunities to translate inventions or technologies into products and services: "The entrepreneur is able to recognize the commercial potential of the invention and. Regularity, Propriety and Value for Money 5 2. Hello Friends, Understand the Types of finance with practical example. Application letter sample for midwifery. Essay in marathi on rainy day. Language: While your thank you note shouldn’t read like a business letter, it should have proper grammar and spelling. character and interpreting the results thereof". It is necessary for operations to pay the day-to-day expenses e. Financial modeling best practices Free Financial Modeling Guide This financial modeling guide covers Excel tips and best practices on assumptions, drivers, forecasting, linking the three statements, DCF analysis, Excel modeling and much more. It also includes a person or organization that provides advice or assistance about how to improve a consumer's credit record, credit history or credit rating. Financial Planning is for Everyone. A current asset representing the cost of supplies on hand at a point in time. See complete definition Sales Development Representative (SDR) A sales development representative (SDR) is an individual who focuses on prospecting, moving, and qualifying leads through the See complete definition Salesforce Blockchain Salesforce Blockchain is a distributed ledger platform designed for customer relationship management (CRM). Meaning of Financial Management Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. Associates and joint ventures 15. 12 This definition is no doubt, no exposition of the deposit collection and „chequery‟ services of commercial banks and this is similar in conception to the definition of Professor Kent10The term bank and banking according to Professor Kent, do not lend themselves to precise definition, for the reason that a great variety of financial. Educators employ a variety of strategies and techniques to ensure that students are organized, on task, well-behaved, and productive during the school day. FMS/OFMS: Use of the Financial Management Survey (FMS) for prime and subgrant applicants will end on September 30, 2019. It is the process of framing financial policies in relation to procurement, investment and administration of funds of an enterprise. An important part of any business or organization is, arguably, the money that comes in and the money that goes out. However the more detailed definition helps show the activities that occur in each of the three phase definition. What does financial loss mean? Information and translations of financial loss in the most comprehensive dictionary definitions resource on the web. There are total 2 hindi meaning and definitions have been listed for the english word 'proprietary'. Learn more. pro·pri·e·ties 1. It means applying general management principles to financial resources of the enterprise. a proper mix of debt and equity, to ensure the trade-off between the risk and return to the shareholders. example: "lord of the rings" will match names from the novel 'The Lord of the Rings'. This is the indented paragraph separated from the left margin using blank spaces. Menu Search. Conformity to conventional standards of behavior or morality. Minimization on capital cost in financial management can help operations gain more profit. Financial Accounting i About the Tutorial This tutorial will help you understand the basics of financial accounting and its associated terminologies. Definition of financial institution in the AudioEnglish. Designed to be the best free modeling guide for analysts by using examples and step by step instructions. Financial Planning: it’s Meaning, Importance and Elements! Financial planning is an important part of financial management. The financial administration is entrusted with the task of taking proper measures regarding the development works. How to use propriety in a sentence. How to use impropriety in a sentence. In terms of reporting revenue in a company's financial statements, different companies consider revenue to be received, or "recognized", different ways.