Part 1: Financial Acumen
Keeping abreast of the financial measures and metrics employed by a company allows employees to better understand its health and position at any given time. Using your university library (make sure to include a link), other libraries, and/or the Internet:
1. Review at least two (2) articles on financial acuity. Summarize the articles in 300 – 400 words. Use APA formatting throughout including in-text citations and references.
2. Discuss the benefits of establishing solid financial acumen in a company. Discuss your personal experiences in a situation where financial acumen was either not supported as an organizational hallmark or, conversely, was built into the company’s culture.
Part 2: Sarbanes-Oxley (SOX)
Write a 200-word commentary on Sarbanes Oxley and the importance this act has for American businesses today. Your commentary should include the following:
A. Rationale for SOX
B. Provisions of SOX
C. Enforcement of SOX
Instructions
1. Share your main discussion post so that I can post it.
Part 3
2. Read and respond to one (1) of my classmates’ posts. In your response to my classmate, consider comparing cash generation techniques at your company (the one you chose for the main discussion post) versus his or her company. Draw distinctions based on the industry and tell my classmate why those distinctions are necessary for the management of cash flow. Below are additional suggestions on how to respond to my classmate’s main discussion post:
· Ask a probing question, substantiated with additional background information, evidence, or research.
· Share an insight from having read your colleagues’ postings, synthesizing the information to provide new perspectives.
· Offer and support an alternative perspective using readings from the classroom or your research.
· Validate an idea with your own experience and additional research.
· Make a suggestion based on additional evidence drawn from readings or after synthesizing multiple postings.
· Expand on your colleagues’ postings by providing additional insights or contrasting perspectives based on readings and evidence.