BUS 330 Lecture Notes - Lecture 1: Basis Of Accounting, Chartered Financial Analyst, Certified Financial Planner

• School: Stony Brook University
• Department: Business Management
• Course: BUS 330
• Professor: Michael Nugent

Document Summary

Personal: how much of earnings spent, how much saved, investments of savings. Business: how firms raise money from investors, how they invest for profit, decision of where to reinvest profits/distribution back to investors. Financial services branch of finance; design & delivery of advice and financial products to individ, bus, gov"t. Careers: banking, personal financial planning, investments, real estate, insurance. Managerial finance duties of financial manager in business. Financial managers administer financial affairs: develop financial plan/budget, extend credit to customers, evaluate proposal of expenditures, raise money to fund operations. Chartered financial analyst (cfa) graduate level; focus on investments. Certified treasury professional (ctp) for corporate treasury dept. Certified financial planner (cfp) pass exam on topics related to financial planning. American academy of financial management (aafm) administers certifications. Sole proprietorship owned by one person operated for his/her own profit: owner receives all profits, low org cost, income included and taxed on personal tax return,