Financial Management major

Financial Management major



Contents

  • 1 Financial management
  • 2 Financial management topics
  • 3 areas of financial management
  • 4 academic subjects in financial management specialization
  • 5 jobs for graduates majoring in financial management
  • 6 References

financial management

In the world of finance, financing and the way money is managed are the lifeblood of enterprises of all their activities. Financing, or the so-called capital, affects the business requirements of the enterprise, and it has a strong relationship that links it to achieving profit, since it is the goal that the enterprise seeks through that, through the activities The path of caring for money management through financial services and tools provided by the science of financial management. [1]

The Financial Management specialization provides a comprehensive coverage of the fundamentals of corporate and investment financing , in addition to financial accounting sciences, methods of assessing strategic financial decisions, studying capital markets from a financial point of view, understanding the financial data and information in an integrated manner for the purposes of analyzing cash flows, and realizing how successful financing and investment decisions are made . [2]

Financial management topics

In order for the financial administration to fulfill its position in the facility, it must go beyond its business from preparing reports and accounts to devising methods of investment, increasing the capital in new assets (properties), and improving the financial performance of the facility, and this is all of the things that are devoted to financial management, where its learner is given knowledge in a number topics related to financial matters, such as business valuation, and mechanisms of facilities management, financing, and technology investments, and crisis management (risk), market research, and sales operations and acquisitions, restructuring or mergers, and corporate governance, financial disclosure, and policies Financial Entrepreneurship . [3]

Financial management areas

Financial management specialization includes several major areas that include topics in financial company management and policy, and these areas include: [4]
  • Enterprise Financing: In this field, the student learns to manage the financial resources of non-financial enterprises, planning operations, dealing with financial models, methods of financing, in addition to financial accounting , and everything related to financial specialties.
  • Financial institutions: In this field, the focus is on managing financial institutions and the tasks of financial employees in them, such as banks, insurance companies , and credit unions. A student interested in the field of companies needs to study optional courses in this area, such as managing financial institutions, financial modeling, international financing, and others. That is, while the field of financial planning for enterprises needs other optional courses, such as personal financial planning, employee planning, individual income tax, and other related courses.
  • Risk management: It is the measurement and evaluation of potential risks in the facility’s finance, and the development of strategies to manage them by minimizing those losses, and the field of risk management is linked to insurance functions, whether it is life insurance, property insurance, insurance against injuries and other insurance functions, and this means that Students are covered in all areas of insurance, in addition to the requirements of risk management and financial planning.
  • Financial planning: This field includes the ability to develop a financial plan for enterprises that includes investments, taxes , real estate planning, retirement, and insurance.

Study materials in financial management specialization

Finance specialization has emerged within the range of specializations offered by business schools , due to the increased role of institutions and financial markets in our lives in general, and the importance of the financial function, and the education program in finance focuses on a set of requirements that enable the graduate to understand everything related to enterprise finance, in addition to skills Multiple administrative, [5] and depending on the 2010 plan of study at the University of Jordan, we mention the requirements that a student of financial management must study: [6]
  • Compulsory college requirements:
    • Business Administration Principles.
    • Principles of Accounting (1).
    • Principles of financial management.
    • Marketing principles .
    • Principles of management information systems.
    • Modern public administration.
    • Microeconomic principles .
    • Principles of statistics .
  • Compulsory requirements of the department:
    • Mathematics for business students.
    • Trade legislation.
    • Operations Research.
    • Accounting principles (2).
    • Management Accounting .
    • Research Methodology in Finance.
    • Financial analysis.
    • Investment management.
    • Banking management.
    • Insurance principles.
    • Financial management in joint stock companies .
    • International financial management.
    • Portfolio management.
    • Advanced Banking Management.
    • Financial markets.
    • financial institutions.
    • Financial derivatives.
    • Contemporary issues in finance.
    • Macroeconomic principles.
    • Administrative economy.
  • Department requirements are optional (7 subjects are selected):
    • Strategic management .
    • Project management .
    • Business ethics and social responsibility.
    • Institutional governance.
    • Intermediate Accounting (1).
    • Entrepreneurial Finance.
    • Partial financing.
    • Financial planning and control.
    • Islamic banks.
    • Risk Management.
    • International investment.
    • Financial information systems.
    • statistical analysis.
    • slandered economy.

Financial management graduate jobs

A graduate of financial management can work in many jobs in various establishments, such as a financial manager , analyst, or a personal financial advisor and others, where he supervises the financial activities in the facility, and plans financially for it to improve its current position, and for a more successful future for it, Management graduates are classified among the jobs currently required, so that the demand for them is expected to increase 23% in the next decade, [7] and among the jobs that a financial management graduate may occupy are: [8]
  • Financial planner: The financial planner provides advice and advice on how to deal with and manage financial affairs, develop investment plans, and contribute to the success of the facility by operating its own funds, by applying the language of numbers and accounting principles.
  • Financial Analyst: One of the tasks of this job is to create financial models and perform financial analyzes , in addition to making detailed reports on the financial results that have been reached, and this depends on the analyst's study of stocks, bonds and financial institution matters, as it assists in mergers and acquisitions and offers of bonds and stocks .
  • Budget Analyst: In this function, the principles of financing are applied to enterprises in the private, government and non-profit sectors as well, and the task of the analyst is to assess the financial impact of the enterprises, and the analyst collects information from the management of the facility so he must have tactful communication skills, as well as analytical skills to access a financial analysis The facility's successful.
  • An actuary or insurance expert: The actuary's job is concerned with financial business and its evaluation, such as insurance business, banks , and accounting firms, studying the possibility of any event and evaluating its financial results, as the software is used to implement the necessary calculations, review the results that have been reached, and then review Provide recommendations to management based on findings and analyzes.
  • Accountant: The Financial Management specialization is provided by graduates who enjoy accuracy, criticism and interpretation regarding the financial statements, and to analyze these data using financial plans, drawings and schedules, so the graduate will be able to do the accounting work even the complex works of them.
  • Credit Analyst: The tasks of this job are to assess the financial viability of the facility, assess the financial position with regard to loans , and assess the risks resulting from the financing of enterprises, in addition to interpreting financial records, and the credit analyst must have good communication skills to extract information from customers and communicate it to co-workers.
  • Instructor: A financial management graduate who has communication skills and extensive knowledge in financial disciplines can do a teaching job in the same discipline in colleges and educational institutions.

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