Based on the content covered in Week 1 and 2, Chapters 1 through 4, students are to conduct an in-depth understanding of finance, business structures, governance, economics, and accounting processing. Students should address the following:

1. Brief summary of what finance can do for business organizations.

2. Describe challenges that finance managers will face due to economic issues. Provide examples from a microeconomic and macroeconomic stance.

3. Finally, describe the difference between cash and accrual accounting. Provide examples of how a company will recognize sales and expenses between the two types and its impact on cash-flow.