Fincon chap 7

They are used by financial analyst and investor as an aid in making budgets and

reports, develop financial forecast and financial planning and Analysis.

Answer explanation

Software

can be used in tracking spending and make budgeting more effectively and even used in decision making.

Answer explanation

Software used in the finance Industry

these days is multifaceted, so it's important to look at each solution and see where its

strengths lie.

Answer explanation

Finance software

Finance Software can be:

Answer explanation

• Budgeting applications

• Financial planning software

• Financial statement and report programs

• Accounting

• Payroll

• Tax management

• Payments and invoicing

• Expense tracking

• Inventory management

This type of software helps to track spending and create a budget that the company can stick to.

Answer explanation

Budgeting Software:

This software can be use to set

financial goals and track progress over time.

Answer explanation

Budgeting Software:

This type of software helps to plan for the

company’s financial future.

Answer explanation

Financial Planning Software:

It can be used to track investments, set goals, and develop a plan to reach those goals.

Answer explanation

Financial Planning Software:

This type of software can be used to track investments, monitor the stock market, and make investment decisions.

Answer explanation

Investment Software:

: This type of software can help prepare taxes, find deductions, and file your return electronically.

Answer explanation

Tax Software