Verified Document

Knowledge And Abilities In Finance Were Improved Essay

¶ … knowledge and abilities in finance were improved dramatically. There were a number of different concepts covered in this course including aspects of both financial and managerial accounting. The latter I feel as been especially valuable to me. I can envision in my career as a manager. Consider the different uses of managerial accounting -- making financial decisions, strategic and operational planning and cost management (Owens, 2012). All of these areas were covered in the course. Throughout the course I always took time to see how each of these concepts could apply to my past and future managerial experience, and I could see these uses right away. I also think that the combination of the different concepts was very useful. For example, activity-based costing can be combined with contribution margin to make better determinations about pricing, and what products should be maintained in a business portfolio. I think...

I found the subject matter engaging and I feel that this was reflected in the work. I could have improved, I think, in the first module about the different accounting systems. I know that since there is a convergence process underway between GAAP and IFRS I should be familiar with the different issues. However, as somebody more oriented to making managerial decisions, I feel that I am not as engaged by things like financial reporting issues. My focus maybe waned a bit there, and I think that is an area where I can improve in the future.
The big reason I took this course is because I think that the material covered can benefit me in the future. I believe that my managerial decision-making in particular can be improved. Thus, I think that my performance in the future can be measured in part by the improvements in my managerial decision making.…

Sources used in this document:
Works Cited:

Owens, M. (2012). The uses of management accounting. eHow. Retrieved May 14, 2012 from http://www.ehow.com/about_5549234_uses-management-accounting.html

The Economist. (2009). Activity-based costing. The Economist. Retrieved May 14, 2012 from http://www.economist.com/node/13933812
Cite this Document:
Copy Bibliography Citation

Related Documents

Skills and Knowledge Area
Words: 2089 Length: 5 Document Type: Term Paper

Skills and Knowledge Area The ability to research and interpret and then apply various local and federal and State laws as well as ordinances related to Community Programs is an extremely important and demanding skill. One example of the demonstration of this ability is that explained by Thomas R. Suozzi, the County Executive of Nassau, and Lorna B. Goodman, County Attorney of Nassau County, in their Annual Report on their County

How Compensation is Improved by Evaluation
Words: 2316 Length: 8 Document Type: Essay

Employee Appraisal MethodAssessing and developing employee performance in organizations is crucial, and employers often use performance appraisal as a decision-making tool for this purpose (Sanyal & Biswas, 2014). There are two primary appraisal decision-making methods: cognitive-based appraisal and subjective-based appraisal (Ismail & Raduan, 2013). Cognitive-based appraisal emphasizes psychometric issues in evaluation, performance scores, and objective criteria to measure performance (Ismail et al., 2012). HR managers design methods such as comparison,

Economics Course Economics Impacts on Many Areas
Words: 1131 Length: 3 Document Type: Essay

Economics Course Economics impacts on many areas of life subsequently it will impact on many areas of professional life. Reflecting on the lessons learned, including the knowledge and skills gained, the real value is in the way that economics concepts can be applied to the real world; not only to explain event that are seen in the macro-environment, but to guide the way personal decisions will be made with that knowledge. The

Confonting the Amman-Zarqa Lrs Conceived
Words: 6876 Length: 25 Document Type: Case Study

Some type Government involvement and regulation, Nguyen (2009) asserts, proves critical to helping ensure the private sector r thrives. Many of world's leading economies concur that Governments must be involved to best manage their country's economy. Control, however, needs to extend beyond the control and regulation of the private sector per se. For the country's overall development, the better process includes the synergies of both private and public sectors being

Economics of Public Policy
Words: 4599 Length: 15 Document Type: Term Paper

Monopolies and Trusts: Appropriate Areas for Government Intervention? Capitalism is the economic system that has dominated the United States virtually since the day of its independence. A social and economic system based on the recognition of individual rights; capitalism demands that owners' rights to control, enjoy, and dispose of their own property must be respected. In a capitalist system, the purpose of government is to protect individual economic rights, and to make

International Trade Is an Important
Words: 4173 Length: 15 Document Type: Case Study

Only a few decades ago, China was a struggling economy. It is much newer in the free market economy system as compared to the already established economical giants, given the country's communist history. China, a country with an extremely high population, put its resources to its best possible advantage and that was something which contributed towards the country's rapid growth. China has one of the cheapest labor and energy and

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now