This document discusses the importance of commercial awareness and practical knowledge in the field of business and finance. It also provides tips for interview preparation and highlights the strengths and weaknesses of the author. The document emphasizes the need for effective communication skills and setting achievable goals.
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Running head: BUSINESS AND FINANCE STUDY SKILLS BUSINESS AND FINANCE STUDY SKILLS Name of the Student: Name of the University: Author Note:
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1BUSINESS AND FINANCE STUDY SKILLS Question 3. The first and foremost important skill that I possess is the commercial awareness which is highly important for the persons working in the accountancy firms or in the accounting department of any company. In most of the cases the problem arises due to the inability of meeting the demands of the clients within the tight deadlines. However in my case, it is not the matter because I have in depth knowledge about the constantly changing business trends in the accounting part of business. In addition to this, I have the capability of understanding the different facets of business as I have the interest of business management from very tender age. This is the reason why I have studies concepts and theories related to business from the very beginning and taken different trainings for meeting the expectations of the business organostions where I have worked for more than six years. I have gained knowledge about cost expenditure analysis of the companies and tracking transactions of the firms from long. However, the tenure of working with these firms are very short but I have gained knowledge about the financial management. This aspect of the businesses attracted me highly for which I have enlisted in this course. Here I have gained communication skills, negotiation and time management skills. All of these are transferrable skills and will help me in perusing my career in finance business. However, I think there are some potential areas for development which include my ability to make decisions and set goals that are achievable for me as well as my team members also. I have six years of working experience but these are all practical experiences hence I do not possess theoretical knowledge about the facets of business. Therefore, through this course I shall be able to bridge the gap of my knowledge. Question 6.
2BUSINESS AND FINANCE STUDY SKILLS In order to prepare myself for the university course, I need to prepare myself for the interview because it is essential that I must have the communication ability for detailing my capabilities before the university authority. In order to prepare myself for the real interview I took the help from one of my friends and arranged a mock interview in my home on 23.5.2019. The mock interview question were prepared by my friend because he works as HR in a reputed company therefore, the questions had unique value for me. A)Question 1. Can you tell us something about you? Question 2. Why do you want to enrol in our university course? Question 3. Do you have experience of working in any company? Question 4. Do you think your experience will help you in pursuing this university course? Question 5. What are your strengths? Question 6. What are your weaknesses? Question 7. Which business person you admire the most and why? Question 8. What are your short term and long term goals? Question 9. What makes an effective team? Question 10. Do you have any question for us? B)Answer 1. I am very interested in knowing changing concepts of business each and every year and how the firms are changing their operations to meet the needs of the markets in different parts of the world. I have worked in different forms in last six years, I have gained in depth knowledge about the accounting responsibilities of these corporations. Answer 2.
3BUSINESS AND FINANCE STUDY SKILLS I have six years of working experience these are all practical experiences hence I do not possess theoretical knowledge about the facets of business. Hence I want to enrol in your university course. Answer 3. I have worked in four companies like Boots Property team as the finance assistant and accounts assistant in British Gypsum. I have also worked as an accounts clerk in Nottingham probation office for few months where I have learnt about effective relations across the finance teams and supporting ad hoc accounting duties. Now I have been working as finance and construction site assistant since 2014 till now that has made me capable of building effective working relations with the clients, building controllers, architects and surveyors and the structural engineers. Answer 4. As I have worked in the accounting departments of so many companies, I have gained knowledge about the operations of the firms in different industries. These I think will help me to understand the practical parts of the course. Answer 5. My strength is my educational background that has always help me in working in any challenging situation. My strength also include my ability to remain calm in the problematic situation. In addition to this, I am able to work effectively in the teams and cultural diversified situation. Answer 6. I tend to be disorganised in the past therefore had to work more in one task but now I am trying to be more organised while working in the business corporations.
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4BUSINESS AND FINANCE STUDY SKILLS Answer 7. The leadership style of bill Gates has attracted me for long and how he managed to balance the satisfaction level of the customers as well as his employees is a matter of learning. Answer 8. My short term goal is to enrol in this university course and get placed in the firm I desire within four years. My long term goal is to start my own financial firm within next ten to twelve years. Answer 9. I think, team work is all about trust among the members and dependability where the leaders are capable to motivate the members. They do so by allowing relevant and necessary resources to the team members so that the goals can be achieved. Answer 10. I have learnt that the course gives the opportunity to study abroad and internship in the reputed companies of the world. I have not find details about this in the university website therefore wish to know from you. TAQ 7. Through this particular mock interview I have found out that I possess some strengths and weaknesses. Among the strengths, I pointed out that I was not taking much time to answer the questions. As I have the practical knowledge about the work, I could easily referred them. Therefore, I think, I was quite confident about answering those questions. Among the weaknesses, I have pointed out that my communication with the interviewer were
5BUSINESS AND FINANCE STUDY SKILLS not so effective because there were always a scope for second query about the same question. My interviewer have also pointed out that I needed to work more on the communication process so that the personal and professional experiences of mine get proper exposure. I have worked in different companies but I could not place those properly in my interview. My interviewer had pointed out that I needed to take time to think about the answers before answering. This will enable me to organise the points I could have highlighted in the interview but due to lack of patience I have not mentioned all the pointes in my interview. These all may have enhanced the capabilities and proficiency which can be helping me in my mock or realinterview. My mock interview went well as expected and I have exceptionally found out some of the very important factors about my capabilities. My interviewers as have knowledge about the mentality and psychology of the interviewees, he could effectively judge me on that context. He heard every strengths and weaknesses in me and pointed out each and every factors. He has asked me to take care of sharing my points of view before the interviewers. This is effective because, through my knowledge about myself, I will be able to improve myself in the future. In addition to this, I have forgot to tell about the voluntary tasks I have performed in past which can strengthen my ability to share my knowledge with the team members and experience of working in different industries. I have not mentioned about my short and long goals in detail so that the interviewers from university can understand how much I have the interest of business management from very tender age. Finally, my mock interview has given me the idea that I need to work more on the communication process along with the accounting tasks so that I can be an effective leader in the future.