Financial Management for Social Change

This assignment examines the role of finance and financial knowledge in achieving positive social change. It outlines a personal goal of gaining expertise in shares and financial markets to contribute to this change. The document details objectives like practical market experience and enhanced career development, emphasizing the application of learned financial principles for informed investment decisions and impactful business management. It highlights the importance of financial literacy in driving responsible investments and fostering positive societal outcomes.

Managerial finance

1. EXECUTIVE SUMMARY
The information gained from managerial finance has helped me in decision making
for my organisation efficiently and effectively. It is not only limited to just bookkeeping and
checking business accounts, it is more than that. From that I have learned that I should
manage the finance of organisation so that I do not spend more and so I can be prepared for
all the expenditure as well the distribution of profit. The responsibility of managerial finance
affects all the features of the business. It proves that if a company earns good profits and if its
financial management is poor it will not be successful. The financial management has
imposed an effective impact on my role as a financial manager as it has increased the value of
being a manager as I have gained proper knowledge and understanding of this course and it
will help to fulfill my responsibilities and duties towards the organization.
The course has completely changed my perception towards the role and duties of
manger in an organisation. The role of manager is just not extended to managing things of
organisation. But a financial manager has certain roles and duties which he has to perform.
He will check different sources of generating funds and decides where to invest those funds.
He also has the power to change or rebuild the structure of capital of the organization.
Financial management helps managers to bring positive change in the organisation. It
increases the efficiency of managers so they can bring positive impact on morale and attitude
of employees.
Financial management helps in optimum utilization of resources of the society. It
improvers better standards of living of people. The course helped me to learn about financial
tools and techniques, using those techniques wherever required helped me in achieving the
goals easily. Further this knowledge is going to help me future, if any problem or
circumstances occur.

2.. HOW FINANCIAL MANAGEMENT FITS LARGER
MANAGERIAL FRAMEWORK
Overview
Financial management is the most important activity for any organisation. The firm’s
financial resources are concerned with planning, procuring and controlling.
Integrated knowledge about business growth and plan
Business growth comes in many structures and should be precisely arranged and
custom-made to the concerned business. Business growth can mean numerous things
including sales development, showcase extension and business value growth. This course had
provided me learning of use of appropriate channels to advertise (the ways you get items to
your clients) regarding key concentration of sales and business growth. Business Plan is
essential guide to success and with this coursework I will be able to develop roadmap.
Learning provided in this course assisted me in developing strategy for success to guide for
the selected market.
Effectiveness and understanding of managerial finance
Business growth and survival is fully depended on effective financial-management.
Business objectives can be achieved by monitoring financial resources which involves
planning, organizing and controlling. Effective use of resources can be done if there is a good
financial management, fulfilment of commitments, can gain competitive advantage and can
prepare for long-term financial stability. Managerial finance will assist me in developing
better business plans to ensure its clarity and feasibility. Further it will assist me in
monitoring financial position. In addition to this; I will be able to keep accounting records up
to date supported by tax and legal compliances.
Ethical practice for financial management
Ethics are principles in light of creating the best choice. An individual or business
works with the help of these principles. I hold fast to and advocate the following standards
and obligations governing my expert and moral conduct. To the best of my knowledge and
capacity

 I will operate with trustworthiness and integrity. Further; strategic distance will be
maintained to prevent genuine conflicts of concern among individual and practiced
connections.
 The data I provide or consider will be viable, finished, and reliable and justified as per
the concerned objective.
 Standards and directions are agreed by me of elected, state, universal, district and
national governments, and other suitable private laws and codes.
Effect positive social change within the organization
Although, the fact that changes might be an inevitable piece of working together, it
isn't generally embraced with open arms by representatives, chiefs or entrepreneurs. Changes
in business can enable it to remain updated with industry patterns, which make the clients,
attract towards and help in maintaining current clients. The ability of making changes in an
organisation helps workers to get new opportunities. The effectiveness in work comes with
changes, which can make for employees and more fulfilled clients. Worker mentalities and
resolve are affected by positive philosophical changes in an organisation.
3. ACTION PLAN
My goal is to attain the knowledge about the share markets and financial market. I have
chosen this goal as in future I want to work in finance related job. So for that I should have
complete knowledge about the financial market but I have not applied the same in a practice
scenario. The goal is important for me as I lack the knowledge in this field and further my
career depends on this. This knowledge will help me in understanding the share market as I
would like to do job as a stock trader or broker in future. The work of stock trader is to advice
and help people to deal in share market in different shares so I have to aware with the recent
trends related to my business. For that I should have full knowledge about this field and in
future I will apply it in my career field. This will help me to develop me professionally as
well as personally.
Another reason to choose this goal is that, nowadays a lot of scandals and malfunctioning are
taking place in share market. If I will have proper knowledge about the market and leading
misconducts, it will help me to stop future scandals to some extent. This will bring a positive
change in the society. For this various resources are available from which I can gain
knowledge, like from newspaper, attending seminars or by investing in shares itself.

The two objectives for achieving goal are:-
 To gain practical knowledge by practically working in the market
 Develop my knowledge regarding shares and help in enhancing my career
Both of these objectives are the grounds on which I will be able to attain my goal.
GOAL OBJECTIVES TARGET
PROFICIENCY
DEVELOPMENT
OPPORTUNITIES
TIMELINES
To gain
complete
knowledge
about
share and
financial
markets.
To gain
practical
knowledge by
practically
working in the
market
Develop my
knowledge
regarding
shares and help
in enhancing
my career
Practical
knowledge to
implication of
finance.
To attend seminars
related to financial
market awareness
and share market.
To gain knowledge
from newspapers
and media or by
investing in shares.
Approximately
3-4 months
4. SOCIAL CHANGE IMPACT
Liquidity could be attractive to financial specialists since it will be less demanding for a
speculator to get his or her cash from the investment however, I leaned such lesson from the
course and it will help me to take wise decisions for financial management. Including this, I
learned how to calculate financial ratios for a company that I can apply to any business or a
real entity to know about its financial feasibility (Fridson and Alvarez, 2011).
Adding to this, I have learnt how finance is an important part of any organization, particularly
one looking for speculators. For example: in the monetary world, movement demonstrates
how an organization is dealing with its benefits. I can specifically say that I know I can make

best use of financial analysis, in respect to particular business and can contribute to a change.
I can further analysis achievements, funds and patterns and can identify and misconducts held
in financial part of business. During the course, I was aware that funds can be produced from
abroad via two conspicuous sources of capital like as Foreign Direct Investment (FDI) and
Foreign Institutional Investors (FII). This information will help me in future when I will start
my own business, as I will consider various sources, where from I can get money. Proper
investigation of usage of obtained funds is the activity of a money related trough I can
manage finance more accurately. While working in a firm can take care of things as the
financial knowledge gained from this course has helped me to know how I can manage my
personal as well as corporate finance (Zeichnerand Liston, 2013). My knowledge of fund
management will be helpful in assessing funds and contributing in the fund management of
companies where I will probably work, in this manner I could bring social change. I can
advise the firm or a person that regardless of whether their funds are ideally designated. To
finish this task, I must rely upon financial knowledge that I have gained from the course,
tactful and clever (Moon, 2013). I furthermore should understand the requests and necessity
of the individual or the firm and should come up with some deliberately excused plan with
the goal that the last one can appreciate ideally and all this I have learned through course that
is helpful in bringing social change.

REFERENCES
Fridson, M.S., & Alvarez, F., (2011). Financial statement analysis: a practitioners guide.
John Wiley & Sons.
Moon, J.A., (2013). Reflection in learning and professional development: Theory and
practice.Routledge.
Zeichner, K.M., & Liston, D.P., (2013).Reflective teaching: An introduction. Routledge.