Given all the calamity in the financial markets in recent years,are you now more or less inclined to pursue a career in financial services? Why?
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Given all the calamity in the financial markets in recent years,
are you now more or less inclined to pursue a career in financial services? Why?
Financial services are described as the specific activities in the field of insurance, investment and banking.
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Solved in 2 steps
- We tend to look up to financial managers on matters relating to money and finances. However, life can be ironic as when financial managers, though successful in their chosen career, seem to be struggling in their personal finances. Hence, the question, " How does the ability to manage personal finances make or break one's dream of becoming a successful financial manager?"Why should persons who pursue careers in business have a basic understanding of finance even if their jobs are in areas other than finance, such as marketing or information systems?Consider the dilemma you might someday face if you are the chief financial officer of a company that is struggling to maintain a positive cash flow, despite the fact that the company is reporting a substantial positive net income. Maybe the problem is so severe that there is often insufficient cash to pay ordinary business expenses, like utilities, salaries, and payments to suppliers. Assume that you have been asked to communicate to your board of directors about your companys year, in retrospect, as well as your vision for the companys future. Write a memo that expresses your insights about past experience and present prospects for the company. Note that the challenge of the assignment is to keep your integrity intact, while putting a positive spin on the situation, as much as is reasonably possible. How can you envision the situation turning into a success story?
- Texo Enterprises is a relatively small and new business firm and you have been appointed as their new Finance Manager. What are your expected functions of this new position?What is your understanding on private equity, is it financial institution? Explain. If you are a financial advisor, what do you think you can suggest from the management of a company who is suffering from financial distress? Why? Explain.As a student, what do you think will be the positive effects of having knowledge to financial markets?
- What would happen to the standard of living if people lost faith in the safety of financial institutions? And why?What is a financial market? What is the role of a financial market? 3-2 What would happen to the standard of living in the United States if people lost faith in our financial markets? Why? 3-3 How does a cost-efficient capital market help to reduce the prices of goods and services? 3-4 The SEC attempts to protect investors who are purchasing newly issued securities by requiring issuers to provide relevant financial information to prospective investors. The SEC does not provide an opinion about the real value of the securities. Hence, an unwise investor might pay too much for some stocks and consequently lose heavily. Do you think the SEC should, as a part of every new stock or bond offering, render an opinion to investors on the proper value of the securities being offered? Explain.What would happen to a country standard of living if people lost faith in the safety of the financial institutions? Explain.
- Please explain properly for better understanding What is Finance? How is Finance different from Accounting? What are important basic points that should be learned to pursue a career in finance?What happens to a future value as you increase the interest (growth) rate? Explain. Also, what happens to a present value as you increase the discount rate? Explain. When might we see the impact of present and future value in terms of the accounting profession?How do emerging trends and research in accounting and finance influence financial professionals' strategic decisions, academic pursuits, professional development, and personal interests?