Week 1 Discussion- Managerial Finance

Week 1 Learning Resources

Financial Management Overview

As a leader, you may need to take part in decisions regarding the long-term vision of your organization, including investment decisions. Through financial management, you can be better equipped with the data to support this vision. A company’s leadership will use financial management concepts to address questions such as, “Where should we invest our money and resources?” Using these resources, you will explore an overview of financial management and how to find financial information for a corporation.

· Brigham E. F., & Houston, J. F. (2022). An overview of financial management. In  Fundamentals of financial management (16th ed., pp. 2–21). Cengage Learning.

· The Duomo Initiative. (2020, May 28).  How to read company financial statements (basics explained)Links to an external site.  [Video]. YouTube. https://www.youtube.com/watch?v=__5ZscqYQiw

· Learn to Invest. (2020, September 12).  How to read an annual report - 10k for beginners Links to an external site.  [Video]. YouTube. https://www.youtube.com/watch?v=7OjsEF04V8o

· Merrill Lynch. (2003).  The Merrill Lynch guide to understanding financial reports Links to an external site. . https://irle.ucla.edu/wp-content/uploads/2023/07/MLunderstandingfinancial.pdf

· Walden University, LLC. (2014–2021).  The main roles of the financial management department [Video]. Walden University Canvas. https://waldenu.instructure.com

The Role of Financial Management in Promoting a Company’s Success

Financial management is the art and science of managing an organization’s money so that the organization can meet its goals. It is a way to track how money is flowing into and out of the organization by working with all department managers to determine how available funds will be used, how much money will be needed, and what the best sources are to obtain the required funding. Through these resources, you will examine how financial management is used within organizations to promote their success.

· Allegretti, S., Seidenstricker, S., & Kasseckert, A. (2018).  Factors for success in business model innovationLinks to an external site. .  Journal of Strategic Innovation and Sustainability,  13(5), 10–42. https://doi.org/10.33423/jsis.v13i5.158

· Guliyeva, L. (2020).  The influence of financial accounting and reporting on the management of a business organization and a case studyLinks to an external site. .  Scholedge International Journal of Management & Development,  7(9), 136–143. https://doi.org/10.19085/sijmd070901

· Sharma, A. (2019).  The influence of financial literacy on the performance of small and medium-scale enterprisesLinks to an external site. .  IUP Journal of Accounting Research & Audit Practices,  18(2), 52–61. Time Estimate: 14 minutes

· SME Strategy Consulting. (2021, April 16).  Four core decisions for strategic CEOs to improve financial management & grow their profitability Links to an external site.  [Video]. YouTube. https://www.youtube.com/watch?v=Ccz0AlGoZ14

Increasing International Shareholder Value

As businesses continue to compete in an ever-increasing global economy, companies based in the United States will continue to search for opportunities in other countries in terms of sales and profits. Managers today should have a solid understanding of multinational companies and what it means to operate as one, especially considering the inherent risks associated with them. Through these resources, you will explore how financial management principles apply to multinational operations within an organization.

· Brigham E. F., & Houston, J. F. (2022). Multinational financial management. In  Fundamentals of financial management (16th ed., pp. 625–656). Cengage Learning.