Discussion-8

1) Original Post = 300 words (Including Part 1 & Part 2)

2) 3- Responses needed = each response should 150 words

3) 3 References

4) Citations with in the body

Write a critical evaluation of your learning outcome. In your response, consider:

Course Name: Managerial Finance

1. Consider the content of this class as they relate to financial acuity and managerial decision making.

2. Base on the course content, discuss the new skills you acquired from this class?

3. How would you apply your new knowledge of your current and/or future profession?

Response#1(Bindu)

Importance of the managerial finance:

Learning outcomes are the statements and objects which are the outcomes and the result of the class at the time of end of class or course. What are the things learnt by the students and how it will be useful to their future profession known as the reflections or the outcomes. Suppose let us consider I have completed a course related to the managerial finance. The topics which have been covered by the lectures is like financial acuity and managerial decision making. At the end of the course I understood that the word financial acuity is important professional course must and should for the today’s economy. The work acuity represents that taking better or good decisions in order to get better outcomes. Financial acuity is the training and it provides the skills like taking better business decisions and how to improve the organization when it gets disasters. When we could not take these types of trainings we may take a poor business planning’s which may leads to get loss. By this knowledge we can decide and can be analyzable about the financial related accounts. From the word financial acuity, financial acumen comes which means it is a structure which consists of three main important pillars like global quality, finance and business quality. Managerial finance is the important term which will get to know that the responsibilities of the business manager

Topics Learnt from managerial finance:                          

By the end of the course they may get to know about the cash flows, profits, cash out flows, inflows and financial conditions of the organizations. Management decision making involves mainly five steps like establishing the objectives, defining a problem, identifying the alternative solutions for the problems, evaluating alternative courses of the action, implementing the decisions. Decision making plays a key role in the business because based on decisions the company standards will going to maintain. The enterprises should be maximizing the profit levels. The second step is to make or defining the problem

The identification of a particular problem is also a critical situation, when we identify the problem perfectly then only we can decide how it can resolve or rectify as early as possible. The solution for the problem has to be decided from the disaster recovery plans. The solution should be like in order to improve the profits to the organization. The problems may be arrived by the many reasons like poor labor, machinery related problems or it may the other reasons. The problem should be identified correctly. The next procedure is to decide the alternatives for the problems, the alternatives are many so you have to decide the correct procedure which will be suited for the particular disaster or problem in order to rectify the problem