Over time, finance has spawned a variety of different industries with the sole goal of handling money. This fact gives finance and accounting a central role in all of commerce.Įvery business no matter how big or how small must put some effort into its finances, whether that amounts to a finance department at a multinational corporation or a small business owner sitting down to pay bills and balance accounts. Only those companies that can bring in enough revenue to offset their costs will survive long enough to thrive. As a result, the demand for financial training has increased.Įventually business always comes down to making money. Since 1999, banks, insurance companies, and brokerage firms have been allowed to broaden their financial services.
As computers are increasingly used to record and organize data, many financial departments are spending more time developing strategies and implementing the long-term goals of their organization. Almost every firm, government agency, and organization has one or more financial departments who oversee the preparation of financial reports, investment activities, payroll, accounting, bookkeeping and implementing cash management strategies.
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