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    Benefits of Studying Finance

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    Can someone please provide some assistance with a question. Its for a MBA course. Please see attached for information and the question. Thank you so much in advance for your help. I really appreciate it.

    Can someone please provide some assistance with responding to the students Sudip's post below. The question the student answered was: which concepts presented in this course were most important to you? How will this course benefit your personal and/or professional development? What did you find most beneficial about the course? I need help with writing a response to the students post below. My response has to be significant and advanced the discussion and needs to be between 250 and 350 words. Thank you so much in advance for all your help. I really appreciate it!

    Sudip post below
    Business is all about making sound investment decisions and managing a business firm's finances well. It won't be wrong to say that finance is the 'heart' of every business and corporations are no exception in this regard. Every business firm's activity revolves primarily around money or finances. In order for a firm to succeed, it is not sufficient to have the required finances, it is equally important to have a proper financial plan as well as the resources to manage the finances. Of course, this is way complex than it sounds. Even though I have learned much more from this course, concepts as mentioned above are a few concepts which have stood out amongst others. Concepts such as the money today is worth more than tomorrow, the close relation between investments decisions and financial planning, associated risks and rates of returns, techniques and tools used for analysis were few of the many interesting concepts I learned from this course. Interestingly, the higher the rate of return, the riskier the investment becomes. That is why, it is important to monitor the trend, use different methods and tools to analyse and assess the risks before making decisions on whether or not to make investments.
    These above concepts have definitely changed my prospective on how I see finances now. Based on the concept I learned from this course, I am confident that I will be able to manage the finances in more effective way at the personnel level as well as in my professional work. Without a doubt, this course has been one of the most interesting and practical courses that I have under taken so far. On the other side, this was certainly not the easiest course. However, I have enjoyed every bit of it. I liked the phase, the materials and the active participation of colleagues. Above all, our professor has been extremely active and very responsive. The quick comments, responses, guidance have definitely helped me learn a lot and to succeed in this course.
    Having said that, I am also taking another course (Applied Decision Making), which is my last course before my graduation. It's funny that at the beginning, I could not wait to finish my studies thinking that I would feel really good when I finish all the courses. However, as I am approaching the end, I have begun to enjoy the journey instead of the destination ;)
    It's been a pleasure, thank you everyone, you all have been great. Hope to meet some of you during the graduation ceremony in June. Good luck to you all.

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    Solution Preview

    Step 1
    The student rightly says that finance is the "heart' of every business". Finance is essential for the formation of new businesses, and allows businesses to take advantage of opportunities to grow, employ local workers and in turn support other businesses. The student also says that it is important to have a proper financial plan. Financial planning is very important for business. Financial planning includes making sales forecasts, ...

    Solution Summary

    This solution explains the benefits of the course to the student. The sources used are also included in the solution.