Financial Science and Art's methodology, as the name implies, is both a science and and art. Our methodology applies math and statistics to established economic principles such as competitive life cycle, growth limits, return on capital limits and cash flow valuations. That's the science. All of our reports and recommendation are supported by our methodology, we all speak the same language and we all understand mathematical principles of Economics. However, forecasting is an art. While our analysts adhere to our methodology, there is some degree of freedom to adjust the forecast. For instance, an analyst can apply a more/less aggressive fade depending on the nature of the company and the industry they operate in. The analysts have a number of levers they can pull to adjust the forecast if they can make a cogent argument to do so. In the end, what really matters is performance and we have a decade of out performance that provides a proven methodology.
Financial accounting is an art and a science. ÊThe art of accounting is recording, reporting, and analyzing. Finance is the area that is being studied in accounting.Ê
Finance: Art or Science ?Posted by Md.Salim Ansari on Monday, January 18, 2010Lawrence J. Gitmanhas defined finance as 'an art and science of managing money'. It implies that finance is Bothart and science. Finance is a matured science since it provides knowledge as to how and at what time a firm should invest to outstrip other firms.On the other hand, finance is also an art. In modern time, finance has become more analytical. The new financialtheories have been developed. Many data have been developed to prove these theories right or wrong. the financial mangers should examine the differentalternatives related to the raising and managing money. they should formulate the models to predictthe results obtained from the use of any one alternative.In this way, the new theories, models and methods havemade finance scientific. But the financialtheories cannot be accurately compared with the 'Scientific Method' that applies to physicsscience. Physics predicts as to what happens from an action. for example, physics says that if a ball is thrown upward, that eventually falls down. This is not true in finance. For example, the financial analyst can predict from the historical trend that the rate of interest will change in a definite pattern. But, in reality, the rate of interest may change in different pattern. Despite this, financial guidelines and theories are useful in financial decisionmaking. But any decision should be made by mixing those guidelines with self-skill. According to R.A. Stevenson, in modern time finance is a 'scientific art'. He opines 'finance is the science of knowing how to predict financial consequences and the art of knowing when to act'. It assists the financial managers of today to avoid the difficulties of tomorrow.
It is an art as it can not be a science.
Erm...more of an art.
i think its both an art and a science
love youuu ART
It is a social science and also an art subject.
It's a science for those who do not know that it is an art.
Both scientific art and artistic science.
commerce is science as well an art
why you say surveying is an art and science
things that pertain to science in art project