FIN 320 Project One Financial Analyst Job Aid
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FIN 320 Project One: Financial Analyst Job Aid
[This job aid has two goals. First, it reviews a financial analyst’s daily responsibilities. Second, it describes
how financial management is important to a business.
To complete the job aid, replace the bracketed text with your own content based on the Project One Guidelines and Rubric instructions. Remove this note before you submit your job aid.] Financial Responsibilities
[In this section, write five to seven bullet points outlining the responsibilities of a financial analyst. Use complete sentences.]
Responsible for planning, analyzing, and projecting for corporations.
Create financial examples in support of financial decisions by analyzing data.
Develop automatic forecasts tools to increase productivity.
Forecast future profits and expenses to determine cost structures and regulate capital budgeting for projects.
Collaborate with CFOs and other members to regulate company financing direction and policies.
Analyze past results, perform a variety of analyses, identify trends, and recommend improvements.
Perform such tasks as data mining, market research, and business intelligence.
Financial Management Decisions
[In this section, use examples to discuss the importance of analyzing and managing finances to help make business decisions. Consider the bullet points you outlined in the previous section. Then write a brief paragraph that answers the following questions. Use examples to support your claims.
How do the responsibilities help inform management decisions?
What would happen if management didn’t have this information?]
Financial management is one of the most important tasks a financial analyst must perform. Financial managers should consider potential outcomes of those management choices of profits,
cash flows, and the company’s financial circumstances. Each aspect of a business impacts a company's financial operation. Financial analysts work to assess and monitor these various influences (Vipond, 2023). If they do not have this information, then for example, a business wants to buy a new property for a new division and believes they have the funds, but do not. If their reports from their financial planner may say they have $450,000. But once they enter the building, they may find that they are under $100,500. Proper research and reporting of analyzing the data could have prevented the misrepresentation of funds.
Accounting Principles
[In this section, use examples to explain how to use accounting principles to analyze a business’s financial health. Write a brief paragraph that explains how financial analysts use accounting principles to analyze a business’s financial health. In your paragraph, also answer the following questions:
What accounting information do financial analysts use?
What would happen if that information was unavailable or inaccurate?]
The Generally Accepted Accounting Principles, or GAAP, are a set of standards, principles, and procedures that companies follow in order to prepare their financial statements. These standards help investors, and third parties to analyze a company's financial accounts and other financial information. Some basic principles that are often used are the cost principle, monetary
unit assumption, time period assumption, and finally, going concern principle. Without these principles and information generated from them, companies would not know what direction to take their business to ensure financial stability and growth (CFI Team, 2023).
Financial Statements
[In this section, use examples to describe how to use financial statements to help businesses make finance-related decisions. Think about how financial analysts identify the information contained in financial statements. Then use examples to write a brief paragraph that answers the following questions.
What does a financial analyst need to be able to do the job?
What types of finance-related business decisions would this information help businesses to make?]
There are different financial statements which can help utilize a business to make decisions. Some of the most popular statements are balance sheets, cash flow statements, and income statements. Balance sheets include a summary of a company’s financial balances and describe an image of strength of the company. Cash flow statements show the inflow and outflow of cash during a fixed period (Jain, 2022). Income statements can also be referred to as “profit and loss” statements. Income statements show a business’s revenue and expenses during a set period. The purpose of income statements is to reflect how a company’s performance through sales, expenses, and profit and loss.
Financial Terminology
[In this section, explain how a financial analyst uses key financial terms every day. Ensure your response is clear and easy to understand. Define each term listed below. Then, for each term, write one or two sentences showing how a financial analyst might use the term and how the concept is used to make important financial decisions.]
Financial statement
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Chapter 6: Assignment Model
Name:
Date:
Score:
Section Exercise 6.2
, A manager has four jobs that must be assigned. Estimated processing times for each of four
employees
minimize total processing time. What is the total processing time for the optimal
are shown in the accompanying table. Determine a set of assignments that will
assignments?
Employee
Richard Jeremie Jenrico
Job
Rodel
1
19
17
16
18
2
15
18
17
18
3
18
19
16
19
4
17
14
10
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Solution:
Tableau 1
Tableau 2
Employee
Row
Employee
Job
Job
Reducer
A
D
A
В
D
1'
1
2
3
3
4
4
Column
Reducer
Tableau 4
Tableau 3
Employee
D
Job
Employee
D
А
C
Job
A
В
1
1
2
2
3
3
4
4
Decision:
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A. Dental
B. Medical
C. Vision
D. Full
2. A(n) ________ is the time that the company's purpose, its structure, its major policies, and other matters are explained:
A. Job interview
B. Job preview
C. Employee orientation
D. Employee feedback session
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A. Vision
B. Vocational
C. Veterinary
D. Vocabulary
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What accounting information will be considered as relevant to your investigation if doing an accounting evaluation?
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A. Skills contained on your network list
B. Skills contained on your network portfolio
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Question 5Explain the characteristics and purposes of cost accounting and explain the nature and importance of a job cost sheet.
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QUESTION: 62
DATA CONCERNING THREE OF THE ACTIVITY COST POOLS OF SALCIDO LLC, A LEGAL FIRM, HAVE BEEN
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ACTIVITY COST POOL
TOTAL COST TOTAL ACTIVITY
RESEARCHING LEGAL ISSUES $21,230 690 RESEARCH HOURS
MEETING WITH CLIENTS
PREPARING DOCUMENTS
$1,205,892 7,353 MEETING HOURS
$92,590 5,790 DOCUMENTS
THE ACTIVITY RATE FOR THE "MEETING WITH CLIENTS" ACTIVITY COST POOL IS
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Exercise 6-8A (Static)
Which of the following is true about the cost of employees within a business context? (You may select more than one answer. Single
click the box with the question mark to produce a check mark for a correct answer and double click the box with the question
mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
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? Costs associated with employees include only salary and limited hiring expenses.
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K
ces
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Employees hired/leaving
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Turnover
Total
Required A Required B
$ 4,280,000
4,720,000
$ 9,000,000
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