Essay on The Bible And Corporate Finance

2064 Words Dec 27th, 2014 9 Pages
The Bible and Corporate Finance
People rarely associate religion with the business world or the finance industry, nor do they think religion can guide the practice. From a logical standpoint religion and a firm's operations do not correlate. From a societal view people see good religious peoples businesses fail while godless industries thrive. The question usually asked is how does the Bible apply to business world? The real question should be how could the Bible and God guide me in my profession or my business?
Accounting, Finance, and Performance
Making a profit is not bad; in fact it is very good. Being a profitable business owner or just an upstanding employee are also good things. In order to do that though, we need
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Risk, Return and Capital Budgeting
Christ like life experience during any financial capital planning. The most important part during the business financial planning is outweighing risk and return on business investments. Managers should remember to be transparent not hiding any financial exceptions that could alter or change the outcome of the financial statements. Building a professional group that is consistent year by year requires enforcing professional financing standards by put into effect a detail transparent investment and expenditure planning process. The establishment of clear guidelines of budget and projected benchmarks must be discussed before, during and after budget development. It is mentioned that capital budgeting “is a systematic method of allocating financial, physical, and human resources to achieve strategic goals. Companies develop budgets in order to monitor progress toward their goals, help control spending, and predict cash flow and profit” (Inc., 2000). The expertise for a successful final capital budget is a combination of Gods teachings, individual’s expertise and businesses strategic goals.
In conclusion, the expertise and financial understanding of business are Gods given talents to us to use for the betterment of the mankind and the economy. The bible s mentioned that, “But remember the LORD your God, for it is he who gives

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