
Concept explainers
Finance:
Finance is a field of economics and is defined as a science of money management that is concerned with the investments of assets and liabilities in areas of time, space, risk or uncertainty.

Explanation of Solution
Background in finance:
Finance is a specialized area of study that forms the backbone of each industry or organization and having a sound team of financial experts is the key to success for any business.
One can build a background in finance by taking up financial program at the university level.
Then one can build a career in finance in anyone of the three sub-categories: public finance, corporate finance and personal finance.
Explanation of Solution
Courses in finance:
Some of the best courses to study in order to build a career in finance are:
- MBA: MBA stands for Masters in Business Administration and this degree is awarded to students who have mastered the study of business.
- CPA: CPA stands for Certified Public Accountant and it gives license to provide accounting services to the public. CPA’s aid business in staying strong and competitive and ensure financial integrity through account analysis.
- CMA: CMA stands for Certified Management Accountant and it demonstrates the professional expertise one need to have in financial planning, analysis, control, decision support and professional ethics.
- CFA: CFA stands for Chartered Financial Analyst and is a professional credential offered internationally to investment and financial professionals.
- Chartered Accountancy: Chartered accountancy is a course clearing which one can work in all fields of business and finance, including auditing, taxation, financial and general management.
Explanation of Solution
Yes, I have worked in financial industry as an investment banker after completing MBA degree.
Explanation of Solution
Working in financial industry:
While working in financial industry one does the following:
- Having a career in financial services ensures that one never stopped learning as constant innovation is commonplace and it creates a fast paced work day.
- Working in financial services plays a key role in maintaining the working of economy as at a micro level the work that financial services professionals do every day is responsible for maintaining economy.
- One could provide accountancy services to clients, or could be the accountant in a company whose main business is not finance such as being a car manufacturer.
- Working in investment management firms involves merging and investing their clients’ wealth while keeping in mind the level of risk that clients want to take and their financial goals.
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Chapter 1 Solutions
Essentials of MIS (13th Edition)
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- Need help finding errors in my pseudocode (Two)! Declare Boolean finished = False Declare Integer value, cube While NOT finished Display "Enter a value to be cubed." Input value; Set cube = value^3 Display value, " cubed is ", cube End While Next, I intended the following pseudocode to display the numbers 1 through 60, and then display the message "Time’s up!". Doesnt work and has error. Declare Integer counter = 1 Const Integer TIME_LIMIT = 60 While counter < TIME_LIMIT Display counter Set counter = counter + 1 End While Display "Time's up!"arrow_forwardHaving error in pseudcode; wanting to get five sets of two numbers each, calculate the sum of each set, and calculate the sum of all the numbers entered. Not functioning as intended and can't find the error.Code: // This program calculates the sum of five sets of two numbers. Declare Integer number, sum, total Declare Integer sets, numbers Constant Integer MAX_SETS = 5 Constant Integer MAX_NUMBERS = 2 Set sum = 0; Set total = 0; For sets = 1 To MAX_NUMBERS For numbers = 1 To MAX_SETS Display "Enter number ", numbers, " of set ", sets, "." Input number; Set sum = sum + number End For Display "The sum of set ", sets, " is ", sum "." Set total = total + sum Set sum = 0 End For Display "The total of all the sets is ", total, "."arrow_forwardNeed help converting loops!1. Convert the following While loop to a For loop: Declare Integer count = 0 While count < 50 Display "The count is ", count Set count = count + 1 End While _________________________________________________ 2. Convert the following For loop to a While loop: Declare Integer count For count = 1 To 50 Display count End Forarrow_forward
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