Finance Tools for Managers

Junior (College 3rd year) ・Finance ・MLA ・2 Sources

I have always had a high aspiration to successfully manage my business projects and control all my finances as well as develop efficient business-related strategies which will help me become one of the most successful businesspersons in the world. To achieve this, I need to study a finance unit course to get skills and necessary knowledge that will assist me in making informed and better business decisions that are going to help me in the corporate world of operations after completing my business management degree. Through finance unit, I will be able to understand how companies raise and spend their money while in investment as well as differentiating between bad and good stocks (Banks, 2016, p. 621). Also, finance will help me to learn derivative securities which include cover, taking and managing risks. All this general knowledge gained from finance unit will help me develop professionally and be able to make the best management decisions in future career.

After viewing the videos, the first concept learned is how to use Microsoft Excel in organizing client sales, conducting financial analysis, budgeting, forecasting and making plans for business decisions (Cornett et al., 2016, p. 119). The second concept is about primary buttons employed in financial calculators which include, the ‘N’ Button for number of payments, button ‘I’ for interest, ‘PMT’ button for payment, ‘PV’ button for the amount of loan or present amount, and finally ‘FV’ button for the future value. The last concept is about the four facets of finance which include academic finance, careers in finance, personal finance, and business finance (Cornett et al., 2016, p. 339). Microsoft Excel can help managers to put their budget in perspective and enabling managers to visualize inflow and outflow of their income. It also enables managers to represent information through charts, tables, and timelines for easy interpretation of information. On the other side, financial calculators help Managers to control, manage and plan their finances.


Banks, E. (2016). Finance: the basics. Abingdon, Oxon: Routledge.

Cornett, M. M., Adair, T. A., & Nofsinger, J. R. (2016). Finance. New York, N.Y.: McGraw-Hill/Irwin.

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