Describe the purpose and function of financial management in an organization
Order Instructions
I have attached the job aid that can be used.
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:
Financial Responsibilities: Describe the responsibilities of a financial analyst.
Write five to seven bullet points outlining the responsibilities a financial analyst has. Use complete sentences.
Financial Management Decisions: Discuss the importance of analyzing and managing finances to help make business decisions. Give examples to support your claims.
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 those 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 do financial analysts use?
What would happen if that information was not available or was not accurate?
Financial Statements: Describe how to use financial statements to help businesses make finance-related decisions. Give examples to support your claims.
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.
What do financial analysts need to do their job?
What types of finance-related business decisions would this information help businesses to make?
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.
Financial statement
Liquidity
Working capital
Diversification
Time value of money
What to Submit
To complete this project, you must submit the following:
Financial Analyst Job Aid
Submit your completed Project One Financial Analyst Job Aid. Sources should be cited according to APA style.
Project One Rubric
Criteria Exemplary (100%) Proficient (85%) Needs Improvement (55%) Not Evident (0%) Value
Financial Responsibilities Exceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner Describes the responsibilities of a financial analyst Shows progress toward proficiency, but with errors or omissions; areas for improvement may include describing in more detail the responsibilities of a financial analyst Does not attempt criterion 17
Financial Management Decisions Exceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner Discusses the importance of analyzing and managing finances to help make business decisions and gives examples to support claims Shows progress toward proficiency, but with errors or omissions; areas for improvement may include discussing in more detail the importance of analyzing and managing finances to help make business decisions or giving examples to support claims Does not attempt criterion 18
Accounting Principles Exceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner Explains how to use accounting principles to analyze a business’s financial health and gives examples to support claims Shows progress toward proficiency, but with errors or omissions; areas for improvement may include explaining in more detail how to use accounting principles to analyze a business’s financial health or giving examples to support claims Does not attempt criterion 16
Financial Statements Exceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner Describes how to use financial statements to help businesses make finance-related decisions and gives examples to support claims Shows progress toward proficiency, but with errors or omissions; areas for improvement may include describing in more detail how to use financial statements to help businesses make finance-related decisions or giving examples to support claims Does not attempt criterion 16
Financial Terminology Exceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner Explains how a financial analyst uses key financial terms every day; writes responses that are clear and easy to understand Shows progress toward proficiency, but with errors or omissions; areas for improvement may include explaining in more detail how a financial analyst uses key financial terms every day or writing responses that are clearer and easier to understand Does not attempt criterion 18
Articulation of Response Exceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner Clearly conveys meaning with correct grammar, sentence structure, and spelling, demonstrating an understanding of audience and purpose Shows progress toward proficiency, but with errors in grammar, sentence structure, and spelling, negatively impacting readability Submission has critical errors in grammar, sentence structure, and spelling, preventing understanding of ideas 10
Citations and Attributions Uses citations for ideas requiring attribution, with few or no minor errors Uses citations for ideas requiring attribution, with consistent minor errors Uses citations for ideas requiring attribution, with major errors Does not use citations for ideas requiring attribution 5
Total: 100%
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