College of Eastern Utah Sarbanes Oxley and Financial Acumen Paper

User Generated

Ivpxl456

Writing

College of Eastern Utah

Description

Part 1: Financial Acumen

Keeping abreast of the financial measures and metrics employed by a company allows employees to better understand its health and position at any given time.

1. Review at least three (3) articles on financial acuity. Summarize the articles in 800 – 900 words. Use APA formatting throughout including in-text citations and references.

2. Discuss the benefits of establishing solid financial acumen in a company? Discuss your personal experiences in a situation where financial acumen was either not supported as an organizational hallmark or, conversely, was built into the company's culture.

Part 2: Sarbanes-Oxley (SOX)

Write a 500-word commentary on Sarbanes Oxley and the importance this act has for American businesses today. Your commentary should include the following:

A. Rationale for SOX
B. Provisions of SOX
C. Enforcement of SOX

No plagiarism.

APA format.


User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Please find the attached files. I look forward to working with you again. Good bye.

Running Head: KEEPING ABREAST OF THE FINANCIAL MEASURES AND METRICS

Keeping abreast of the financial measures and metrics
Name
Institutional
Date

1

KEEPING ABREAST OF THE FINANCIAL MEASURES AND METRICS

2

In the article “Linking Financial Acumen to Business Performance” Vorbach, (2017)
starts by defining financial acuity as the capability to make quick decisions and good financial
judgments. Financial acumen acquisition tends to base on various factors such as continuous
learning and on-the-job experience. It is spontaneous to assume that for most companies to be a
success, well-intentioned staff must at least possess a viable understanding of something that
generates profit. Conversely, when organizational employees lack financial acuity training, the
probability of them conducting poor business decisions remains high.
Causal links are currently identified in order to test the correlation observed mostly
between the firm’s financial performance and policies, and financial expertise. However, it
remains evident that financial acumen is simply a skill, which is likely to be learnt. Most studies
tend to emphasize the availability of a strong association mainly between financial outcomes and
financial literacy (Vorbach, 2017). Recent empirical evidence claims that the link between
financial behavior and literacy remains a significant determinant towards stock market
engagement, something that is also determined by financial literacy.
In business, financial acumen tend to be evaluated across various pillars including global
skills, financial skills and business quality. In this case, financial skills mostly includes the act of
strengthening important financial literacy metrics and concepts, and the act of engaging in
streamlining processes. On the other hand, business quality skills tends to sharpen a person’s
ability to maintain everything in order. It also advocates a businessperson to work efficiently
through the management of resources and costs (Vorbach, 2017). Lastly, global skills mostly
includes analysis of regional, local and global markets, and understanding the significance of

KEEPING ABREAST OF THE FINANCIAL MEASURES AND METRICS

3

business governance. Apart from that, it fosters the creation of a sound CRS within the
organization.
Despite the positive attributes that are linked to business financial acuity, Jason Gallow,
in his article “Marketing financial acumen” highlights some of the common challenges that most
business face when building a marketing financial acumen. According to the article, it remains
evident that most marketers tend to struggle with financial basics. In fact, marketers have
continued to ignore financial acumen as part of an important skill. Instead, they usually depend
on financial process methodologies, which are also immature. Lack of financial comfort and
business skills remain part of the ...


Anonymous
Very useful material for studying!

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Similar Content

Related Tags