" If you could study a subject you have never had the opportunity to study, what would you choose? Explain, your choice, using specific reason and details."
Finance is applied to all parts of the organization of a business, such as marketing, administration and management. In many organizations, investors pay much attention to financial management as the proverb say “money makes money”. Recently, finance becomes one of the subjects to learn at university and other institutions that people study in order to run a business successfully. If I could study a subject that I have never had the opportunity to study, I would choose Financial Management because it is the heart of an organization, a challenging subject and would help me to make my own business in the future.
First, Financial Management is the heart of an organization, which is like veins working in our body. Businesses will fail if they cannot control cash flows accurately, which include accounting, the company’s capital, owner equity and balance sheets. For example, one of the organizations in my hometown, Siem Reap, called “ Children’s School” did not do accounting correctly. Cash flows are not classified into receivables and expenditures, and as a result, managers did not know where the money is go exactly. Now, the organization is in a difficult financial situation, which makes it difficult to get profits in the future. Investors invest in companies that have stable financial management. Therefore, companies have to have financial statements use the money in each part of their business to build trust is used on it webpage invest in this company. For this reason, Financial Management is the heart of an organization, which is why I would like to study it.
Second, Financial Management is a very challenging subject to learn because this subject requires learners to use numbers and how to think critically. For example, Business people to make the balance sheet of a company and then compare it to the bank’s balance sheet. They need to spend time thinking critically of how to use money. Each amount must be accounted for and it is often challenging for them. Business people also have to do financial planning so that it matches the company’s capital. There are different types of problems that need to solve, such as losing bet, unstable cash flow, the company debt and net profits. Learners need to solve all for these problems and need to check answers over and over. Financial Management is very challenging subject to learn since its requires business people critically about numbers, so this is another reason why I would like to study it.
Finally, learning Financial Management would help me to make my own business in the future. I would know exactly how to use the money for advertisement, maintainability, hiring, renting, and for other expenses. I could make a good plan for long-term financing to support my business such as advertisements, operation processes and capital. For example, it would help me understand whether my accountant was doing a good job or not. Also, it would help me expand my business since I know how to manage money and make financial plans. Learning Financial Management would therefore help me to make my own business in the future.
In conclusion, if I could study a subject that I have never had the opportunity to study, I would choose Financial Management because it is necessary to run an organization. It is a subject that helps business people think critically and helps them manage their businesses. Furthermore, an organization needs to make sure that the financial statements are accurately prepared for part of a business, which helps attract investors. It is also a challenging subject because you have to use numbers and think critically. Furthermore, it would be helpful for me if I wanted to make my own business. Financial Management is a very important subject that business people o study in order to make their businesses successful. For this reason, Financial Management is the heart of an organization, which is why I would like to study it.
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