The concepts that I thought would be useful in professional and personal life are the time value of money and tied to the using the time value of money, as well as NPV and IRR for project selection. Another useful concept would be the hedging of funds and options. My current job is in student accounts and billing, but I have previously worked in a contractor setting. I would either like to find my way into construction accounting at some point or maybe even manufacturing accounting. My preference is for the accounting side of industry, which is why I chose the Master of Science in Accounting with the managerial accounting concentration but having a basic knowledge of the fundamentals in finance is always good.

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Provide additional suggestions for how the concepts and/or skills provided above could be used in the real world. Reference other research to support your assertions.