Most adults will benefit from an understanding of

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Unformatted text preview: , and governments. Most adults will benefit from an understanding of finance, which will enable them to make better personal financial decisions. Those who work in financial jobs will benefit by being able to interface effectively with the firm’s financial personnel, processes, and procedures. Major Areas and Opportunities in Finance The major areas of finance can be summarized by reviewing the career opportunities in finance. These opportunities can, for convenience, be divided into two broad parts: financial services and managerial finance. Financial Services financial services The part of finance concerned with the design and delivery of advice and financial products to individuals, business, and WW government. W Financial services is the area of finance concerned with the design and delivery of advice and financial products to individuals, business, and government. It involves a variety of interesting career opportunities within the areas of banking and related institutions, personal financial planning, investments, real estate, and insurance. Career opportunities available in each of these areas are described at this textbook’s Web site at www.aw.com/gitman. Managerial Finance managerial finance Concerns the duties of the financial manager in the business firm. financial manager Actively manages the financial affairs of any type of business, whether financial or nonfinancial, private or public, large or small, profit-seeking or not-forprofit. Managerial finance is concerned with the duties of the financial manager in the business firm. Financial managers actively manage the financial affairs of any type of businesses—financial and nonfinancial, private and public, large and small, profit-seeking and not-for-profit. They perform such varied financial tasks as planning, extending credit to customers, evaluating proposed large expenditures, and raising money to fund the firm’s operations. In recent years, the changing economic and regulatory environments have increased the importance and complexity of the f...
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This document was uploaded on 01/19/2014.

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