Learning journal unit 1 2203 PDF

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Learning journal unit 1

What skills and knowledge do you hope to obtain by taking a Principles of Finance course?

Firstly, principles of finance act as a suggestion for the investment and funding call. monetary managers take in operation, investment, and funding choices. A number of this associated with the short term and a few futures. People who perceive the principles of cash and banking are a lot of possibilities to steer happy, successful, fulfilling lives than those that stay ignorant concerning them. Wright, R.E. & Quadrini, V. (2009). Accounting centers on the gathering and analysis of economic data. Finance is involved with the implications that arise from using numerous cash management methods. Whereas an accountant or businessperson would get to research monetary knowledge to supply a report, a finance professional would be in alternative words, finance helps us to create higher selections with our cash and accounting permits us to stay track of it. you utilize finance in infinite everyday monetary eventualities, such as: Making a budget for your groceries: Considering whether or not to pay your Mastercard balance is fully monthly.

The principle of finance is a subject I love and I pray to God Almighty to grant me great success in all my grades. When I was going to secondary school people just trust me to keep their money for them even when in the mosque by then, they will always choose me to be the finance officer I don’t know what they see in me by that early age, I even used to save for adult by then. I know am a trustworthy person but I think they see potential in me about finance. When am through, secondary school I decided to study diploma in accounting and finance, In the end, I find myself in finance? Even now that have become a Christian, the pastor has appointed me to be the finance officer, this time around I even ask the pastor why she chooses me if she asks God and she said she did and I ask her to ask God again. I decided to study the principle of finance because am planning to have my own business in the future with the help of the Almighty God. I know and believe by studying this subject will help me a lot and with your help professor. I really appreciate the way you are interacting with us in the discussion forum that is a good start for us. Thank you, ma may the Almighty God continue to strengthen, you in Jesus's Name.

Furthermore, in my reading assignment I have learned a lot about finance, how will the cognitive content of the principles of cash and banking destroy our dreams? How will information on the principles of cash and banking assist us to attain our dreams? That is very interesting, I have learned a great deal concerning cash, inflation, interchange, rate of interest, and therefore the role of the banking

industry. I even have learned that cash replaced the barter commercialism system as a result of it had been convenient and accepted globally. Wright & Quadrini 2009. I also learn about the financial system and why we need it, A finance economy is additionally a densely interconnected network of monetary intermediaries, facilitators, and markets that serve 3 major purposes: allocating capital, sharing risks, and facilitating intertemporal trade. Wright, R.E. & Quadrini, V. (2009).

I have conjointly need to study the importance of a banking industry particularly in availing loans and a secure place to save lots of cash (Wright & Quadrini 2009). I perpetually had the thought that banks charge heaps of cash once one desires to require a loan however, I failed to perceive that there are factors that have an effect on the interest of loans. Banks everywhere the globe are ruled by their central banks and that they monitor and implement interest rates charged. this information has done a good deal in my life and that I believe it'll facilitate or build me up, and help me to make wise decisions in my monetary life. The skills and knowledge that I hope to get during this course are the principles of cash. for instance, I'd prefer to apprehend additional concerning the income principle that talks concerning the money flow and outflow and also

Expect to develop a number of these skills:

Working budgets.

Negotiating contracts and terms.

Presenting monetary reports.

Business communication.

Technical writing.

Stock market analysis.

Risk management.

Finally Studying finance will prepare you not just for careers within the money services sector, however conjointly for tasks in your way of life. Students considering learning finance will take many alternative routes. An academic degree in finance, for instance, will prepare you to figure in company and government money management, banking, and money designing. and since finance revolves around designing and analysis, learning finance and changing into a lot of money literate allows folks to create higher personal financial selections.

Reference

Wright, R.E. & Quadrini, V. (2009). Money and Banking. Saylor Foundation. Licensed under Creative Commons Attribution-Noncommercial-Share Alike CC BY-NC-SA 3.0 license. Available from: https://www.saylor.org/site/textbooks/Money%20and%20Banking.pdf...