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Required Resources

Text

Hickman, K. A., Byrd, J. W., & McPherson, M. (2013). Essentials of finance [Electronic version]. Retrieved from https://content.ashford.edu/ •Chapter 1: Introduction to Financial Management

•Chapter 2: Accounting Review

Multimedia

Intelecom. (Producer). (n.d.). Important financial documents [Video file]. Retrieved from http://searchcenter.intelecomonline.net/playClipDirect.aspx?id=4870EEC7664070BB9D6744FDA7325EE4B73C695245AB5359E714CC89CDBB4388CEBED83D70C2689D943F65ECBE2F51E1

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Recommended Resources

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Kaiser, B. & Sklar Rasminsky, J. (2012). Challenging behavior in young children (3rd ed.). Upper Saddle River, NJ: Pearson Education, Inc. •Chapter 1: What is Challenging Behavior?

•Chapter 2: Risk Factors

Articles

Howell, R. A. (2011). 80 years and counting: The changing role of financial management. Financial Executive, 27(4), 19-22. Retrieved from the ProQuest database. •The full-text version of this article can be accessed through the ProQuest database in the Ashford University Library.

Mergent, Inc. (n.d.). Mergent Online quick tips [Tutorial]. Retrieved from http://library.ashford.edu/tutorial/document/Mergent_Quick_Tips.0710.pdf

Merrill Lynch. (2000). How to read a financial report. Princeton. Retrieved from http://www.princeton.edu/jrc/conferences/financial-markets/Merrill_Lynch_How_to_Read_A_Financial_Report.pdf

Sheridan, T. (1996). World class financial management: The financial manager's role. Management Accounting, 74(4), 34-34. Retrieved from the ProQuest database. •The full-text version of this article can be accessed through the ProQuest database in the Ashford University Library.

The Role of Financial Management in a Firm

Summarize the role of management as it relates to finance in a corporation.  In your post, address the following:

• Indicate the various aspects of finance that management must understand.
• Describe why a manager needs to understand the characteristics and importance of financial markets including risk and efficiency.
• Describe why cash flow is more important than sales in a business.
• Discuss what could happen if management does not fulfill responsibilities related to finance.  If you have one, share a real world example from your own professional experience or from an external source.

Your post should be 200-250 words in length.

Guided Response: Review several of your classmates’ posts. Respond to at least two classmates’ by commenting on their example of management not fulfilling its responsibilities. Pose a question to spark discussion regarding what could have been handled differently.

Financial Statements

View the Important Financial Documents video which looks at the fundamental financial documents every company needs; including the balance sheet, income statement, and statement of cash flow. In your post, choose one of the financial statements and explain how a manager would use the statement to drive financial analysis and decision-making. Your post should be 200-250 words in length.

Financial Management Challenges and Ethics

Find at least two articles from the Ashford University Library that highlight and discuss two of the biggest challenges facing financial managers today. One of the articles should be about the challenge of maintaining ethical financial integrity and the other article should be on any other challenge that a financial manager may face (e.g., competition, foreign markets, government intervention, etc.).

Summarize your findings from the articles in a two- to three-page paper (excluding title and references pages). The paper should be formatted according to APA style as outlined in the Ashford Writing Center. Be sure to properly cite your selected articles using APA style.