Importance of financial principles

Importance of financial principles.

Whether you are pursuing a career in finance or not, understanding the importance of financial principles, interpreting financial reports, and understanding their role in business will help you to be successful. Financial management requires much more than analyzing accounting records, and it is important to note how financial data and calculations are used to support an organization’s work, finances, and decision-making.

In this discussion,  reflect on your view of finance, and share related experiences.

In your initial discussion post, specifically address the following:

  • Have you ever used financial documents (such as tax returns, financial statements, etc.) to make a personal or business decision? Explain.
  • What terms or concepts come to mind when you think about finance?
  • What concerns or excites you about the course?

Importance of financial principles

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