Describe the purpose and function of financial management

Reference no: EM133208293

Assignment - Importance of History Discussion

Competency - In this project, you will demonstrate your mastery of the following competency: Describe the purpose and function of financial management in an organization.

Scenario - You've been an entry-level financial analyst for six months. Your supervisor plans to fill another entry-level financial analyst position on your team. Your supervisor has asked you to create a job aid about the financial analyst role. The purpose of the job aid is to help the new hire move smoothly into the role. The job aid must describe the responsibilities of a financial analyst. It must also describe the impact the role has on a business.

Directions - Create a job aid for a new hire to an entry-level financial analyst position. Your job aid should be thorough. But it should also be easy to understand for someone new to the field of finance. You'll use the Project One Financial Analyst Job Aid template (linked in the What to Submit section) to complete this assignment.

In your job aid, you'll give a general overview of financial management and its importance to a business. Specifically, you must address the following:

A. Financial Responsibilities: Describe the responsibilities of a financial analyst.

1. Write five to seven bullet points outlining the responsibilities a financial analyst has. Use complete sentences.

B. Financial Management Decisions: Discuss the importance of analyzing and managing finances to help make business decisions. Give examples to support your claims.

1. Consider the bullet points you outlined in the previous section. Then write a brief paragraph that answers the following questions. Use examples to support your claims.

i. How do those responsibilities help inform management decisions?

ii. What would happen if management didn't have this information?

C. Accounting Principles: Explain how to use accounting principles to analyze a business's financial health. Give examples to support your claims.

1. Write a brief paragraph that explains how financial analysts use accounting principles to analyze a business's financial health. In your paragraph, also answer the following questions:

i. What accounting information do financial analysts use?

ii. What would happen if that information was not available or was not accurate?

D. Financial Statements: Describe how to use financial statements to help businesses make finance-related decisions. Give examples to support your claims.

1. Think about how financial analysts identify the information contained in financial statements. Then write a brief paragraph that answers the following questions. Use examples to support your claims.

i. What do financial analysts need to do their job?

ii. What types of finance-related business decisions would this information help businesses to make?

E. Financial Terminology: Explain how a financial analyst uses key financial terms every day. Make sure your response is clear and easy to understand.

Define each term listed below. Then, for each term, write one or two sentences showing how a financial analyst might use the term. In your response, imagine the analyst is communicating with management, helping them make an important decision.

1. Financial statement

2. Liquidity

3. Working capital

4. Diversification

5. Time value of money

Reference no: EM133208293

Questions Cloud

Write four paragraphs about visuals : Write 4 paragraphs about visuals - Locate three websites. Analyze their homepages as far as visuals go

Explain essential features of a major communication theory : Explain the essential features of a major communication theory. Evaluate the essential features of a major communication theory

Describe and define equal opportunity and discrimination : Describe and define Equal Opportunity and Discrimination. Then, give two examples of situations, laws, or circumstances that are related to this idea

How would the integration of linkedin into microsoft office : Benefits of Microsofts Acquisition of LinkedIn Discussion Questions - How would the integration of LinkedIn into the Microsoft Office Suite be beneficial

Describe the purpose and function of financial management : n this project, you will demonstrate your mastery of the following competency: Describe the purpose and function of financial management in an organization

Average accounting return and average investment : Find average annual profit, average accounting return and average investment

Business strategy focused on low-carbon transition : Discusses why Rio Tinto's current poor net zero accounting disclosures disadvantage its shareholders taking an agency theory lens.

Taxable compensation : Brittany's Balloon Boutique, a C Corporation, is putting together a benefits package for her employees. Which benefit would be included as taxable compensation?

User Account

All Pages