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Jun 2nd, 2023
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  1. ~Business Finance~
  2. *Finance
  3. -Study and system of money, investments, and other financial instruments
  4. >3 Categories:
  5. 1. Public Finance
  6. -Includes tax systems, government expenditures, budget procedures stabilization policy and instruments, debt issues, and other government concerns
  7. -Federal government helps prevent market failure by overseeing the allocation of resources, distribution of income, and stabilization of money
  8. 2. Corporate Finance
  9. -Involves managing assets, liabilities, revenues, and debt for a business
  10. -Obtained ranging from equity investments to credit arrangements
  11. 3. Personal Finance
  12. -Include budgeting, insurance, mortgage planning, savings, and retirement planning
  13. -Depends largely on one's earnings, living requirements, and individual goal desire
  14.  
  15. *Financial Managers
  16. -Perform data analysis & advise senior managers on profit
  17. >2 Types:
  18. 1. Controllers
  19. -Direct the preparation of financial reports and summarize and forecast the organizations' financial position such as income statement
  20. 2. Credit Managers
  21. -Oversee the firm's credit business
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