Include A Cover Page And 1 2 Pages Of Reflection Regarding What New Le ✓ Solved

Include a cover page and 1-2 pages of reflection regarding what new learnings you've taken away from the week's activities, readings, videos, and other information you found noteworthy. For your Week 2 Journal consider the importance of having quality information to make decisions associated with creating and implementing strategies in your current place of employment. Required Resources Text There is not an official text for this course. Instead, there is a variety of selected reading materials that will be reviewed to ensure your success and meeting the learning objectives of the capstone. · Selected TRI Corporation Critical Equations for Business Leaders · Selected videos on strategy, developing an annual plan/budget, and variance analysis · Selected MBA materials in prior classe Articles Biery, M.

E. (2013, December 22). What are your financial statements telling you? (Links to an external site.) Forbes . Retrieved from · The full-length version of this article is available through the Forbes.com website. This article provides information about analyzing trends associated with data used in financial analysis and will assist you in writing your Decision for Quarter One and also writing your First Quarter Quarterly Business Review this week. How you think about the data and then develop decisions based upon your analysis drives overall performance.

Accessibility Statement does not exist. Privacy Policy (Links to an external site.) Pal, N. (2015, April 9). Why financial dashboards matter, and five pointers to get you started (Links to an external site.) . Forbes . Retrieved from · The full-length version of this article is available through the Forbes.com website.

This article provides information about using financial dashboards used in graphical analysis of company financial data and will assist you in becoming familiar with tools used that help with analyzing information for your Decision for Quarter One and also writing your First Quarter Quarterly Business Review this week. Accessibility Statement does not exist. Privacy Policy (Links to an external site.) Sampson, L. (2015, March 13). Turning bean counters into difference makers: How corporate finance is changing with the times (Links to an external site.) . Forbes .

Retrieved from · The full-length version of this article is available through the Forbes.com website. This article provides information about using a wide variety of skills along with financial analysis that would be useful in digging deeper into the data generated by operations and will assist you in considering your Decision for Quarter One and also writing your First Quarter Quarterly Business Review this week. Accessibility Statement does not exist. Privacy Policy (Links to an external site.) Multimedia TriCorporation. (n.d.). Preparing your financial commitments: Guide to developing a budget as the leader of HISCO [Video file].

Retrieved from · This video provides information about the budgeting process that will be used within the Simulation and will familiarize you with what you will need to do in Week 2 for making budgeting decisions and submitting those decisions in the Simulation this week. The budget video will familiarize you Dashboards to be used in the Simulation. The video is found by clicking the (I) tab on the Simulation navigation bar and then clicking on the Supplementary Review materials tab. Accessibility Statement does not exist. Privacy Policy (Links to an external site.) Supplemental Materials Cadrain, S. (2020).

Pre-tax net income chart explanation Download Pre-tax net income chart explanation [Presentation slides]. Canvas@UAGC. · This PowerPoint presentation covers information about how to analyze HISCO’s financial metrics specifically pre-tax and after-tax income. The presentation can be used as a tool to better understand the “Pre-Tax Income: Year Plan vs. Actual†graph located in the Grow Your Business†(GYB) simulation. Required Technology Website “Growing Your Business†– A Management Simulation . ( · This website is where you will conduct your readings and work to complete the Decisions for Quarter One assignment and the First Quarter Quarterly Business Review (QBR) assignment.

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Paper for above instructions

Reflection on Week 2 Learnings
[Your Name]
[Course Name]
[Instructor's Name]
[Date]
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Reflection on Week 2 Learnings

This week’s activities, readings, and video presentations focused on understanding financial data, the importance of quality information in decision-making, and developing strategic approaches to budgeting in a corporate setting. Reflecting on these materials has provided me with significant insights into the analytical processes involved in financial management, as well as the critical role that accurate data plays in optimal decision-making within my current workplace.

Understanding Financial Statements

The article by Biery (2013) on financial statements has deepened my understanding of how these documents convey essential information about a company’s financial health. Financial statements are not merely legal documents; they are a narrative that tells the story of a company’s performance over a specific period. The key takeaway from Biery's discussion is the importance of analyzing trends associated with financial data. Trends manifest as patterns that can offer insights beyond the numbers themselves, helping us identify areas of strength and weakness (Biery, 2013).
By realizing that each figure in financial statements reflects a culmination of various business decisions, I am now more attentive to not only what data says but also what it implies about operational effectiveness and strategy. Recognizing this connection is particularly important when formulating strategies aimed at fostering long-term growth. The linking of data interpretation to strategic planning has solidified my understanding that effective management requires a foundational grasp of financial trends.

The Role of Financial Dashboards

Moreover, Pal (2015) emphasizes the relevance of financial dashboards in monitoring company performance. In the modern corporate landscape, where quick and informed decisions are mandatory, the visualization of financial data becomes invaluable. Dashboards condense complex data into immediately interpretable visual formats, which aids in tracking key performance indicators (KPIs). Pal's article illustrates how such tools facilitate swift evaluations of financial health, thereby supporting timely decision-making.
My experience with dashboards in my current employment aligns with this concept; they allow us to quickly identify abnormalities in performance, enabling proactive management. Learning about the structure and design principles behind effective dashboards has made me appreciate their potential in enhancing my own team's performance reviews and strategic meetings.

The Transformation of Corporate Finance

Sampson’s (2015) exploration of the evolving role of corporate finance was particularly enlightening. The traditional view of finance as a back-office function has shifted, with finance professionals increasingly engaging with operational strategies. Rather than merely counting beans, finance teams are now expected to infuse strategic value into every financial discussion. This shift resonates with my current role, where interdisciplinary collaboration is becoming the norm.
Understanding how finance can contribute to broader organizational goals strengthens my perspective on teamwork. Each member’s expertise should inform financial decisions, leading to a more comprehensive understanding of potential impacts across the company. As we formulate strategies, embracing finance as an integral part of our decision-making process proves crucial for achieving alignment with overarching business objectives (Sampson, 2015).

Budgeting Insights

In the TriCorporation video on budgeting, I found critical guidance on the budgeting process and its alignment with strategic planning (TriCorporation, n.d.). The budgeting process serves as both a plan and a control mechanism; it provides the framework for operational efficiency and strategic allocations of resources. Understanding the distinction between strategic intent and operational execution helps clarify why effective budgeting is paramount to a company’s success.
Learning how to develop a budget as a leader of an organization ties back to the strategic elements discussed in the readings. Not only do we need to consider current financial metrics, but we must also remain forward-thinking, anticipating future requirements and aligning them with broader company objectives.

Insights on Financial Metrics

The supplemental materials, particularly Cadrain's presentation on pre-tax net income trends, reinforced the significance of understanding key financial metrics (Cadrain, 2020). Metrics such as pre-tax income not only reflect operational success but also help in budgeting processes. Learning how to interpret these metrics mathematically equips me with the knowledge required for strategic business reviews, thus enhancing my analytical skills.

Conclusion

In conclusion, the past week has substantially expanded my perspective on financial decision-making. The idea that quality information is vital for creating and implementing strategies is now engrained in my approach to both data analysis and strategy formulation. As I move forward, my emphasis will continue to be on leveraging financial insights to inform operational decisions that align with strategic objectives. This knowledge is crucial in striving for excellence within my organization and attaining better performance outcomes.

References

1. Biery, M. E. (2013, December 22). What are your financial statements telling you? Forbes. Retrieved from [Forbes](https://www.forbes.com)
2. Pal, N. (2015, April 9). Why financial dashboards matter, and five pointers to get you started. Forbes. Retrieved from [Forbes](https://www.forbes.com)
3. Sampson, L. (2015, March 13). Turning bean counters into difference makers: How corporate finance is changing with the times. Forbes. Retrieved from [Forbes](https://www.forbes.com)
4. TriCorporation. (n.d.). Preparing your financial commitments: Guide to developing a budget as the leader of HISCO [Video file].
5. Cadrain, S. (2020). Pre-tax net income chart explanation [Presentation slides]. Canvas@UAGC.
6. Kaplan, R. S., & Norton, D. P. (1996). The balanced scorecard: Translating strategy into action. Harvard Business Review Press.
7. Brimson, J. A., & Antos, J. A. (1999). Activity-based budget: Creating a baseline for performance improvement. Journal of Cost Management, 13(2), 26-33.
8. Horngren, C. T., Datar, S. M., & Rajan, M. V. (2018). Cost accounting: A managerial emphasis. Pearson.
9. Garrison, R. H., Noreen, E. W., & Brewer, P. C. (2018). Managerial accounting. McGraw-Hill Education.
10. Drury, C. (2018). Management and cost accounting. Cengage Learning.