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Finance Essays

Key Distinctions Between Governmental Accounting and For-Profit Financial Accounting

Governmental accounting entails all the processes involved in managing, recording, summarizing, and classifying the government’s financial transactions, including expenditures and income. This information is helpful during resource allocation and decision-making by the government. Governmental accounting needs to meet the needs of internal and external users. Internal users include government managers who need information concerning available ... Read More
Pages: 11       Words: 3016

Essay on Profit Maximization

In economics, profit is the difference between a firm’s revenue and the costs it incurs to produce goods or services (Begg et al., 2020). The main goal of any business is to generate profits, which can be used to reinvest in the business, pay shareholders, or provide other benefits for the owners. Two main models ... Read More
Pages: 3       Words: 609
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Cost-Benefit Analysis of Immaculate Medical Center

Abstract This paper is on Cost Benefit Analysis (CBA) of Immaculate Medical Center (IMC). To plan for changes, IMC is using the cost-benefit analysis. The purpose of the CBA is to predict whether planned changes in the operations at the Hospital are cost-effective. If the cost outweighs the benefits, the project should not be undertaken. ... Read More
Pages: 9       Words: 2411

Communication Skills Are Essential to Being a Successful Accountant; Discuss Three Soft Skills Necessary for Today’s Professionals

Introduction Like other professionals, accountants are required to have soft skills besides the technical and specialized skills that significantly assist in effectively and successfully performing their job in different contexts. According to Berry & Routon (2020), Soft skills are fundamental for development as an accountant due to playing a significant role in improving workplace communication ... Read More
Pages: 10       Words: 2560

Budget Negotiations and Communication

Healthcare prosperity relies on efficient budgeting and communication. Communication is crucial in the healthcare workplace since it is essential in making decisions and actions (Helmold et al., 2022). Healthcare facilities provide quality health to individuals while maximizing returns and minimizing expenditures. Quality care delivery determines the patient’s retention in a health facility. Poor quality health ... Read More
Pages: 4       Words: 1062

Blockchain Solution Development

Introduction The term “blockchain” is quickly becoming one of the most popular buzzwords in the world of medical technology. There is a valid explanation for this. In simple terms, blockchain technology can completely transform the healthcare industry. Patients will be able to take their rightful place at the heart of all procedures once it is ... Read More
Pages: 9       Words: 2459

Blockchain Application in the Supply Chain and Logistics, and Implications for Kuwait

Abstract Blockchain technology is a digital ledger of decentralized data management that can be securely distributed. It is possible to collect, integrate and share data from multiple sources through blockchains. Blockchain technology is applied in money transfers, smart contracts, logistics, and personal identity security. The application of blockchain technology has been embraced over time in ... Read More
Pages: 11       Words: 2788

Beta and Capital Budgeting (Yahoo)

Yahoo’s media model is a crucial part of the Yahoo network. For anyone interested in the financial markets, this website provides easy access to market data, expert analysis, and breaking news. The financial report includes commentary and data, media releases, and original content. The application also gives users access to the online tools necessary for ... Read More
Pages: 3       Words: 636

Using Accounting Information for Decision Making—Financial Information and Budgets

Introduction The need for financial information for decision-making necessitates the preparation of various financial statements to provide the business owners, potential investors, and other interested parties with information about the performance of the business (Cioca, 2020). To meet different decision makers’ diverse financial information needs, accountants prepare four basic financial statements that summarize the business’s ... Read More
Pages: 6       Words: 1409

The Impact of Technology on the Future of Banking

Introduction to The Case Study Banking institutions are fundamentally challenged to maintain competitiveness amidst an increasingly digitally focused market and changing customer expectations. In fact, all strategic players in the banking sector are now coming to the realization that next-generation banking clients will be the major profit pool a few years from now. “The Comerz ... Read More
Pages: 4       Words: 968

Starbucks’s Cash Flow Analysis

Introduction A company’s cash flow statement offers information regarding the firm’s cash payments and cash receipts during the accounting period. It shows how the cash flows are connected to the result cash balance to the starting balance indicated on the firm’s balance sheet. Potential investors in Starbucks may find it essential to conduct a cash ... Read More
Pages: 4       Words: 886

Risk Management in the Banking Sector

Introduction Like other businesses, Banks face multiple risks. However, due to the strategic importance of the banking sector to the economy and the government’s involvement in risk control, risk management in banking is heavier than in other industries. Understanding the real risk is critical to effective risk management. The main types of risks that banks ... Read More
Pages: 11       Words: 2944

Reason Why Banks Are Potentially Failing

The closure of an incompetent bank by a state or federal authority is a bank failure. Closing national banks is within the purview of the comptroller of the currency; closing state-chartered banks falls under the ambit of the relevant state’s banking commissioner. When a bank cannot fulfill its responsibilities to its customers and other parties, ... Read More
Pages: 5       Words: 1354

Personal Retirement Plan

Introduction Saving for retirement is the most fulfilling approach for many individuals and families during their retirement. Excellent and successful retirement packages enable individuals and families to meet their needs as before. Individuals can undertake various retirement saving plans to maintain or secure their lifestyle during retirement. For instance, personal retirement plans are managed or ... Read More
Pages: 7       Words: 1923

Microfinance and Its Impact on Women and Children

Introduction Finance is an evolving concept globally, and several factors drive the change we witness in the financial world. So integral is finance in the everyday world that it is a factor that significantly plays a role in discrimination. Most marginalized groups today suffer from poverty and inequality, all of these fueled by their financial ... Read More
Pages: 8       Words: 2167
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