In this module, you will learn how finance can be important in both your persona

Question

In this module, you will learn how finance can be important in both your personal and professional life. The article about whistleblowers should have advanced your knowledge of the ethical issues that financial managers confront. For this discussion, you will need to search the Shapiro Library or the internet for an article that describes a financial fraud case. •Define finance in your own words, what role finance has in your life, and what you hope to learn in this class.. •Summarize the key points in the article you found. Be sure to provide a link to the article or articles you are referencing.. •Does your article reference federal laws in place to discourage this type of illegal behavior? If it does, what laws were referenced, and how effective were they? If it does not, what ideas would you propose to prevent this type of behavior?.

Explanation / Answer

Finance plays an important role in day to day lives of the individual or corporation. It can be termed as science of managing funds. It includes things related to lending , spending and saving of money. There are various types of finances. Corporate finance is one of them which deals with the decisions of the business , analysis of credits, selling or acquiring of assets, , how to maximize the corporate value . Finance is regarded as the life line of business. Whether you have a small, medium or large business, you will always need finance, right from promoting and establishing your product, acquiring assets, employing people, encouraging them to work for the development of the product or creating the brand name. It helps in budgeting and forecasting.  A company’s success and growth occurs when the principles and procedures of corporate finance are followed.

You can refer the following links :

http://www.buzzle.com/articles/importance-of-finance.html

There are many financial frauds also taking place these days . There are various other scandals that tok place in United Sates which you can read on this link :

http://www.accounting-degree.org/scandals/

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