Question

What do you perceive as an immediate threat (or threats) confronting modern organizations now? What about opportunities? Please support your findings using financial references (e.g., Bloomberg, The Financial Times, The Wall Street Journal, The Economist).

There are threats that organizations face every single day. With the rise in technology, a big threat is security. There are several security threats that business can face on their networks – cyber-crime, hacktivists, small-time cons, increasingly compromised web and malware mercenaries, to name a few (Grimes, 2017).

How do you see the financial reporting requirements for companies shifting in 10 to 20 years? Are they going to become more stringent or more relaxed? Are countries across the globe going to standardize their filings into a single system?

I do not see financial reporting requirements for companies becoming more relaxed over the next 10 to 20 years; in fact, I think they will continue to become more stringent. Companies are required to follow Generally Accepted Accounting Principles (GAAP). GAAP is a combination of authoritative standards and are the commonly accepted way of recording and reporting accounting information for a company and/or organization (Kenton, 2018).

What skills and knowledge do you hope to gain in this course, and what are your career goals for your MBA?

While I currently work as a Senior Financial Analyst, I am always looking for ways to improve and I am hoping that this class will teach me things I may not know or have forgotten and allow me to have a better understanding of financial analysis and how to evaluate and look at a company and/or organization better. Knowledge is power!

For chegg: In reference to my above post, find common ground and/or remark on any differences in experience, interests, and goals. Was there anything in my posts that you perhaps had not considered?

Answer 1

A clear common ground exists with regards to experience, interests and goals. Having experience as a ‘senior financial analyst’ the interest clearly lies in financial analysis and evaluation. The goal will be to accelerate career advancement rise in the hierarchy ladder of the corporate world in the long run. The knowledge gained from the course will augment my skills and will make me a more valuable and desirable asset (as an employee) in an organization.

I had not considered the direct relation that exists between advancements in technology and accounting standards like GAAP becoming more stringent. As technologies are advancing rapidly there is a need for better control levels and regulations to minimize the risk of fraud and chances of a security attack. This calls for making accounting regulations like GAAP more stringent in future so that a robust set of controls and checks and balances exist for organizations.