For financial advisors, the end of one year and the beginning of another is an excellent time to get their clients to commit to making at least one, sound
financial decision.
The other new course is Advanced
Financial Decision Making, which builds on the principles taught in
Financial Decision Making, one of ACPE's core courses for the advanced degree and Certified Physician Executive programs.
The report, Risk and Rules: The Role of Control in
Financial Decision Making, is based on a global survey of more than 2,000 HNWIs, and provides an in-depth examination of wealthy investors from a behavioral finance perspective.
In the Middle East, high net worth individuals (HNWIs) show complex behaviour towards investing and
financial decision making, says the latest report in the Barclays Wealth Insights series.
This framework establishes concrete goals that the non-profit, government, and private sectors can and should work together to increase financial literacy and improve
financial decision making by individual Americans and their families as they pursue personal financial objectives.
It can also allow you to understand how each
financial decision you make impacts different areas of your finances.
Of particular interest are cases that address topics on fraudulent financial reporting and strategies for preventing and detecting fraud; ethics and professional responsibilities of CPAs practicing in business and industry; issues or services identified in the CPA visioning process; new assurance services that illustrate how the accountant or auditor can add value for an employer or client; "new finance" in terms of blending information technology with
financial decision making and new management techniques; global marketplace and international issues; and tax issues, including tax shelters.
A newer branch of financial economics called behavioral finance applies lessons from psychology to
financial decision making, but most of these studies have focused on cognitive biases rather than emotion.
At the same time that financial managers and accountants have assumed a more prominent position in the management hierarchy, exposure to liability for
financial decision making is at an all-time high.
The survey of more than 1,000
financial decision makers with household incomes of $75,000 or more showed:
Product innovation and enlightened
financial decision making
Customers - whether they be patrons, faculty, students, or children - are seldom the final
financial decision makers.
