6. what are some of your strengths and weaknesses as finance

Assignment Help Accounting Basics
Reference no: EM13794284

1. What do you think is the biggest challenge as an accounting entrepreneur for your organization today and why? Is it possibly due from an unpredictable economy? Competition? Cost of providing healthcare coverage for employees?Being able to project an accurate mix and take into account changes profit and services for my business. These items are key to building our budget. All the various components that make up revenue and expenses are derived from our contribution.

2. Would you have answered this question differently, say, five years ago? Why or why not?No, no matter what type of business you look at, the budget is always driven by only a few key factors and everything else is built off of those items.

3. What needs to be done in order to make this less of a challenge in the future? Are you optimistic that the future looks bright?Healthcare is constantly changing with new laws and regulations and I don't think that will stop anytime soon. It is a challenge to keep up with all the changes but it also makes this an interesting field of work to be in.

4. What advice would you give someone just entering a career in accounting or finance?Take the time to learn about the line of business you're in. The finance and accounting principles you learn in school are applicable in any setting but those numbers are meaningless unless you are able to see the big picture.

5. In your opinion, what impact has Obamacare legislation had on your position or on your organization?Obamacare has had a huge impact on Aetna. With all the new legislation, the company has had to revise employee benefits as well as expand the government services line of business.

6. What are some of your strengths and weaknesses as finance professional?My strengths are patience and being able to think analytically. As a finance professional in the healthcare industry, I'm usually the go-to person for anything related to numbers which can get frustrating. I would say my biggest weakness is advanced accounting because it's very boring to me.

7. Describe a tough financial analysis problem you have faced recently? How did you remain motivated through such issues? I had to build a pro-forma for one of our lines of business that is not doing well. It was challenging trying to figure out the best approach to turn this LOB profitable. Working with our medical management team and being able to understand the needs and risks involved was a big help.

Reference no: EM13794284

Questions Cloud

Examined exploratory and planning activities : Topic: how to participate in your favorite hobby. This module you examined exploratory and planning activities for the process essay. Now it's time to go through the steps to complete those activities. Please note that your assignment this module has..
Define imminent dangers : Define "imminent dangers" and discuss OSHA inspections related to these potential events and how they might differ from a routine inspection.
Five important criteria that a state must meet : List and discuss five important criteria that a state must meet in order to be approved by OSHA for safety- and health-related responsibility.
Case using the formal essay outline : Note: Module 2 SLP should be completed before the Module 2 Case. Prepare an outline for the essay assigned for the Module 2 Case using the Formal Essay Outline.
6. what are some of your strengths and weaknesses as finance : Normal 0 false false false EN-US X-NONE X-NONE What are some of your strengt..
Decribe how poem functions as a reflection of restoration : Decribe how the poem functions as a reflection of restoration and eighteenth century mannerisms. Integrate the literary concept of "mock heroic" in your answer. In Lady Wortley Montagu's assessment of Swift's "The Lady's Dressing Room," page 1262, sh..
Example of a global policing system : What is an example of a global policing system? How do global policing systems impact criminal activity on a global level?
Strategic management case analysis : Strategic Management Case Analysis

Reviews

Write a Review

Accounting Basics Questions & Answers

  Sale of land on consolidated net income

In 2011, P Company sells land to its 80% owned subsidiary, S Company, at a gain of $50,000. What is the effect of this sale of land on consolidated net income assuming S Company still owns the land at the end of the year?

  Reported ticket revenue was 2 200000 is the difference

the auditors for weston university are conducting their audit for the fiscal year ended december 31

  Shares of stock and stock redemption

Kingbird Corporation (E & P of $800,000) has 1,000 shares of stock outstanding. That stock is held by Amata (550 shares) and Esteban (450 shares), who are unrelated individuals. Kingbird redeems 200 of Amata's shares for $1,000 per share. Amata pa..

  Analyze the impact of erroneous classifications in the

analyze the impact of erroneous classifications in the operating activities section of the statement of cash flows

  Briefly explain the purpose of the disclosure note on

1. briefly explain the purpose of the disclosure note on significant accounting policies. provide two examples of what

  Tax planning and fiscal policy

After reviewing the scenario, discuss at least three (3) pros and three (3) cons for converting personal property to business use, and recommend at least two (2) implementation strategies that would increase the depreciable bases used to calculate..

  The treasurer anticipates the following costs for the event

the treasurer anticipates the following costs for the event which will be held at the regency hotel room rental 300

  Jessica amp david are student interns at balance books

jessica amp david are student interns at balance books bookkeeping. they havenbspnbsptaken several busness

  Compute a materials price variance for the plates

Compute a materials price variance for the plates purchased last month and a materials quantity variance for the plates used last month.

  Assuming that nick and jolene have total allowable itemized

nick and jolene are married. nick is 61 and retired in 2011 from his job with amalgamated company. jolene is 56 and

  Please include thorough explanation

Please include thorough explanation and thorough calculations for each answer chosen.  The differential approach is often considered superior to the total project approach to capital budgeting:because it can more easily accommodate multiple investmen..

  Metro shuttle company is considering investing in two new

metro shuttle company is considering investing in two new vans that are expected to generate combined cash inflows of

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd