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CFO
Financial data provides a lot of information about a company, and the ability to compile and understand this information is one of the core skills of the financial analyst. The financial analyst adds value to an organization, therefore, by bringing this skill. The analyst has the ability to understand financial data, to gain information and insight from it, and then communicate that insight to management. Analysts are trained in financial data, and they have methodologies that help them to understand financial data. This is a skill that most people have no training in, and even fewer have experience in, but it is a skill that can provide useful information to management about the company's performance. When management acts on that information, the value of the financial analyst becomes evident.
There are a number of ratios that a financial analyst uses to evaluate the financial performance of the company. The ratios cover a number of different topics, ranging from the liquidity of the company to its efficiency, its solvency, and its investment returns. There are all different facets of a company's financial performance, so the ratios should be used together to portray an overall picture of the company's performance. The ratios have...
The first trait of a successful financial analyst is to be trained in the skills required to perform the job, but as McCann (2012) notes, the skills alone to do guarantee the effectiveness of a financial analyst. Ideally, a financial analyst will have strong reasoning skills, and the ability to conduct both inductive and deductive reasoning. Both types are reasoning are ultimately used in financial analysis, but many people favor on type over the other. A final skill that is critical to being a good financial analyst is strong communication skills. A financial analyst uncovers data, but that data must then be communicated to decision-makers in order for the data to be useful to the organization. The data must, therefore, be communicated to an audience that is not necessarily expert in financial analysis (though the CFO is probably among the audience members, the CEO and others need the insights in plain language).
Accounting Methods and…
References
McCann, D. (2012). Good financial analysts are made, not born. CFO.com Retrieved March 10, 2015 from http://ww2.cfo.com/training/2012/06/good-financial-analysts-are-made-not-born/
Financial analysts play a number of roles within an organization. They made assessments of the value of investments the firm has or may have in the future. They can specialize in determining the value of projects. In addition, financial analysts are engaged in risk assessment, and take steps to determining the best ways for the firm to mitigate the risks that have been identified. Overall, financial analysts use a multitude
The median wage for financial analysts was $73,150 excluding bonuses. The bottom ten percent in the profession earn less than $43,400 and the top ten percent earn over $141,070. Annual bonuses are very common in the industry and can account for a substantial portion of the total earnings (OOH, 2010). Benefit packages are typically very strong for financial analysts. Specific information for Miami-Dade County is unobtainable, but the city
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Health Care Finance Financial analyst Eric Feigenbaum (2009) notes that while we like to think of hospitals in terms of compassion, patient care and dedication to altruistic aims, they are businesses concerned with revenues and expenses like any other business (Feigenbaum 2009, p.2). In today's hectic world of economic downturn and financial struggles felt from individuals of every demographic and social status, revenue and expense accounting are issues that must be
Jobs The position of Financial Analyst requires both specific training and many personal skills as well. For example, trust-building is one of the most important attributes of the job so there is a requirement for a very high level of interpersonal skills. Furthermore, substantial technical training is required. A bachelor's degree is almost always required, and often an advanced degree like an MBA comes in handy for marketing. In addition, there
The company's promotional literature emphasizes the synergistic effects of this corporate structure: "IAG combines the two leading airlines in the UK and Spain, enabling them to enhance their presence in the aviation market while retaining their individual brands and current operations. The airlines' customers benefit from a larger combined network for both passengers and cargo and a greater ability to invest in new products and services through improved financial