FIN 320 Project One Financial Analyst Job Aid

FIN 320 Project One Financial Analyst Job Aid Financial Responsibilities  The financial analyst is responsible for reconciling accounts receivable to accounts payable in order to understand the financial condition of the company's data.  Create and maintain forecasting financial models for the company profits  Work with the department to compare and research data to see business specific trends in the field.  Provide supporting documents to associate risk with the current investment decisions.  Review the historical data and compare to the current fiscal years to see any trends in profit and loss.  Review grant opportunities and prepare documentation to be submitted for review.  Maintain reports to show the company's strong and/or weak points to support any strategic decisions to be made. Financial Management Decisions Based on the information provided from the financial analyst, the company will be able to decide what products are doing well and which ones are not. From there we can review the cost of goods sold and determine if said products are worth offering. In short, these data filled reports can help make sure that we continue to make the best decisions in our offerings to stay within the profit margin that we desire. Without this strategic planning and reporting, we could potentially harm the business by increasing our losses. Proper knowledge of our trends and stats will make sure that we can see where this is opportunity for growth, and where we need to remove some losses. Accounting Principles [In this section, explain how to use accounting principles to analyze a business's financial health. Give examples to support your claims. Write a brief paragraph that explains how financial analysts use accounting principles to analyze a business's financial health. In your paragraph, also answer the following questions:  What accounting information do financial analysts use?  What would happen if that information was not available or was not accurate?] Financial Statements [In this section, describe how to use financial statements to help businesses make finance-related decisions. Give examples to support your claims. Think about how financial analysts identify the information contained in financial statements. Then write a brief paragraph that answers the following questions. Use examples to support your claims.  What do financial analysts need to do their job?

 What types of finance-related business decisions would this information help businesses to make?] Financial Terminology [In this section, explain how a financial analyst uses key financial terms every day. Make sure your response is clear and easy to understand. Define each term listed below. Then, for each term, write one or two sentences showing how a financial analyst might use the term. In your response, imagine the analyst is communicating with management, helping them make an important decision.]  Financial statement o Definition: [Insert definition.] o How this is used: [Insert explanation.]  Liquidity o Definition: [Insert definition.] o How this is used: [Insert explanation.]  Working capital o Definition: [Insert definition.] o How this is used: [Insert explanation.]  Diversification o Definition: [Insert definition.] o How this is used: [Insert explanation.]  Time value of money o Definition: [Insert definition.] o How this is used: [Insert explanation.] References Titman, S., Keown, A. J., & Martin, J. D. (n.d.). Financial management: Principles and applications, 13th edition . Financial Management: Principles and Applications. Retrieved November 9, 2022, from https://www.pearson.com/en-us/subject-catalog/p/financial- management-principles-and-applications/P200000006429/9780136879848 Shweta, & Bottorff, C. (2022, June 16). Financial analyst job description (2022) . Forbes. Retrieved November 14, 2022, from https://www.forbes.com/advisor/business/financial- analyst-job-description/