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  • Career areas in finance include corporate and public finance, banking, insurance, and financial planning. The Bureau of Labor Statistics predicts that employment of financial managers will grow slower than the average for all occupations between 2010 and 2020, resulting in competition for jobs.
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  • Important Tips for Financial Management in a Business
  • Financial management is closely related to accounting. In most firms, both areas are the responsibility of the vice president of finance or CFO. But the accountant’s main function is to collect and present financial data. Financial managers use financial statements and other information prepared by accountants to make financial decisions.
  • “Finance is a fast-paced field with a steep learning curve,” says Alexander Lowry, executive director of the financial analysis program at Gordon College. “Finance jobs are not stagnant, and the rate of change seems to be accelerating rapidly. You have to put in the effort to learn and to keep up with the quickly moving environment.”

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  • Business finance programs in universities familiarize students with accounting methodologies, investing strategies and effective debt management. Small business owners must have a solid understanding of the principles of finance to keep their companies profitable. Financing, simply put, is the act of bringing money into an organization.
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