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FINANCIAL MANAGEMENT 2

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DISCUSSION

FINANCIAL MANAGEMENT 2

Determine why it is sometimes misleading to compare a company’s financial ratios with those of other firms that operate within the same industry. Support your response with an example from your research. financial management 2.

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FROM PROFESSOR:

According to your text, the short and sweet answer for discussion is that there is no single correct value for any ratio. When looking at financial ratios we have to consider the specifics of the ratio. To be more specific which ratio are we looking at and what financial statement do we pull those numbers from. When comparing financial ratios, we do not have the entire statement right in front of us so there are factors that may have occurred for one company (Pepsi) that may not have occurred for the next company (Coca-Cola) which are what Higgins, Koski, & Mitton (2019) call company-specific differences.

We could also see that Pepsi is operating in the red but it could be due to the fact they paid off some loans and now they do not have FCF (free cash flow) or a high amount of profits to show. However, as they continue to make sales and gain cash that is one less expense as well as the interest they no longer have to worry about. Whereas Coca-Cola may still be facing long-term debt and interest payments. The other factor that has to be taken into account is the method of accounting that is being used for the company. Different accounting and inventory methods can show different results at times. The main thing is that the industry as a whole may be doing bad (Higgins, Koski, & Mitton, 2019). If that is the case, would it even be worth comparing the competition’s ratios? Think about it, each business could have different sizes, target markets, pricing strategies, investment needs, and be in different stages of development.

I like to put things in a real-world perspective to make sure everyone can relate or understands what is going on. At this point of your educational journey, you have student loans or knows someone that does. So, let’s think about purchasing a house or something major. The first thing that is looked at by the lending institution is your credit score. But even with a good credit score, your debt-to-income ratio has to be good as well. If you have a lot of debt and not enough income coming in to cover that debt then the lending institution will not approve the loan. Check out the article below for a good read and some information to think about when buying a house after getting student loans.

https://www.wsj.com/articles/what-to-do-if-your-student-loans-makes-it-hard-to-get-a-mortgage-11601631001?mod=searchresults&page=1&pos=3

Now let’s go back to businesses and managerial finance. One thing that we see a lot of in businesses is money laundering. When you think about it from a ratio perspective, it is revenues vs cost. How much control do banks have over this? Here is another great read.

https://www.wsj.com/articles/banks-can-only-tighten-their-belts-so-much-11601636550?mod=searchresults&page=1&pos=2

These articles are kind of recent but since these articles we have experienced COVID-19. What if anything has changed since then that can affect credit scores, the way that companies report, and ratios over all?

Reference:       Higgins, R. C., Koski, J. L., & Mitton, T. (2019). Analysis for financial management (12th ed.). New York, NY: McGraw-Hill Education.

~Dr. Inez Black

Managing Financial Risk

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help>Operations Management homework help
Financial

 Managing Financial Risk

Assignment Content

  1. Competency
    Devise risk mitigation strategies in financial management. managing finance risks
    Student Success Criteria
    View the grading rubric for this deliverable by selecting the “This item is graded with a rubric” link, which is located in the Details & Information pane. managing finance risks.

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    Scenario
    You are the manager of the procurement department in a large manufacturing firm. Part of the work your department does involves processing purchase orders, material receipts, and other documentation related to the purchasing activities for eventual payment by the accounts payable department.
    Your team members, in addition to processing and reviewing the various documents (hard copies and/or electronic versions), track metrics around purchasing. These metrics include items such as the number of orders by vendor, spending by expense category and functional department, inventory levels, etc. Your team can also report and track information by person such as who requested purchases, who received materials, and who approved invoices to go to accounts payable for payment.
    Because of the nature of work in your department and the metrics that are tracked, your team members can play a role in preventing and detecting fraud, helping to reduce financial risk for the company. However, none of the team have been trained on internal control concepts. You currently have no funds available in your budget to pay for training and must create your own materials for the team to learn from and use for reference.

    managing finance risks

    Instructions
    Create an infographic that contains information about internal control concepts. The infographic will have three sections – one each for preventative, detective, and corrective controls. In each section, include information on two specific internal control tactics or methods that fall under the category type and that are applicable to the work performed in the department.

    The infographic should also include a title and introductory summary statement. Cite all sources of information using APA style at the bottom of the infographic in smaller font.

For assistance with creating an infographic,

Health Information System Workflow

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Health Information System Workflow and Innovation

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Unit 6 Discussion – Competency Alignment, Productivity, and Efficiency – Due 8-14. 1000w. 4 references.

Health Information System Workflow

Review week five’s Unit 5 -Health Information System Workflow and Innovation. Using the workflow chosen and created in week five, determine the T.I.G.E.R.’s initiatives which correlate with the selected workflow.

1. Explain how the evaluation of the workflow will be determined.

2. What type of information would need to be gathered to be used to evaluate the workflow’s implementation and effectiveness?

3. Identify at least two type of evaluation methods.

4. What is the meaning of tiger in nursing informatics and how can nurses use it to improve patients’ health?

5. Review the article DEPARTMENT: NURSING INFORMATICS TIGER Initiative Advancing health IT Schlak, Sally E. MBA, RN; Troseth, Michelle MSN, RN, DPNAP. https://journals.lww.com/nursingmanagement/Citation/2013/01000/TIGER_Initiative__Advancing_health_IT.5.aspx#:~:text=The%20new%20TIGER%20Initiative%20vision,practice%2C%20education%2C%20and%20research%2C.

Health Information System Workflow and Innovation

Responses need to address all components of the question, demonstrate critical thinking and analysis, and include peer reviewed journal evidence to support the student’s position.

Please be sure to validate your opinions and ideas with citations and references in APA format.

Please review the rubric to ensure that your response meets the criteria.

Unit 6 Discussion - Competency Alignment, Productivity, and Efficiency

Unit 6 Discussion – Competency Alignment, Productivity, and Efficiency

Unit 6 Discussion – Competency Alignment, Productivity, and Efficiency

Review week five’s Unit 5 – Health Information System Workflow and Innovation. Using the workflow chosen and created in week five, determine the T.I.G.E.R.’s initiatives which correlate with the selected workflow.

1. Explain how the evaluation of the workflow will be determined.

2. What type of information would need to be gathered to be used to evaluate the workflow’s implementation and effectiveness?

3. Identify at least two type of evaluation methods.

4. What is the meaning of tiger in nursing informatics and how can nurses use it to improve patients’ health?

5. Review the article DEPARTMENT: NURSING INFORMATICS TIGER Initiative Advancing health IT Schlak, Sally E. MBA, RN; Troseth, Michelle MSN, RN, DPNAP. https://journals.lww.com/nursingmanagement/Citation/2013/01000/TIGER_Initiative__Advancing_health_IT.5.aspx#:~:text=The%20new%20TIGER%20Initiative%20vision,practice%2C%20education%2C%20and%20research%2C.

 

Responses need to address all components of the question, demonstrate critical thinking and analysis, and include peer reviewed journal evidence to support the student’s position.

Please be sure to validate your opinions and ideas with citations and references in APA format.

Please review the rubric to ensure that your response meets the criteria.