MGT 500 TU Essence of Financial Intelligence in Improving Financial Results Paper

User Generated

WnfbaInyreb

Business Finance

mgt 500

Trident University International

MGT

Description

The main question of this case is: Why does financial intelligence matter and what does it mean?

Use the background material and do additional research as needed. Write an essay to address the following questions.

  • What are the benefits from some rudimentary knowledge in these areas?
  • How can the understanding of the type of information be helpful if you are not working in finance, accounting, or economics? 
  • List ten potential uses of this knowledge in your professional career and a planned career/endeavor.
  • What does financial intelligence mean to you?
  • What is financial statement analysis?


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Explanation & Answer

Hello there, here is the complete paper. Go through it and in case of anything, feel free to alert me.Regards

Outline: Financial Intelligence

Student’s Name
Institution Affiliation
Date

Introduction


Financial intelligence is collective qualitative and quantitative information concerning
financial affairs to ensure capabilities, intentions and nature of financial matters is
understood.



Human mental intelligence is needed in determining financial plans. Financial
transparency is enabled through financial intelligence.



Since the 1970s, financial intelligence has been supported to enable understanding of the
financial situation. Businesspeople prioritizing financial intelligence in their operations
make beneficial financial decisions.



The research will discuss the essence of financial intelligence in improving financial
results.
Benefits of Financial Intelligence



From the rudimentary knowledge of financial intelligence, entrepreneurs are capable of
managing financial stress experienced at workplaces.



Through financial intelligence, the impact of money on daily practices is revealed.
Personal relationship and business thoughts about money are recognized through
financial intelligence.



Financial literacy should be built as entrepreneurs socialize with employees in
workplaces.



Distinct personality traits to money are determined through financial intelligence.



Therefore, the benefits of financial intelligence cannot be disputed and modern investors
use it to determine their income and expenses based on the demand for their products in
the market.

Helpfulness of understanding the type of information


All individuals should understand the need for financial information in their daily life.



Financial intelligence should not only be for individuals working in economics, finance
and accounting alone but for all people in modern societies.



Ordinary people require information on financial intelligence to develop skills needed
for self-employment and better living in the society.



People who have familiarized with information on financial intelligence understand their
income statements and manage financial sheet involving liabilities and assets.



Therefore, information on financial intelligence helps understand the trend of personal
business activities.
Ten Potential uses of financial intelligence knowledge in my career



Awareness of financial intelligence will be helpful in my future entrepreneurship
operations.



First, financial intelligence enlightens on financial affairs and helps analyze the
interaction between human nature and financial markets



Financial intelligence knowledge is used in analyzing credit and debt.



My career will involve interacting with customers and other investors regularly.



Therefore, another use of financial intelligence knowledge is in skill development.



Skills are needed to guide the use of money and that is another focus of financial
intelligence.



In long term development, knowledge of financial intelligence is needed.



As an entrepreneur, I will effectively make business plans based on knowledge of
financial intelligence.



In the manage...


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