Question

I need a minimum of 400 words, do not answer one line answers!

What skills and knowledge do you hope to gain by studying Finance?

Please write it here and not on paper. Do not plagiarize the answers.

Answer 1

Finance is related to management of money and it is related to effective use of money so that an individual can attend financial independence and a business can maximize its organisational value.

finance will provide an individual with adequate amount of knowledge about management of his money and allocation of his money in such resources that will help in generate highest possible Corpus at retirement he will be trying to attend the financial independence and finances management are highly important in current world due to various kinds of Concept like time value of money and compounding in practice it will be helping with money to grow over a period of time and hence the individual in order to have a larger Corpus at the time of retirement or it will help the individual to make decisions for really regarding his future.

finance will also help us teaching the important of debt capital and credit in our day to day life and the impact it can have in improving the lifestyle as well as it can have disastrous impact so there should be a proper exposure to debt in our life and it should be managed in a better way in order to enhance utilisation of money so that individual can have a better Corpus.

finance will be helping us to understand that how various projects are selected by the business organisation of looking into their acceptability criteria like and at present value along with internal rate of return and payback period methods which will be helping the business in order to select various projects out of a large number of projects and it will help the business in order to maximize their value because businesses are ultimately running for making profits and Finance is also related to enlargement of the prophet and Finance is known as the lifeblood of the business and hence businesses should always be trying to improve the financial management cannot have a better management of the funds available to them and individual will be trying to find out the effectiveness of management of the finish and Organisation in order to invest into the market.

it will also help the individual in order to understand the important of savings in early stages and importance of not having higher amount of credit and the importance of investing into very good companies with can maximize his overall rate of return so it will provide him with competitive edge with management of the finance with an earlier stage.