FIN 320 Final Project Gui: X tps/bb.snhu.edu/bbcswebdav/pid-10821382-dt-content-
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FIN 320 Final Project Gui: X tps/bb.snhu.edu/bbcswebdav/pid-10821382-dt-content-rid-28114882 1/courses/FIN-320-16EW4-MASTE 2811 4882_1/courses/FIN-320-16EW4-MASTER/FIN-32(a Final Project Part I Business professionals typically need to demonstrat te a core set of financial knowledge to earn the job and to succeed on a job. For this part of the assessment to illustrate vour financial management knowledge vou will be given a scenario in which you are asked This part of the final project addresses the following course outcomes: managers in confirming compliance with federal and shareholder requirements Analyze the roles and responsibilities of financial Differentiate between various financial markets and instituti investments . ons by comparing and contrasting options when selecting appropriate private and corporate Part I Prompt You have completed an internship in the finance division of a fast-growing information technoloey c hiring you for a full time job. He first wants to evaluate your financial knowledee and has provided you with a short examination. When composing your answers to this employment examination, ensure that they are cohesive and read tke a short essay f a fast-growing information technoloev corporation. Your boss, the financial manager, is considering Your submission must address the following critical elements L Analyze Roles and A. Examine the types of decisions financial managers make. How are these decisions related to the primary objective of financial managers? B. Analyze the various ethical issues a financial manager could potentially face and how these could be handled C. Compare and contrast the different federal safeguards that are in place to reduce financial reporting abuse Why are these considered you see anv disadvantages? If so, what are they? Why? t the various investment products that are available and the types of institutions that sell themExplanation / Answer
Roles an Responsibilities of finance manager in compliance with federal/shareholder requirements
- To ensure all statutory tax related compliances are met
- To ensure financial results are kept confidential before it is published in press post board meeting
- To ensure the books are maintained strictly in line with accepted accounting standards and principles
Options for investing by Corporates
- Government Treasury bonds for short term
- Mutual funds managed by Asset Management companies for Short term
- Subscribing to Long term bonds/debentures of Federal Treasury
- Secured Debentures of Banks/Private corporates if their rating is good - Long term
Types of decisions a finance manager would take
- Fixing Credit limit for customers
- Fixing credit terms for vendors
- Evaluating the appropriateness of product pricing and the margins
- Financial evaluation of Capital spends like Project investment, asset purchase
- Productwise Margins compared to plan and alert the management on the key variances
- Costcentrewise control on fixed costs
Ethical issues
- Pressure to manipulate the financial statements eg., over valuing finished stocks
- Tax evasion threats
- Avoiding corporate governance practices
- Clearing bills without proper supportings
Finance manager has to be assertive by not yielding to pressures. He should attempt to escalate to ombudsman or board of directors. if not able to solve then also, he should opt to quit and move to other job
Federal Safeguards
- Online filing of returns by all companies protects most of the wrong / false disclosures
- New accounting standards rolled out with huge disclosures helps to avoid mis reportings
- Stringent penal provisions for negligence on the part of directors, puts pressure on them to ensure they review the financials carefully through audits and other methods
Private company going public
- This means that they are going to get listed in a stock exchange where their shares are publicly traded and also it means they are going to raise funds from general public. Public companies have to advantage of good compliance due to lot of statutory requirements imposed on them . This is not there in private companies.
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