Question

How does ones perception and/or ability change from studying "Finance"? Please describe.

Answer 1

There are many terms similar to finance like financial activity, financial resources, financial institution, financial regulator and all these different terms have different meaning but one thing which is common across all these is money. In simple terms finance is one of the branch of economic which deals with the management of money, be it for yourself, be it for your customer or be it for your employer.

The idea behind studying studying finance is to understand the complexity behind managing the money be it accounting, reporting, investing, buying or selling of securities, evaluating projects viability e.t.c. When you are studying finance you have to deal with a lot of numbers so one of the most important thing is you have to be comfortable around dealing with number. Now dealing with numbers is just one aspect of it. You also have to process that data and find out useful information from a large pile of data by using excel or any other software. Now by using the information derived, you often have to recommend certain decision like we do in capital budgeting decision making.

Finance is said to be one of the most tough areas to study. It enhances your ability to analyze large amount of data and provide useful input to the senior management for taking useful decision. It basically enhances your problem solving skills, your analytical ability, ability to process information at fast speed, your decision making ability, risk management and many more ways to look at one situation from different angles.