Course hero problem set #1 Finance.docx

Course hero problem set #1 Finance.docx - Problem Set#1...

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Problem Set #1- Pages 8 and 9 1) The study of finance is based in economics and focused on the flow of money, interest rates, risk management, rates of return, financial markets and other business- related topics. Finance professionals advise businesses and investors on sound investments, capital allocation and financial management. 2) Mathematics is related to all parts of finance. In each financial equation mathematics is used to figure out equity gained, interest rates, profits on investments etc. Without a strong understanding in mathematics you are not able to be successful in the financial world. 3) Finance is the management of money. In order to manage money you need information on who, when , why, and what are involved with the management process. To manage finance on a particular firm one must be able to interpret financial statements prepared by accountants. For these reasons, and many more, accounting is a necessary tool that needs to be studied to excel in the study of finance.
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