HSA4170 RVC 1268

• Original posts should consist of at least 350 words or more (not including spaces).
• Each of your posts (original posts & replies) must demonstrate your understanding of the topic.
• Post should show connections between lecture content, textbook content, and discussion.
• Relate new information with material previously covered in the class as well as with personal experience.
• Discuss at a critical level – don’t just recite facts from your reading, discussion, or Use your mind. Be creative!
• Critical discussion includes your opinion of items mentioned, but also includes the reasons you hold that opinion, and why it may be inconsistent or consistent with what you’ve learned. Justify your reasoning with How does what you’re presenting affect present and future situations?
• Posts that are replicates of other student’s posts will result in a lower grade.
• All posts must be written in standard, edited American APA stye and format applies.

INSTRUCTIONS

1. Explain the role of finance in managing the flow of money into and out of an organization. Provide an example of each type of financial activity.
2. Explain how managers in different areas of an organization can influence its financial performance, even if they do not work in the finance department.
3. Identify and describe the four major components of a financial management system and explain how they support effective financial decision-making.
4. Describe the purpose of pie charts, column charts, run charts, scatter diagrams, and histograms. Give an example of the type of financial or operational information that could be presented using each chart.
5. Explain why managers should understand basic financial information and financial reports when making operational decisions. Provide an example of a management decision that could be improved by using financial information.