Finance 3
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Jun 9, 2024
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Shantavia Burr
Southern New Hampshire University
Fin 320-Principle Of Finance
Yinfei Chen
March 24, 2024
Financial Responsibilities:
Financial Analyst are responsible for gathering information and data pertaining to a variety of thing that may be relevant.
Once the data is gathered, analysts are responsible for organizing the data into a system like excel.
With the data being organized, financial analysts begin to analyze the current and past information as well as past results.
After all the information has been analyzed it is time to make forecasts about how the company will perform in the future.
Lastly, an analyst provides insights and recommendations on how to improve the operations of a business. Financial Management Decisions:
Financial analysts identify trends, strengths, weaknesses, and areas for improvement to help management understand the financial health of the organization. Financial analysts identify and assess financial risks facing the company including credit risk and operational risk. They develop risk mitigation strategies to help management understand the potential impact of adverse
events and make proactive decisions to minimize risk exposure. Without accurate financial analysis and insights, management may make decisions based on incomplete or inaccurate information, leading to suboptimal outcomes. They may invest in unprofitable projects, allocate resources inefficiently, or overlook potential risks, resulting in financial losses and missed opportunities. Failure to conduct proper financial analysis and reporting can lead to regulatory compliance issues and legal consequences.
Accounting Principles
Financial analysts utilize accounting principles as a framework to assess a business's financial health. By examining financial statements such as the balance sheet, income statement, and cash flow statement, analysts can discern crucial indicators like revenue trends, profit margins, liquidity ratios, and debt levels. These metrics provide essential insights into the company's ability to generate profits, manage its resources efficiently, and meet financial obligations. Furthermore, financial analysts compare these metrics with industry benchmarks and
historical data to gauge performance relative to peers and identify potential areas of improvement or risk. The absence or inaccuracy of financial information used by financial analysts can lead to a myriad of negative consequences, impacting decision-making, risk management, stakeholder confidence, regulatory compliance, and the company's overall financial
health and stability.
Financial Statements
The income statement provides a summary of a company's revenues, expenses, and profitability over a specific period. The cash flow statement tracks the inflow and outflow of cash within a business, including operating activities, investing activities, and financing activities. The balance sheet provides a snapshot of a company's assets, liabilities, and equity at a
specific point in time. To effectively perform their job, a financial analyst requires a combination
of education, skills, and tools. Businesses can use the balance sheet to assess their financial position, including liquidity, solvency, and leverage. Businesses can use financial statements to evaluate investment opportunities, such as new projects, acquisitions, or capital expenditures. Financial Terminology
i.
Financial statement
- formal records of the financial activities and position of a business, person, or other entity. (Financial analysts analyze historical financial data to
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Related Questions
GP
You
Write a post providing us with the context for the resources of adopting innovative technologies that can lead to streamlined processes, real-time insights, and increased focus on strategic planning technological advancements in the accounting and finance profession have required finance professionals to adapt and expand their skill sets. Those who can adapt can support business growth and discover better career opportunities selected by identifying the field of study of accounting and finance and specifying an associated profession if relevant. Explain in two separate sections how this could be applied to the criteria of validity checklist to determine the validity of each resource. Try to be as thorough as possible with the questions listed under each heading on the checklist. If unable to make a determination about any of the criteria, be sure to explain that, too.
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i. Briefly inform these stakeholders of the benefits of automation on the current business processes within the organization, specifically referencing the benefits of using a spreadsheet solution and how easy it was to process data to derive the information presented in the report. ii. Give a brief analysis of the data found in the chart
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Only typing answer
Please explain step by step without table and graph thankyou
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Big Data
Big data and data analytics are becoming an important part of an accountant's methods for analyzing the different companies and their performances. The use of these elements enhances organizational performance, improves fraud detection, and increases audit performance and scope.
Use the Internet or Strayer University Library databases to review at least two news articles or publications about current and future trends in the use of big data.
Choose a company that is not publicly traded (a small or medium-sized company).
Review the company, and suggest some of the ways in which big data would benefit this company.
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6
Advisors need to balance their time between
researching very specific investments
seeking new clients
staying current on the news and economy
outsourcing back office tasks
justifying fees to clients
and
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Case Study: Financial Reporting in a Dynamic Business Environment
Introduction: Financial reporting is a cornerstone of transparency and accountability in the corporate world. In today's dynamic business environment, organizations encounter various challenges and complexities as they strive
to provide accurate and timely financial information. This case study explores the multifaceted nature of financial reporting, examining key factors that influence the process and the implications for stakeholders.
Technological Advancements and Data Management: In the digital age, technological advancements have transformed the landscape of financial reporting. Companies now have access to sophisticated software and tools that
streamline data collection, analysis, and presentation. While these advancements enhance efficiency, they also introduce challenges related to data security, integrity, and the need for skilled professionals to navigate complex
systems.
Globalization and Diverse Regulatory…
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9
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Analy_ze the benefits and challenges associated with the adoption of digital financial products from the perspectives of customers and financial institutions. Supp_ort you_r analysis with real-world examples. Inc_lude pro_per ref_eren_ces.
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i need the answer quickly
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Finance 500
In this assignment, the purpose is to tie into the key concepts and insights studied this term in this course. Reflecting on key principles, strategies, or tactics that were covered from the accounting and finance fields, students should relate the information to their career, company or industry of interest.
Demonstrate how the knowledge, skills, or theories of this course have been applied, or could be applied, in a practical manner to your current work environment (a project manager in design industry).
Share a personal connection that identifies specific knowledge and theories from this course.
Demonstrate a connection to your current work environment.
You should NOT, provide an overview of the assignments assigned in the course. The assignment asks that you reflect how the knowledge and skills obtained through meeting course objectives were applied or could be applied in the workplace.
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Industry Tools Research
Your manager has asked you to recommend an industry tool for purchase. Select one of the following tools to research: ACL, IDEA, Microsoft Visio, Oversight, Power BI, Alteryx, and Tableau.
Identify key features of each tool.
Discuss how auditors can incorporate the tool into their audits.
Additional learning opportunities: If you are interested in learning more about data analytics and emerging technologies in accounting, join the Institute of Management Accountants (IMA) for only $25 per year: Students | IMA - The association of accountants and financial professionals working in business.Links to an external site. (Use code Student22). Gain access to Free courses, training, and webinars.
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Case Study:
In today's rapidly evolving technological landscape, accountants are leveraging
various technologies to streamline their everyday tasks, enhance efficiency, and
provide more insightful financial analysis. One such technology is cloud computing,
which allows accountants to access accounting software and data storage services
over the internet, enabling collaboration and remote work flexibility. Additionally,
automation tools like robotic process automation (RPA) and artificial intelligence (AI)
are revolutionizing repetitive tasks such as data entry, transaction processing, and
reconciliation. These technologies not only reduce manual effort but also minimize
errors and free up accountants' time for more value-added activities.
Furthermore, data analytics tools enable accountants to analyze vast amounts of
financial data quickly and derive meaningful insights for decision-making. With
advanced reporting and visualization capabilities, accountants can identify trends,…
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If we talk about the recent trend in the field of accounting research, there is a lot of investigation is going on in the field of ____________.
a.
Forensic management
b.
Auditing and assurance
c.
All of the options
d.
Corporate governance
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Part C:
Budgeting and Financial plan Required:
Research Unilever PLC and complete the following task:
Task 3A:
Critically evaluate the impact of budgeting process on any potential project and demonstrate how budgets, objectives, and strategic plans are related.
Task 3B:
Briefly discuss the significance of Business plan and analyse key elements of its financial plan section of a proposed business plan.
Task 3C:
There is a growing nascent for using of Artificial Intelligence (AI) and Machine Learning (ML) in financial community. Critical discuss (in 5-line ofwords), how either AI or ML could be effective in preparing a long-term budget.
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For your Portfolio Project, you will research a current hot topic in accounting information systems or emerging technologies in the accounting industry. Your presentation should focus on the impact of the selected topic on accounting information systems, internal controls, and benefits and challenges associated with its implementation.
Choose one of the topics below to research and discuss:
Cloud-Based Accounting
Offshore Staffing in Remote Work
Accounting Software
Big Data
Data Analytics
Automated Accounting Process
Outsourcing the Accounting Functions
Blockchain
Value-Based Pricing
Advisory Services
Evolution of the Accountant Role
Data Security
Accountants Upskilling
Tax
Technology
Forensic Accounting
Accounting Education
Role of Artificial Intelligence
Submit your work as a PowerPoint presentation with voiceover.
The presentation should be 6-8 slides, not including the title page and the reference page.
Speaker Notes should be submitted as a Word Document. On the Word…
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Process Re engineering
What is the step by step solution on this exercise?
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Please provide atleast 500 words
As a financial consultant, recommend to your corporate customer of internal hedging strategies through leading and lagging. Prove your recommendation with example.
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Write an essay of the new roles of management accountants in accommodating to the current and
future business environment premised on digital economy and beyond. The essay should outline,
explain, and analyse the business environment within which management accountants would be
adapting, and how they (i.e. management accountants) would be positioning themselves in the
future.
In writing your essay, please observe that you need to write between 500 to 750 words
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Continuous auditing
1. How has this concept developed?
2. How has the accounting information system and other technologies opened up the opportunity for continuous auditing?
3. What is involved in calculating the costs and benefits of continuous auditing?
4. What other technologies will be available to make the cost benefit of continuous auditing a reality for companies?
5. What will this do to the future of the auditor?
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how does investment bank work
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48-Mr. Ahmad is working as account manager in Unikai Company for the last 10 years. The management is satisfied with his performance as far as the reporting of financial data is concerned. But in a conference held in Muscat, Al Marai LLC presented an analysis of Al-Dhahira region with such interactive data and graphs which was not seen by Unikai LLC. Which of the following point need to focus by Mr. Ahmad?
a. Management should write a memorandum of association with Al Marai company
O b. Unikai company should make benchmarking with some international organizations
O c. None of the options
O d. Mr. Ahmad should participate in some professional training programs
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Overview
Shah presents 23 best practices to implement and examine how the shape of regulatory data collection process may change in the future through using extensible business reporting language (XBRL).
Read this article before you begin your assignment:
The Road to Making Regulation More Efficient: A Case Study in the Application of Best Practices and Data Standards in Regulatory Reporting.
Instructions
in which you:
Research an existing small to medium-sized business that does not have an established accounting information system (AIS). Make sure you clearly identify what business line, product type, and market position.
Implement at least 5 of the 23 best practices in the reporting process within the organization. Provide details to either enforce existing practices or introduce them if they do not exist. You can select any practices you like.
Explain the impact of the best practices you selected on the reporting process. Describe how the best practices align with the XBRL…
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Hh.: subject: account
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TRUE OR FALSE
Please answer all.
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Related Questions
- GP You Write a post providing us with the context for the resources of adopting innovative technologies that can lead to streamlined processes, real-time insights, and increased focus on strategic planning technological advancements in the accounting and finance profession have required finance professionals to adapt and expand their skill sets. Those who can adapt can support business growth and discover better career opportunities selected by identifying the field of study of accounting and finance and specifying an associated profession if relevant. Explain in two separate sections how this could be applied to the criteria of validity checklist to determine the validity of each resource. Try to be as thorough as possible with the questions listed under each heading on the checklist. If unable to make a determination about any of the criteria, be sure to explain that, too.arrow_forwardi. Briefly inform these stakeholders of the benefits of automation on the current business processes within the organization, specifically referencing the benefits of using a spreadsheet solution and how easy it was to process data to derive the information presented in the report. ii. Give a brief analysis of the data found in the chartarrow_forwardOnly typing answer Please explain step by step without table and graph thankyouarrow_forward
- Big Data Big data and data analytics are becoming an important part of an accountant's methods for analyzing the different companies and their performances. The use of these elements enhances organizational performance, improves fraud detection, and increases audit performance and scope. Use the Internet or Strayer University Library databases to review at least two news articles or publications about current and future trends in the use of big data. Choose a company that is not publicly traded (a small or medium-sized company). Review the company, and suggest some of the ways in which big data would benefit this company.arrow_forward6 Advisors need to balance their time between researching very specific investments seeking new clients staying current on the news and economy outsourcing back office tasks justifying fees to clients andarrow_forwardCase Study: Financial Reporting in a Dynamic Business Environment Introduction: Financial reporting is a cornerstone of transparency and accountability in the corporate world. In today's dynamic business environment, organizations encounter various challenges and complexities as they strive to provide accurate and timely financial information. This case study explores the multifaceted nature of financial reporting, examining key factors that influence the process and the implications for stakeholders. Technological Advancements and Data Management: In the digital age, technological advancements have transformed the landscape of financial reporting. Companies now have access to sophisticated software and tools that streamline data collection, analysis, and presentation. While these advancements enhance efficiency, they also introduce challenges related to data security, integrity, and the need for skilled professionals to navigate complex systems. Globalization and Diverse Regulatory…arrow_forward
- 9arrow_forwardAnaly_ze the benefits and challenges associated with the adoption of digital financial products from the perspectives of customers and financial institutions. Supp_ort you_r analysis with real-world examples. Inc_lude pro_per ref_eren_ces.arrow_forwardi need the answer quicklyarrow_forward
- Finance 500 In this assignment, the purpose is to tie into the key concepts and insights studied this term in this course. Reflecting on key principles, strategies, or tactics that were covered from the accounting and finance fields, students should relate the information to their career, company or industry of interest. Demonstrate how the knowledge, skills, or theories of this course have been applied, or could be applied, in a practical manner to your current work environment (a project manager in design industry). Share a personal connection that identifies specific knowledge and theories from this course. Demonstrate a connection to your current work environment. You should NOT, provide an overview of the assignments assigned in the course. The assignment asks that you reflect how the knowledge and skills obtained through meeting course objectives were applied or could be applied in the workplace.arrow_forwardIndustry Tools Research Your manager has asked you to recommend an industry tool for purchase. Select one of the following tools to research: ACL, IDEA, Microsoft Visio, Oversight, Power BI, Alteryx, and Tableau. Identify key features of each tool. Discuss how auditors can incorporate the tool into their audits. Additional learning opportunities: If you are interested in learning more about data analytics and emerging technologies in accounting, join the Institute of Management Accountants (IMA) for only $25 per year: Students | IMA - The association of accountants and financial professionals working in business.Links to an external site. (Use code Student22). Gain access to Free courses, training, and webinars.arrow_forwardCase Study: In today's rapidly evolving technological landscape, accountants are leveraging various technologies to streamline their everyday tasks, enhance efficiency, and provide more insightful financial analysis. One such technology is cloud computing, which allows accountants to access accounting software and data storage services over the internet, enabling collaboration and remote work flexibility. Additionally, automation tools like robotic process automation (RPA) and artificial intelligence (AI) are revolutionizing repetitive tasks such as data entry, transaction processing, and reconciliation. These technologies not only reduce manual effort but also minimize errors and free up accountants' time for more value-added activities. Furthermore, data analytics tools enable accountants to analyze vast amounts of financial data quickly and derive meaningful insights for decision-making. With advanced reporting and visualization capabilities, accountants can identify trends,…arrow_forward
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Recommended textbooks for you
- Pkg Acc Infor Systems MS VISIO CDFinanceISBN:9781133935940Author:Ulric J. GelinasPublisher:CENGAGE LAccounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
Pkg Acc Infor Systems MS VISIO CD
Finance
ISBN:9781133935940
Author:Ulric J. Gelinas
Publisher:CENGAGE L
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,