My dream job is to be a financial manager. I love the idea of managing the finances of individuals or organizations. Having a sharp interest in the micro- and macro-economic currents around the world, the various markets -- from bonds to equities to derivatives to currencies -- and the way in which events impact valuations, I enjoy the thought of being able to manage assets in a world where the risk-reward relationship is fraught with peril. It is a role the demands an executive level of commitment, foresight, caution, scope and care. My personality type, as indicated by 16 Personalities is ESTJ -- "The Executive" personality. According to the Myers-Briggs Type Indicator ESTJ stands for Extraversion, Sensing, Thinking and Judgment. In other words, my personality is such that I am an extravert (I am outgoing and expressive), I am able to sense what is going on around me, I am thoughtful, and I am capable of making judgments. These are all qualities that fit with the Executive type of personality -- which is perfect for what I want to do in terms of a career: I want to be the one to make executive decisions regarding assets, sales, purchases, and so on.In...
As 16 Personalities points out, "ESTJs are representatives of tradition and order, utilizing their understanding of what is right, wrong and socially acceptable to bring families and communities together." Bringing families and communities may not seem like something that a financial manager would do -- but it actually is something he would facilitate -- especially if he is successful at his job. The better one manages a fund, the more the contributors to that fund are able to enjoy their wealth, spend time with their families, and contribute to their communities. Being a good financial manager takes a special personality -- an executive type personality -- and that is why I feel I am enrolled in the right major for my dream job.
Despite this fundamental difference, financial and compliance managers work together as healthcare organizations make decisions to lower cost, increase revenue, and improve care. The concept of lowering cost while improving care presents a complex demand, and requires both financial and compliance officers to possess fundamental management knowledge, and similar professional skills in order to implement accounting and ethical standards (Buelow, et al. 2010). For example, a legal requirement or
Financial managers and CEO's play important roles in ensuring that organizations meet their specific goals. The skill levels for both positions are high and require a great deal of patience and experience. The purpose of this discussion is to determine whether being a financial manager is the best preparation for later becoming a CEO. Role of the Financial Manager According to the Bureau of Labor, financial managers must have a bachelor's degree
Financial Scandals and Management Financial Management Management Financial Actions, Controls, and Decisions Financial Scandals and Management Following the rise of financial scandals in the recent past, external and internal audits are carried out to review the management's financial controls and actions, and keep tab of the outside and internal auditors. However, despite the best efforts, accounting scandals like the Cendant Corporation's $300 million bogus revenue indicate that external auditors and managers are not doing
Having this traditional silo-structured environment makes it very difficult to properly develop a curriculum surrounding service management. Because of this there is a significant gap that exists between the education received by business school graduates and the skills that they need to succeed in today's service heavy environment. Non-traditional Business Skills and Tactics Nontraditional business skills are often referred to as soft skills or people skills. These consist of the ability
Accounting 201 and Finance301: Accounting 201 Discussion Question: Discuss FASB and IASB. Comment on at least two specific aspects of the two standard setting boards and their role in setting accounting standards. Also, watch 2 provided YouTube videos and post comments. FASB and IASB The Financial Accounting Standards Board (FASB) was established in 1973 to set and improve accounting and reporting standards for private sector U.S. entities (Financial Accounting Standards Board, n.d.). Though the
Money Management Basic financial literacy is sorely lacking in today's America, and the results affect us all. For some, basic financial literacy is a personal issue, and it is that, but it is also a social issue because high debt levels affect everybody when they contribute to economic volatility. Malcolm (2013) notes that the standards of education in money management tend to be low, which leads people with incoherent savings plans.
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