Darlene-Peralta_Lesson_1_Financial_Planning_

Short Answer Essay Question: DAS • Understanding Fundamentals of Personal Finance • Career Planning • Financial Statements, Tools, and Budgets • Managing Income Taxes • Managing Checking & Savings Accounts • Building & Maintaining Good Credit • Credit Cards & Consumer Loans • Vehicles & Other Major Purchases What are three key things you have learned from any of the areas above, that you have adopted in your own personal financial management practices?

1ACCT1002 – Introduction to Financial AccountingUWI Open CampusACCT 1002INTRODUCTION TOFINANCIAL ACCOUNTINGWorksheet 1 Tutorial Worksheet # 1Accounting and the BusinessEnvironment1. The primary objective of financial reporting is to provide information useful formaking investment and lending decisions. To be useful, financial information mustpossess certain characteristics. State these characteristics and discuss each.2. Accountants often refer to GAAP. What does the acronym GAAP means and why isit important in accounting?3. What does the acronym FASB represent and what role does it play in financialaccounting?4. Suppose you are the sole owner of a bicycle sales and repair shop for many years.Which business type would best protect your personal assets from product liabilityexposure and why.5. Suppose you and a friend developed a new technology for home computer systems.However, you both need to raise a large amount of capital to build the productionand support facilities to market the…

SOUTH EAST-ASIA INSTITUTE OF TRADE AND TECHNOL0GY LL LEARNING MODULE FOR 1 SEMESTER GRADE 12 BUSINESS FINANCE STUDENT'S NAME: STRAND & SECTION: PART 4: ACTIVITY/APPLICATION Suppose: The following income Statements and Cash Flow Statements of company A, B and C were presented to you. Which do you think is a more attractive company? Why? O STAED rasoplast

Determine the most valuable aspect of this course to you and explain how you plan to apply it to your personal financial practices.Share two ways that you feel you will be able to apply the concepts you learned in this course to your current or future work position.

Which of the following statements constitutes a definition of a financial plan?   Group of answer choices   Results that an individual wants to attain   2.  A roadmap for achieving financial goals   3.  Redefining your financial goals   4.  Setting a goal date

Question 8 Advantages of effective personal financial planning includes: (select all that apply) increased effectiveness in obtaining using, and protecting your financial resources throughout life. increased control of your financial affairs by avoiding excessive debt, bankruptcy, and dependence on others. improved personal relationships resulting from well-planned and effectively communicated financial decisions. a sense of freedom from financial worries obtained by looking to the future, anticipating expenses, and achieving personal goals.

Q7 “Financial planning is an ongoing process, providing direction for achieving your goalsthrough proper management of your financial situation. It takes a holistic view of yourlifestyle, your needs and your priorities. A financial plan is a tool to analyze your financialsituation and provide projections that can assist you in understanding your true situation andwhether you can achieve your goals”. Discuss the significance of financial planning and alsodiscuss about Bhartiya Model of Financial Planning?

Using this template, formulate and create a minimum of three SMART goals related to these aspects of personal financial planning. For each goal, also identify why this is an important financial goal for you at this time. Career planning and development     Spending plan/cash flow analysis     Tax planning     Savings and investing     Use of credit

Question 3.2 There are different users of financial statements and each category of user has a certain desired objective and goal. Identify and briefly discuss the five users of financial information (10 1

Choose the correct option A major activity in the planning component of financial planning is: a. selecting insurance coverage b. evaluating investment alternatives.c. gaining occupational training and experience. d. allocating current resources for spending e. establishing line of credit

Application of the financial concepts you learnt (e.g. CAPM) in dailylives.

Which of the following is a crucial skill for a financial modeler? Question 9 Select one: A. Communication B. Design C. Accounting D. All of the Above

In chapter 1, we learned about various objectives of financial reporting. Please identify three of these objectives

HAving troucble making a ( thesis statement on financial literacy course ) ? Talking about accounting

Reflecting on what's been learned about the content knowledge and competencies needed for the role of accounting and finance one aspires to play in that field, Brainstorming strategies for taking advantage of the knowledge and skills already had, acquiring the content knowledge one needs, and developing the skills need.

WRITTEN WORKS (TRUE OR FALSE — Directions: Write TRUE if the statement is correct; if incorrect, write FALSE. (. 1. The concept of "pay myself first," saving and investing before you pay other expenses, is a characteristic of successful financial managers. 2. The major purpose of budgeting is to make sure bills get paid. 3. Keeping track of all income and expenses is very important to achieving your financial objectives. 4. Financial literacy enhances your capacity to manage personal finances on a day-to- day basis. 5. A person can start investing even without having savings.

Financial Statements and Financial Planning Explain the difference between financial statements and pro forma (forward-looking) financial statements. Describe how these statements are developed and used in financial management and planning. Be sure to respond to at least one of your classmates' posts. Read a post by one of your peers and provide a substantive response, making sure to extend the conversation by asking questions, offering rich ideas, or sharing personal connections.