Monetary Measures and Metrics Assignment
Monetary, Measures, Metrics, Assignment
The course helped me in learning financial measures and metrics that are employed in company which gave a better understanding of health and position at any given point of time. It helped me learn what are the benefits of establishing a financial acumen in the company and also about the SOX act and its importance.
The course gave me an insight of about how cash and cash flow are considered the life blood of a business and was able to understand the difference between the cash generation and the profit and loss in accounting. Also I was able to understand how interest rates affect the business decisions and the factors that influence these interest rates.
I was able to learn about the cost of capital, beta and capital budgeting. I was able to learn how Financial managers’ main responsibility used to be monitoring a company’s finances, but they now do more data analysis and advise senior managers on ideas to maximize profits (Gitman, Lawrence 2003).
There are several skills I gained from this course. However, I learnt a great deal of accounting skills, which helps in the preparation of financial statements as specified by international financial reporting standards. I also gained forecasting skills on how to make future decisions with the available resources. T
he course helped to be less dependent on auditors to present any financial budgets to higher management. With good understanding of financial acumen skills, I am now able to contribute to meetings and hold strategic conversations and also manage our own career.
The evaluation of any viability requires financial acuity and accuracy since the majority of projects to be undertaken by the organization involves committed of a large amount of finance, and the slight mistake will affect the organization going concern concept of the organization (Tucker & Parker, 2015).
From the newly acquired knowledge I was helpful in setting up the financial goals for my current organization. Although my current organization is a billion dollar company, I am able to concentrate a specific department and help to evaluate business process, long and short term projects and forecasting the budget needs and save on allocated budgets.
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2) The course has been very informative, and thus, I have gained a plethora of skills including but not limited to management skills, teamwork skills, ethical conduct, problem-solving skills, conflict resolution skills, and decision making. At the end of the course, I understood that financial acuity is an important skill to have especially in today’s economy.
The word acuity represents taking better or good decisions to get better outcomes (In Harrison, 2016). Financial acuity is the training, and it provides skills like taking better business decisions and how to improve the organization when it gets disasters. When we do not take these types of training, we may make poor business planning’s which may lead to getting losses.
With this knowledge, we can make decisions based on analyzable related financial accounts. From the word financial acuity, comes financial acumen which is a structure that consists of three main important pillars like global quality, finance, and business quality. Managerial finance is an important course which teaches the responsibilities of the business manager
In this course, I have acquired skills and knowledge regarding managerial finance. Also, it is through this course that I have learned about the cash flows, profits, cash outflows. I have learned how important it increases financial confidence and financial understanding. I have also learned how to interpret and analyze data of the major performance indicators.
Most importantly, I have also mastered the skills of engaging in strategic conversations. Concerning how to manage finances, I have acquired several skills on the same which includes making a budget and making sure that I stick to it. I have also learned how to work with my partners to attain similar financial goals.
Consequently, I have mastered the handling of tough challenges while managing work at the different levels of the organization effectively. As such, I am capable of handling the managerial position, provide leadership, critically assess all situations and make the right decisions grounded on outcomes of all actions beneficial to the business.
I have also learned the overall objectives of Financial Management, I am able to interpret financial data from various sources including financial exchanges, of firms and individual companies, I can utilize financial analysis techniques to evaluate the performance of a company and if it is worth investing in.
I am able to apply present value and future value techniques to solve practical business problems and decide if a new project should be taken.
In efforts to apply this valuable knowledge, I need to solve numerous problems, form worthwhile collaborations, seek as well as give critiques, make meaningful connections and relationships that will help me apply the gained skills at various levels of the organization. I hope that the knowledge gained from the course will help me progress incrementally in my career.
Note: Need 200 words reply for the above post and 1 reference.
Through this course, I learned the importance of financial proficiency which gave me the ability to see how an association utilizes its assets to accomplish its ideal result. In a business setting, this is frequently estimated as far as benefit or income, in different associations the key proportion of accomplishment may be improved limit or quantifiable social advantages. It provided me with key organizational information and knowledge and the ability to realize how difficult it is to know it all pertinent to a circumstance.
It helped create self-awareness on activities and how choices sway on the association and different individuals in it. Stakeholder Awareness on what are the partner’s advantages and needs, and how do choices had inside the association effect upon them. Contextual Knowledge of the capacity to relate what occurs outside a person’s quick condition to circumstances in the working environment.
The progressively extraordinary and capricious nature of changes in the outer and inward condition. Decisions being made at lower levels in the organization. Organizational structures winding up progressively unpredictable, with redistributing, prolonged provider chains and so on. The speed at which choices should be made, frequently with restricted and inadequate data. Success at an individual level depending on specialized aptitudes, however on the capacity to comprehend the more extensive authoritative setting. (Sexton, 2018)
I’m able to explain the application of basic capital structure concepts that can influence the value of a firm. It helps us ascertain the decisions on which capabilities to invest in helps our team. As a part of my current role as a Data Privacy Analyst, Managerial Finance course helps me understand the financial related business functions and activities better.
My day to day responsibilities includes performing risk assessments on various projects within the company including financial projects to ensure compliance with the data privacy regulatory requirements. The concepts from this course enable me to understand the terminologies, concepts and financial functions better to make recommendations to ensure data privacy compliance.
It helps me identify various funding alternatives and demonstrate an understanding of their related costs when it comes to providing inputs around and making sound decisions on selecting the best-suited vendors for our projects. The company from fines resulting from regulatory non-compliance.
This helps understand and explain how fixed-income securities characteristics affect the financing methods selected by companies and which key factors influence the market price of these securities. The inputs were given by our team members are taken into careful consideration by the Global Procurement team while onboarding new vendors and approving investing decisions.
It helps our team determine and analyze the risk from using the data were really necessary for the purposes based on the financial objectives in order to ensure data minimization principle is applied as per the data privacy regulations requirements. Overall the financial basics and the foundation help facilitate good communication and effective dialogues with the business stakeholders in order to analyze their requirements better and make necessary recommendations.