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    Business Finance Q3 W1-2

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    MichelJoy De Guzman
    Finance managers are responsible for advising organizations on increasing profits through prudent financial practices. Kezia, the finance manager of KV Shoe Mart, was asked by the owner for advice on managing finances to save money and increase profits without sacrificing quality. To provide advice, Kezia should review financial reports with the accountant and sales managers. These reports include the statement of comprehensive income and statement of financial position, which show the company's financial results and condition. After reviewing the reports, Kezia can monitor compliance with laws and explain the company's condition to the owner, then provide advice on managing finances to increase profits. Finance managers typically oversee finance departments, create policies, budget, train staff, and ensure compliance

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    Business Finance Q3 W1-2

    Uploaded by

    MichelJoy De Guzman
    99 views1 page
    Finance managers are responsible for advising organizations on increasing profits through prudent financial practices. Kezia, the finance manager of KV Shoe Mart, was asked by the owner for advice on managing finances to save money and increase profits without sacrificing quality. To provide advice, Kezia should review financial reports with the accountant and sales managers. These reports include the statement of comprehensive income and statement of financial position, which show the company's financial results and condition. After reviewing the reports, Kezia can monitor compliance with laws and explain the company's condition to the owner, then provide advice on managing finances to increase profits. Finance managers typically oversee finance departments, create policies, budget, train staff, and ensure compliance

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    BUSINESS FINANCE Q3 W1-2

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    Finance managers are responsible for advising organizations on increasing profits through prudent financial practices. Kezia, the finance manager of KV Shoe Mart, was asked by the owner for advice on managing finances to save money and increase profits without sacrificing quality. To provide advice, Kezia should review financial reports with the accountant and sales managers. These reports include the statement of comprehensive income and statement of financial position, which show the company's financial results and condition. After reviewing the reports, Kezia can monitor compliance with laws and explain the company's condition to the owner, then provide advice on managing finances to increase profits. Finance managers typically oversee finance departments, create policies, budget, train staff, and ensure compliance

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    99 views1 page

    Business Finance Q3 W1-2

    Uploaded by

    MichelJoy De Guzman
    Finance managers are responsible for advising organizations on increasing profits through prudent financial practices. Kezia, the finance manager of KV Shoe Mart, was asked by the owner for advice on managing finances to save money and increase profits without sacrificing quality. To provide advice, Kezia should review financial reports with the accountant and sales managers. These reports include the statement of comprehensive income and statement of financial position, which show the company's financial results and condition. After reviewing the reports, Kezia can monitor compliance with laws and explain the company's condition to the owner, then provide advice on managing finances to increase profits. Finance managers typically oversee finance departments, create policies, budget, train staff, and ensure compliance

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    © All Rights Reserved
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    Download as pdf or txt
    of 1

    MICHEL JOY L.

    DE GUZMAN
    11- AYALA

    BUSINESS FINANCE
    Quarter 3 – Week 1 & 2
    What I Have Learned (Written Work):

    PART 1: UNDERSTAND
    (Claim – Evidence – Reasoning)

    Finance Managers are responsible for advising an organization on how to increase profit through
    prudent financial practices and monitoring and enforcing compliance with finance-related laws,
    procedures and regulations such as tax filing and financial reporting.
    Kezia is the Finance Manager of KV Shoe Mart, which manufactures slippers, sandals, and shoes.
    The owner of the business approached her and asked for her opinion on how to manage finances or save
    money, in effect, increasing profits without sacrificing quality. Kezia should approach the accountant
    and the sales managers of the company because the job of an accountant is to check over financial
    statements, monitor company budgets, calculate employee paychecks for each pay period, and review
    and prepare tax obligations. While sales managers’ duties are to guide, train, and mentor their sales
    teams, they also set sales quotas and goals, create sales plans, analyze data, assign sales territories, and
    build their team. Sales managers also manage organizational sales by developing a business plan that
    covers sales, revenue, and expense controls. But before Kezia gives her opinion or advice, she needs to
    check the Statement of Comprehensive Income (SCI), because the SCI shows the result of the operations
    of a company for a given period of time. Also, the Statement of Financial Position (SFP) is a report that
    shows the financial condition of the business. Therefore, Kezia needs to review these financial reports
    before she gives her opinion. Kezia will supervise the preparation of quarterly and annual account
    reconciliations. She can monitor and enforce compliance with finance-related laws. Hence, Kezia will
    explain the condition of the company based on the financial reports that the accountant and sales
    manager gave her. The owner will then get Kezia’s opinion or advice on how to manage finances or
    save money in order to increase profits without sacrificing quality.
    The finance manager often has the following duties: to oversee the operations and development of
    the company’s finance departments, including creating and reviewing policies, budgeting, recruiting,
    training, and conducting regular assessments of financial procedures. They supervise the preparation of
    quarterly and annual account reconciliations, monitor and enforce compliance with tax and financial
    reporting standards, and assist with cash flow forecasting.

    What I Can Do (Performance Task):

    PART 2: DO
    (Performance Task: GRASP Approach)

    Hi ma’am Claire, please check the second attachment that I’ve provided, because that’s the link of my
    powerpoint presentation ma’am. Thank you and god bless ma’am!

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