BUS330 HW1 - Bosun Kim (Sunny) Professor Nugent BUS 330 5...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Bosun Kim (Sunny) Professor Nugent BUS 330 5 June 2011 Chapter 1 Homework Questions 1. How is finance related to the disciplines of accounting and economics? Finance is essentially a combination of accounting and economics. First, finance use accounting information to analyze, plan, and allocate financial resources for business firms. Second, finance use economic principles to guide them in making financial decisions that are in the best interest of the firm. Finance is an applied area of economics that relies on accounting for input. 2. List and describe the three career opportunities in the field of finance. First, Financial management manages a business firm. It analyzes forecasts and plans a firm’s finances and assesses risk and evaluates and selects investments. Also, it not only decides where and when to find money sources and how much money to raise but also it determines how much money to return to investors in the business. Second, Financial markets and institutions handles the flow of money in financial
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/11/2011 for the course BUS 330 taught by Professor Nugent during the Summer '08 term at SUNY Stony Brook.

Page1 / 3

BUS330 HW1 - Bosun Kim (Sunny) Professor Nugent BUS 330 5...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online