Question

Ques. Carefully explain what you have learned in Managerial Finance course and how it might assist you in your career.

Answer 1

Finance is a field which is present everywhere in the world . Every organization have to deal with money and finance is present where money is there. So it is necessary for every individual to know about finance.

Managerial accounting is the process of identifying, measuring, analyzing, interpreting and communicating information for the pursuit of an organization's goals. This branch of accounting is also known as cost accounting. The key difference between managerial and financial accounting is managerial accounting information is aimed at helping managers within the organization make decisions, while financial accounting is aimed at providing information to parties outside the organization.

Managerial finance is very useful in drafting the accounts of any organization there may be different types of approaches in accounting but the basics are the same .

Managerial finance in career :

It plys a major role in the growth of the career and we can have growth in any organization we are into it provides a lot of importance in carrer .

There are many fields in managerial finance

Cost accounting

Capital budgeting

Financial markets

Portfolio management

Investment advisor

Accountant

Finance manager

There are lots of opportunities we can get through managerial finance.