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Question 4: Mr. Abdulla wants to start his own business. His friend suggested him to know some basic knowledge about different aspects like, finance, accounting,

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Question 4: Mr. Abdulla wants to start his own business. His friend suggested him to know some basic knowledge about different aspects like, finance, accounting, marketing etc... Why Mr. Abdulla know about all the above subjects How he will benefit by knowing basic knowledge of all? Justify your answer. (7 Marks, Word Limit 200-350) (B) MR. Hamed recently graduated from a popular university. He is planning to start his own business. So, he approached a consultant to estimate his business financial plan. The planner planed and submitted to Mr. Hamed . It includes several points like total investment needed and profit on investment, how and where to acquire his funds, how to manage assets and liabilities for future growth, how to record the financial transactions, the estimated financial position, how to use the profits effectively. Form the above cases identify and explain the finance areas of the business plan. (3 Marks, Word Limit 150-100)

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