Services which are rendered by organizations with the primary goal of uplifting and enhancing the financial position of any business concern in terms of its turnover, capital investments, profits and diversifications are called financial institutions or services. Banks were the first to initiate the financial services for its clientele.
Recently, there are many other financial service centers which are offering assistance in several forms to their clientele. Banks offer a large variety of services in the form of checking accounts, debit and credit cards management, loan feasibility organization, Insurance and other money investment and management strategies for customers as well as for corporate clients. Even share trading has become part of the management events. Business banking is a particular sector in banking which aims to attract corporate clients by providing immensely high standards of services in providing loans for the establishment and operation of businesses, providing cash overdrafts and other money management services in a business concern.
Another financial service which is gaining prominence in the banking sector is the presence of online transactions involving cash and credit card transactions, funds transfer, loan disbursal, cheque deposits, and so on. The customers are provided with unique identities which makes such transactions secure and unassailable. Other than banks, the finance industry also encompasses finance companies which are private sector undertakings, credit card management companies which take care of collection of any outstanding in credit cards, accountancy concerns which are involved in maintaining the accounts for particular financial year for a concern, and so on.
Difficulties encountered in writing Financial Services assignment/assessments?
Students are provided assignments based on banking sector, private financial services, credit card companies, insurance concerns, and so on. Therefore, it is mandatory that they should be aware of the basic concepts of these concerns, including their principles, motto and policies through which they operate and the purpose for their various services. If students are not aware of the concerns and the differences between the various financial services offered by the organizations, they cannot undertake the assignments and present them with clarity. The operations of financial services should be perceived and comprehended by students in order to write a well-defined, comprehensible and intelligible assignment or assessment with no deviation from the topic concerning the types of financial services.
It is also essential that if students have confusions pertaining to the services provided by the various types of organizations, they will not bring out a coherent and logical work, which is required of them. The manner in which the assignment is presented provides an insight into the understanding of the topic by the students and provides them with better scores from evaluators.
The initial paragraph should bring out the important points to be discussed under the topic and take a particular stance either in favor or against the provided information. Students should logically support their stance with examples and claim for the authenticity of the information provided.
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