A financial manager has a number of different ways to look to see if a company is successful or is faltering. These tools help them make sure the company is on the right course. The Manager will look at a couple of things like how the profits are doing, is the quality control up to standard, is there an fall in sales, why is there a fall is sales?, are clients paying there bills on time?, are the accounting practices efficient, so on and so forth. We can go on and on with this. Using the same questions as stated above we can flip it around and ask if the company is being successful or not.

Real world example: Konica Minolta has not been weathering the storm that is covid that well but then again a lot of business hasn’t. As stated above a financial manager needs to look at if customers are paying their bills on time….well what do you know people are because the economy has been on a stand still. WELL, since customers aren’t paying their bills and KM is paying the sales commissions on machines being sold, KM has decided not to pay us til they get paid. Fair enough. However when you differ payments for 120 days, and then expect sales people to go out to get new business…you got us all messed up.

It’s been surprising how easily I received this class. Math related courses have never come easy to me so honestly, I’ve been scared of half this MBA program. Having taken the first finance class about a year ago, I felt so much more prepared for this class. There was a lot of things that we reviewed and it was much easier to grasp since it was more of a refresher. I enjoyed expanding upon the key principals and learning not only how companies handle finance, but then what upper management does with that information. I especially liked learning about risk management. I work in an industry that is full of risk and honing my skills to better understand what is good and bad risk will really help in my position. I am a bodily injury adjustor for a major insurance company and I have some high-profile cases. The risk to our insured and the company can be highly elevated if we’re not careful to appropriately assess the possibilities. In the future, I hope to change professions into some sort of high level HR manager. I’m hoping the skills from this course, and this program will help make me a better candidate to potential employers. Thank you