Question: Slide 2- Making a financial decision can be an experience that can be beneficial, of it could have devasting effects. It doesn't matter if the
Slide 2- Making a financial decision can be an experience that can be beneficial, of it could have devasting effects. It doesn't matter if the decision is for a fortune 500 company, or for personal use, we all need all the help we can get. This is where knowledge of financial tools and financial management come into play to create value. These financial tools help make informative decisions by leveraging technology and data to better their company to create more capital or revenue (Dancey, 2019). They are the foundation of creating value because they help create value, as well as managing and sustaining it by making value-based decisions. This includes utilizing these tools in the best interest of their shareholders and stakeholders by making financial moves that help instead of hindering the financial portfolio (Ross, 2022). Slide 3- Some of the ways that financial tools create value are by Measuring performance, Strategic Planning, creating trust and transparency, and resource allocation. Slide 4- The best way to make everything equal, whether it is in the corporate world, Academia, or military is to have standardization. Standardization makes sure everyone, and everything, is on the same playing field. When it relates to financial reporting, this is just important, so we are able to compare and contrast similarities and differences of finances through reports. PLEASE DO NOT RESPOND TO BE CONTINUED
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