Discussion Need and 3 responses for students work

Part1: Financial Acumen

1.

Baharom, (2014), discusses the idea of "Gauging Business Acumen Degree of Technical Students from Universiti Teknologi PETRONAS: Views from the Malaysian Industry." The financial acumen includes the strategies for handling the organization's financial services. The purpose of the financial acumen is to develop the challenge that depends on the quality of financial services. The US revealing began with finance. The more organize the individuals with financial acuity, the more consumers are assigns in the company. Towards the end of each day, ask each office head to transform into an overview of regions where the corresponding financial language is not being spoken. After the instructional conference, delegate each section to the undertaking of addressing financial interest with staff in their areas of expertise. For those staff who are low on an income basis, encourage them to use more everyday language (Baharom, 2014, pp. 4683 – 4688).

Barsch (2016), defines information on “Looking beyond the Financial Plan to Help Clients Maximize Their Retirement Years.” The article contains details on financial planning, customer support and retirement assistance. The universal approach describes the retirement plan particularly and is highly complex to the safety and happiness which needs the second preparation plan. Additionally, the author states that financial advisors need to take intense action to strengthen their relationship. The concern comes with retirement which has a significant impact on family, colleagues, and wife on the various social relationships. To consumers, retirement planning is extremely difficult and describes the potential treatment in cognitive decline. The article addresses the mental acuity disability summary, which reflects the document to explain or clarify some of the moves and impact long-term policy (Barsch, 2016, pp. 7-10).

Pradhan, (2019), describes details on “High Medicaid Nursing Homes: Organizational and Market Factors Associated with Financial Performance.” This paper presents information on financial accumulations. The main purpose of presenting an article is to examine the partnership between the nursing home, safety and financial performance. Investigating the Author's partnership using the secondary data tool while sourced consider the qualification services and Medicate expense analysis show the sample credential and provide the results. The main reasons are to improve the market for the nursing home competition based on the quality and the public variety introduced by CMS. The nursing home website provides the clinical condition which shows higher-quality information on the opt nursing home. The financial acumen can consume the hire public reports and add accurate information and the resident acuity is calculated at the stage of the building. The study results suggest that the cases should be presented, and the process should be optimized, and the results operated the financial services (Pradhan, 2019, pp. 1-9).

2.

Benefits of Establishing Solid Financial Acumen 

Developing the organization's financial acumen needs to utilize as these experience is contracting within the data, outline, and sales revenues. The financial acumen focused on the three major processes, including global knowledge, financial service, and efficiency. An organization's growth involves money understanding and makes the organization function for the staff. The key benefits are correlated with the corporate financial acumen that optimizes the business decision-making process and promotes the employee financial service.

According to my point of view, the Financial Acumen in a company means the ability to make an excellent decision. Developing decision making helps to lead the future in a better way. That is a boost to the corporate decision-making process. The financial acumen will ingest the hire public reports and add accurate information, and thus, resident acuity is calculated at the stage of the building.

Part 2: Sarbanes-Oxley (SOX)

The US government passed the legislation known as the Sarbanes-Oxley Legislation (SOX) in the year 2002. It is used to ensure that governance practice and corporate disclosure were acceptable to the general public. The Act needs companies to have an autonomous audit committee that comprises financial specialists, and that can advance the timing and nature of financial revelations (Boylan, 2015, pp. 121-126).

Nowadays, each public organization has to follow the SOX act, both from the IT side and from the financial side. An organization needs to store all corporate documents, such as messages and online records. These records are not lower than five years.

The SOX rational act is better reflected earlier through the proceedings. The late 19th century is marked as economic development; this development was accomplished through the internet boom, which saw the emergence of the news industry. These businesses are connected to the internet-driven by capitalist undertakings.

The provisions of this act relating to Accounting Software Inc. SOX is protecting stockholders from corporate manipulation over its restrictions on client financial statements. Other statements contain financial statements, cash flows, and impact analyses.

The SOX act of Enforcement is administered by the SEC, known as the "Securities and Exchange Commission." The statute relies on the Securities and Exchange Commission to make decisions on the equipment in compliance with the regulation.

References Baharom, M. N. (2014). Gauging Business Acumen Level of Technical Students from Universiti Teknologi PETRONAS: Views from the Malaysian Industry. Procedia - Social and Behavioral Sciences, 4683 – 4688. doi:10.1016/j.sbspro.2014.01.1008 Barsch, R. (2016). Looking beyond the Financial Plan to Help Clients Maximize Their Retirement Years. Journal of Financial Service Professionals,, 70(2), 7-10. Boylan, D. (2015). A Review of the effects of Sarbanes Oxley on Stock Price. Global Business & Finance Review, 20(1), 121-126. doi:10.17549/gbfr.2015.20.1.121 Pradhan, R. (2019). High Medicaid Nursing Homes: Organizational and Market FactorsAssociated With Financial Performance. The Journal of Health Care Organization, Provision, and Financing, 56, 1-9. doi:org/10.1177/0046958018825061