Question 1 Financial management in business organizations seeks to make financial decisions that would avoid some of the problems that organizations may encounter. Among these problems is the problem of financial hardship, which may lead to the bankruptcy of business organizations. Speak up to 800 words on this topic, supporting your essay with practical examples, results and recommendations
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- Consider the dilemma you might someday face if you are the chief financial officer of a company that is struggling to maintain a positive cash flow, despite the fact that the company is reporting a substantial positive net income. Maybe the problem is so severe that there is often insufficient cash to pay ordinary business expenses, like utilities, salaries, and payments to suppliers. Assume that you have been asked to communicate to your board of directors about your companys year, in retrospect, as well as your vision for the companys future. Write a memo that expresses your insights about past experience and present prospects for the company. Note that the challenge of the assignment is to keep your integrity intact, while putting a positive spin on the situation, as much as is reasonably possible. How can you envision the situation turning into a success story?20)Which of the following is the best definition of an internal user of accounting information? A) Creditors, such as banks, that use accounting information to evaluate the risk of lending money B) Investors who use accounting information to decide whether to buy or sell stock C) Managers who use accounting information to plan, organize, and run a business D) Labor unions who use accounting information to examine the ability of the company to pay increased wages and benefits1. Explain the important role played by financial institutions and financial markets within the economy 2. The board of directors has approached you as the financial manager to come up with a remedial approach to the company`s financial woes. They have tasked you with writing a report addressed to the Board of Directors that will inform them on the following: 2.1 Identify and discuss three best different forms of short- term financing for business, including their respective merits and 2.2 Identify and discuss two best different forms of long -term financing, including their respective merits and characteristics applicable for the above situation.
- Financial Responsibilities: Describe the responsibilities of a financial analyst. Write five to seven bullet points outlining the responsibilities of a financial analyst. Write in complete sentences. Financial Management Decisions: Use an example to discuss the importance of analyzing and managing finances to help make business decisions. 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. How do these responsibilities help inform management decisions? What would happen if management didn’t have this information? Accounting Principles: Explain how to use accounting principles to analyze a business’s financial health. Give examples to support your claims. 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: What accounting information…1. Using the information in appendix 1 only, comment on the financial performance of the business (briefly consider growth, profitability and credit management) II. Explain why non-financial information, such as the type shown in appendix 2, is likely to give a better indication of the likely future success of the business than the financial information given in appendix 1. III. Using the data given in appendix 2, comment on the performance of the business. Include comments on internal business processes, customer knowledge and learning/growth, and provide a concluding comment on the overall performance of the businessDescribe the responsibilities of a financial analyst. Write five to seven bullet points outlining the responsibilities of a financial analyst. Write in complete sentences. Use an example to discuss the importance of analyzing and managing finances to help make business decisions. How do these responsibilities help inform management decisions? What would happen if management didn’t have this information? 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. Explain how to use accounting principles to analyze a business’s financial health. Give examples to support your claims. What accounting information do financial analysts use? What would happen if that information was not available or was not accurate? Write a brief paragraph that explains how financial analysts use accounting principles to analyze a business’s financial health. In your paragraph, also answer…
- Question:Prepare a reflection paper that incorporates your answers to the following independent questions: 1. What problems can you foresee if a business manager does not have a basic knowledge of accounting? 2. The owner of a company asks you if he can charge all his personal expenses to his business. He said that he owns the company anyway. Explain to the business owner the business entity assumption and the ethical considerations of his idea. 3. After examining the financial statements, the owner of a small business expressed surprise that the firm's cash balance had decreased during the month even though there was substantial net income. Do you think this owner is right to expect the cash to increase because of a substantial net income? Why or why not? 4. Jiffy Trading runs 10 branches and pays for a variety of expenses. Anna, the Accounts Payable Clerk of Jiffy Trading writes the checks for each supplier and the Accounting Manager signs the checks. Anna decided she…Chapter 3 of the text focuses on The Accounting Framework, which includes a discussion of the qualitative characteristics of financial information. While much of this discussion is beyond what a student taking an introductory course really needs to be concerned with, there are a few considerations that all business students should have a basic understanding; Discuss a scenerio where Cost vs. Benefit, Materiality or Prudence would be considered. Your example should focus on one of the three characteristics.Which statement is most accurate? Accounting and finance are not related. Financial managers keep the books for a firm. Financial managers need to understand accounting. Nonprofit organizations need accounting but not finance.
- Why does financial accounting have a positive impact on our society? a. It entails a detailed transaction record necessary for filing taxes with the Internal Revenue Service (IRS).b. It allows investors and creditors to redirect their resources to successful companies and away from unsuccessful companies.c. It prevents competitors from being able to steal the company’s customers.d. It provides a system of useful internal reports for management decision making.4-2 Case Study: Assessing a Company's Future Financial Health Overview People should understand the impact of different types of risk on financial health, whether they are dealing with personal or corporate finances. The risks for personal finance often only affect individuals and families. These risks arise, for example, when deciding whether you can afford to buy a house or invest in stocks. Financial risks for businesses often affect multiple people throughout the entire company. This includes individuals who do not work in the finance department. Businesses must know how their decisions affect all parts of their company when making finance-related decisions. Prompt Read the Assessing a Company's Future Financial Health case study. Then write a response. Specifically, it would help if you addressed the following rubric criteria: Systematic and Unsystematic Risk: Explain the differences between systematic and unsystematic risk. Financial Risks: Describe the potential impacts of…PLEASE ANSWER ALL 13. Which of the following is a true statement?a. Neither financial nor management accounting are mandatory.b. Both financial and management accounting emphasize relevance and flexibility.c. Both financial and management accounting place more emphasize on past.d. Both financial and management accounting are based upon the concept of stewardship. 14. Financial accounting is concerned with:a. The company as a whole rather than with segments of a company.b. The needs of stockholders and creditors.c. Meeting the requirements of internal users only.d. Recording the financial history of an organization. 15. The basic difference between management accounting and financial accounting is that:a. Financial accounting is a division of accounting that is Concerned with providing information to stockholders whereas management accounting is concerned with providing information to managers for their use in directing the activities of the organization.b. Financial accounting relies…