Relationship between financial acuity and managerial decision making

Relationship between financial acuity and managerial decision making

Decisions concerning an organization should be taken seriously. For the organization to be successful, every employee should understand the amount of cash made by their organization. If employees are not offered adequate training concerning financial acuity, there is the possibility of poor decisions. Financial acuity is all about the skills learned, and it’s essential to provide necessary skills that can make the employees offer the best to their organization.  Financial management is essential for the contribution of managerial decision making.  Financial management involves various concepts just as taught throughout the course, like net present value, which directs managers on the best decisions to make.

Skills acquired

The course has taught on various skills applicable to daily operations. The course has shown how financial acumen can be increased. It’s through financial acumen where the organization will be able to improve financial confidence and understanding as well. Also, the course has taught ways to interpreted and analyze the information given from various data indicators. The most critical skills of engaging in best conversations have as well been mastered in this course. Different skills on how to manage finance as well have been learned. Finances can be achieved by mastering various concepts about budgeting and other financial ideas.

Knowledge application

When everyone goes to training in colleges or any other institution, they do so to learn something to apply in the future. The managerial finance course has taught many things applicable in real life. The skills can help anyone influence and persuade other people in different places of work. For the leader to act effectively, they must make a decision, which makes sense. Such kind of decisions requires some concepts taught through the course. The skills learned will help in solving various financial issues. Financial problems can be addressed while at the same time, converting them into benefits and opportunity. Taking advantage of multiple opportunities when they arise is a good practice of applying concepts learned.

Hi Venkata Rao Makineni

Students learn various concepts in different courses. The course related to the finance discuses o various issues beneficial for future professionalism. Some of the topics with significant influence include managerial decision making and financial acuity.  At the end of the course, essential points like financial acuity are applicable if today’s economy has been mastered. Financial acuity offers skills that help in making better decisions in business and how to improve the company when troubles arrive. Lack of necessary skills to make decisions makes the organization to go the wrong direction since decisions should be sufficient. From word financial acuity, financial acumen comes involves three pillars like business quality, quality, and finance. Managerial finance is an essential term that is comprised of the above three components.  The new knowledge learned from the above three terms can be applied in different areas. The finance sector is complex and requires complex skills as well.

Reply 2

By the end, of course, a lot aver been taught concerning profits, cash flow. Inflows, cash outflows, and the financial conditions of the company. Managerial decision making entails steps like objects establishment, problem definition, recognizing the alternatives remedies, identifying alternatives actions, and implementation of the choices. Decision making plays a vital role in the organization since its one of the best ways of maintaining the standards of the company. Identifying a particular issue in any business helps in coming up with the best decisions which fit the business. The solution identified should improve on profits of the company. The problems might be solved through effective choices only. Everybody stands a chance of changing the look of the organization and performance. When the skills learned are well applied in different places, it will be easy to make the best decision hence improving the performance of that company. Most important, it’s all about using the concepts effectively to improve performance.

Reply 3

Financial management, financial analysis, financial statements, securities in finance are among the concepts learned, and the ideas related to managerial finance. The company planning, predictions, depression flows, and capital costs are also essential concepts associated with managerial finance. All of these concepts play different roles which make up the managerial finance and managerial decision making. During the examination of financial statements, the manager’s accuracy and sharpness can be a trend as financial acuity. The most crucial cause of action for the organization is the acuteness. For example, replacing assets needs acuity where the cost and durability might be considered.  The concepts learned can be applied in other sectors as well to make the performance better. For instance, to improve performance and productivity knowledge in strategies, especially the management formulation, will be applied. Means of managing finances determine a lot about how the organization will perform and its effectiveness. Managers and employees should take accountability for improving the company. s