Financial Management: Learn Management Control Systems, Budgeting, Accounting Equations and More

Financial Management 1
Financial Management
By [Name]
Course
Professor’s Name
Institution
Location of Institution
Date

Financial Management 2
Financial Management
Going through this unit has taught me different new things concerning financial
management. For example, I have been able to understand various things concerning
management control systems, balance score cards, customer values, shareholder values,
accounting equations, cash budgeting among others. Learning these things will be fundamental
in assisting me to undertake some of the day to day activities in my workplace especially those
concerned with preparation and reporting of financial statements.
The unit has also taught me how to calculate various things that are essential in financial
management such as how to measure financial performance of an organization, how to use
balance scorecards to show how each perspective builds on the previous one. Apart from these
aspects, this unit has enabled me to realize how to use different formulas and techniques to come
up with financial information that is essential in identifying the performance of an organization.
Some of them include how to use capital budgeting technique, how to use inventory costing
methods, bottom up pricing method, among others.
One of the ways that I am using to learn these aspects is through striving to ensure I
attend all lectures and I complete assignments on time. According to Kirk (2013, P. 99), a good
student is the one who ensures he/she does not miss classes due to irrational reasons. For me, I
trust that being present in class and remaining attentive to the tutor is the best way of making me
learn new things. Therefore, I ensure whenever a lesson is in progress, I avoid all distractors that
can affect my ability to comprehend what my tutor teaches.
The other way that I use to learn these things is undertaking individual research. Belo-
Osagie (2012, P. 79) asserts that incorporating intensive research is a good way of learning

Financial Management 3
because it enables a student to find information that can assist him/her to proper understanding of
important concepts of a particular topic or unit. Some of the things that I use to do my research
include the use of google, reading books, journals and so forth.
I also link up with my class mates during our free time to have group discussions. During
the discussions, I request my colleagues to assist me to understand some of the things that seem
challenging such as how to do some of calculations.
One of my priorities as a learner in this unit is to properly manage my time in order to
unsure I am equipped with sufficient information that can assist me to not only pass my exams
but also to attain knowledge that can assist me to succeed in my career. I also prioritize being
attentive in class and asking questions on matters that I do not understand.
One of the challenges that I face as a learner in this unit is lack of sufficient time to revise
some of the things that I find challenging to understand. Considering the fact that this unit
includes both theory and mathematics, a lot of time is required to ensure I go through everything
that I learn to avoid confusions and forgetting (Kuczala 2015, P. 67). Sometimes, getting the
time for research and revision is difficult because there are other essential things that I need to
attend when I am not in class.
According to Aytac & Hatice (2011, P. 67) overcoming weaknesses and building
strengths is important because it makes students to avoid the barriers that are likely to prevent
them from attaining success. One of the ways that I will use to overcome my weakness and build
strength is being good in time management because I have important things that contradict with
the time that I should spend in this unit.