Question:
Deconstruct the six principles of finance and components of an effective financial system.
Examine the benefits of using financial statement analysis tools in making informed and ethical business decisions.
Compute present and future value for single amounts, annuities, and uneven streams of cash flow.
Answer:
Introduction:
In this particular course, I have learned about different concepts of accounting principles. Among all of these concepts, there are two parts that I have considered as the most important to me; they are six principles of finance and components of effective financial system; and financial planning. In the first topic, I have learnt about the six major principles of finance and the ways they need to be implemented for the development of effective financial system. In the second topic, I have learnt about the analysis and implementation of business alternatives using financial statements analysis.
I have been majorly beneficial from the above-mentioned topic of finance. First of all, the knowledge about the six major principles of finance has helped me in understanding and analyzing the complex issues in the financial statements. It has also helped me in gaining deep understanding about financial activates of the companies. It has also contributed in the development of my professional development. I have become able in recommending the correct business alternative to my organization with the help of the analysis of the financial statements of my organization and to apply the acquired knowledge in this particular area.
Lastly, I would like to mention the fact that this total course of managerial analysis has helped me in increasing the analytical power to solve various complex issues in finance. After this course, I have started applying the acquired financial knowledge in my practical and work life as it has provided me with good results. Thus, I can say that acquiring in-depth knowledge about finance and accounting is one of the major benefits of the overall course. After that, another major benefit of this course is that it has helped me in both academic as well as professional career. These are the major benefits of this course that I have acquired.
