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Wuppertal, Germany

University of Wuppertal

Finance, Auditing, Controlling and Taxation

Finanzen, Wirtschaftsprüfung, Controlling und Steuern

Master's

Language: German Studies in German

Subject area: economy and administration

Qualification: Master

Kind of studies: full-time studies

University website: www.uni-wuppertal.de

Finance

Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainties and risks. Finance can also be defined as the science of money management. Market participants aim to price assets based on their risk level, fundamental value, and their expected rate of return. Finance can be broken into three sub-categories: public finance, corporate finance and personal finance.

Wikipedia

Finance

Nothing in finance is more fatuous and harmful, in our opinion, than the firmly established attitude of common stock investors regarding questions of corporate management. That attitude is summed up in the phrase: "If you don't like the management, sell your stock." [...] The public owners seem to have abdicated all claim to control over the paid superintendents of their property.

Benjamin Graham, World Commodities and World Currencies (1944)

Wikiquote

Finance

The real reason that physicians are rotten investors is that it never occurs to them that finance is a science, just like medicine.

William J. Bernstein The Four Pillars of Investing (2002), Introduction, p. ix.

Wikiquote

Taxation

World War II was . . . responsible for considerable changes in the U.S. federal income tax. Not only were rates increased, but the base was extended to cover most of the working population. Even as late as 1939, only 6 percent of U.S. citizens had to file an income tax return; by 1945 this had increased to over 70 percent . . . By 1945 the major features of the current federal tax system were in place.

Susan B. Hansen, The Politics of Taxation: Revenue Without Representation, New York: NY, Praeger (1983) p. 86.

Wikiquote

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