0
What is the future outlook for a career in finance and economics?
Wiki User
∙ 14y ago
It is agreed that every organisation needs multi skilled person for their job/jobs since a multi skilled person is like as a multi tasking engine. But a master of everything is the master of none.and what a fince or economics specilist can do that cannot be done by a marketing of HR or Operation specialist. Therefore each specialisation have their own value. No doubt if a company or an organisation call for interview they needs multi skilled personell for job rotation but if a company call for finance manager then they will emphasis more on finance rather then on other branches/skills. Every organisatiion need a finance manager and finance personell for their business or organisation.Also in this speed growing world the business grows speedly and each and every moment new organisation develops.To manage finance in organisatioin a finance person is needed. So the finance and economics future is bright always. But for security we have to grow ourself like multi tasking engine, since demand says what is presently now.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What is the future outlook of Walmart?
At the present time, it is hard to say because of the economy, but it appears that Walmart's outlook for the future is better than many other stores and that it will survive. (December 2013)
How does sectionalism affect economics and politics?
it does not allow people to see in the future
What are your career options if you take pcm with economics?
as such, pcm with economics is not a great option.... the only benefit is that it keeps your options of both commerce and science open especially when you are not sure of what you want to do in the future. however, i would still recommend it because many students aren't clear of their goals at an age of 15.... it would save you from the dissatisfaction of taking science when all you wanted to do was something in commerce or vice versa.
Relationship between Finance and Accounting and Economics?
Financial management has a close relationship to economics on the one hand and accounting on the other. Relationships to Economics: There are two important linkages between economics and finance. The macroeconomic environment defines the setting within which a firm operates and the micro-economic theory provides the conceptual under pinning for the tools of financial decision making. Key macro-economic factors like the growth rate of the economy, the domestic savings rate, the role of the government in economic affairs, the tax environment, the nature of external economic relationships the availability of funds to the corporate sector, the rate of inflation, the real rate of interests, and the terms on which the firm can raise finances define the environment in which the firm operates. No finance manager can afford to ignore the key developments in the macro economic sphere and the impact of the same on the firm. While an understanding of the macro economic developments sensitizes the finance manager to the opportunities and threats in the environment, a firm grounding in micro economic principles sharpens his analysis of decision alternatives. Finance, in essence, is applied micro economics. For example the principle of marginal analysis - a key principle of micro economics according to with a decision should be guided by a comparison of incremental benefits and cost is applicable to a number of managerial decisions in finance. To sum up, a basic knowledge of macro economics is necessary for understanding the environment in which the firm operates and a good grasp of micro economic principles is helpful in sharpening the tools of financial decision making. Relationship to Accounting: The finance and accounting functions are closely related and almost invariably fall within the domain of the chief financial officer as shown. Given this affinity, it is not surprising that in popular perception finance and accounting are often considered indistinguishable or at least substantially over lapping. However, as a student of finance you should know how the two differ and how the two relate. The following discussion highlights the difference and relationship between the two. Score Keeping Vs Value maximizing: Accounting is concerned with score keeping, whereas finance is aimed at value maximizing. The primary objective of accounting is to measure the performance of the performance of the firm, assess its financial condition, and determine the base for tax payment. The principal goal of financial management is to create shareholder value by investing in positive net present value projects and minimizing the cost of financing. Of course, financial decision making requires considerable inputs from accounting. The accountant's role is to provide consistently developed and easily interested data about the firm's past, present and future operations. The financial manager uses these data, either in raw form or after certain adjustments and analyses as an important input to the decision making process. Accrual Method Vs Cash Flow Method : The accountant prepares the accounting reports based on the accrual method which recognizes revenues when the sale occurs irrespective of whether the cash is realized immediately or not and matches expenses to sales irrespective of whether cash is paid or not. The focus of the finance manager, however, is on cash flows. He is concerned about the magnitude, timing and risk of cash flows as these are the fundamental determinants of values. Certainty Vs Uncertainty: According deals primarily with the past, it records what has happened. Hence it is relatively more objective and certain. Finance is concerned mainly with the future. It involves decision making under imperfect information and uncertainty. Hence it is characterized by a high degree of subjectivity. http://www.citeman.com/2872-relationship-of-finance-to-economics-and-accounting.html
Role of managerial economic in decision making?
The role of managerial economics in decision making is to help in the analysis of economic trends which will be used in making critical decision. This will focus on past, present and future economic patterns.
What type of major should a future stock broker be in college?
Firms to be a stock broker usually require college graduates, courses such as Finance, Accounting, Economics or Statistics could help push you further into this career.
Where can one find a career outlook tool?
The Bureau of Labor and Statistics currently has a very robust career outlook tool. It allows you to search for jobs by pay, requirements, environment, and employment projections for the future.
Job outlook for a tv show host?
It means what to look out for the future. Like is this career going to be available in the future for you or whoever wants it. Does the job look promising?.
What is the future outlook for Micheal dell business?
what is the future outlook for this business
What is the outlook for pediatricians in the future?
The outlook of any medical career depends on the continued need for their work. The job of any doctor follows the rules of supply and demand - there will always be a patient, so there will always be a doctor.
Is studying economics as a science student ok?
One rule of study. Select the course in which you feel comfortable and interested. I have witnessed many students struggling in choosing their career. Unfortunately in different regions of the world students are given proper counseling for future perspective. Coming back to the question. The field of economics is very broad. This course is inter related with finance number crunching. It's worth studying economics if your are interested in it.
What is the future outlook for solar engery?
exactly what does future outlook mean?
What is meant by one's outlook in life?
Your outlook is the way that you think about the future. Some people have a positive outlook and see the future as hopeful. Other people have a negative outlook and see the future as fearful. Your outlook can be changed if you do not like the way that you now see things and want to start being more hopeful.
What is a chef's future outlook?
to be the best they can be
What is the radiologist outlook for the future?
radiorific.
What is the future outlook of oncologists?
good.... cancer is a growing problem more and more people are getting it every year and so they need more oncologist to treat them
What is the future outlook of a cheerleading coach?
Obviously, you can't coach forever, you body won't allow it. You can have the hope of running your own gym someday, or choose a fallback career.
