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D076 WGU Finance Skills for Managers AQA
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Finance vs. Accounting - finance is forward looking accounting is backward looking Accounting - recording, reporting, and summarizing past financial information and transactions finance - management and allocation of capital (money) 3 primary areas of finance - business finance investments fi...

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  • February 3, 2024
  • 29
  • 2023/2024
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  • d076 wgu finance skills for managers aqa

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D076 WGU Finance Skills for Managers
AQA
Finance vs. Accounting - ✔✔✔finance is forward looking

accounting is backward looking



Accounting - ✔✔✔recording, reporting, and summarizing past financial information and transactions



finance - ✔✔✔management and allocation of capital (money)



3 primary areas of finance - ✔✔✔business finance

investments

financial institutions



business of finance - ✔✔✔deals with sources of funding



Capital Structure - ✔✔✔the mixture of debt and equity used to finance a firm



Asset Pricing - ✔✔✔The process of valuing assets.



current market value - ✔✔✔What someone would pay right now for an asset.



Which area of finance deals with sources of funding and capital structure of corporations and seeks to
increase the value of a firm to its owners? - ✔✔✔business finance



Utility - ✔✔✔total satisfaction received from consuming goods and services

,Goal of a financial manager? - ✔✔✔to maximize the wealth of the owners, the stockholders



What is the primary aim of personal finance goals? - ✔✔✔To maximize satisfaction from products
purchased and services obtained



What should be the main question a firm asks when considering any investment decision? - ✔✔✔Do
the benefits of this investment outweigh the costs?



What is the primary goal of the financial manager of a firm? - ✔✔✔To maximize owner wealth



Three main tasks that a financial manager of a firm does in order to achieve the goal of the firm, which is
to maximize shareholder wealth. - ✔✔✔making investment decisions,

making financing decisions, and

managing working capital.



Cash Management - ✔✔✔Managing the day-to-day finance operations of a firm.



Financial Policy Implementation - ✔✔✔Incorporating new finance ideas within a firm.



venture capitalists - ✔✔✔make large investments in new ventures in return for an equity stake in the
business



IPO (initial public offering) - ✔✔✔The first time a company sells shares of its stock to the public.



credit analyst - ✔✔✔A bank position which involves deciding who qualifies for a loan and who does
not.

, Which financial career focuses on investing capital into firms whose shares are not currently sold on any
public stock exchange? - ✔✔✔Private Equity



Which task does a financial manager perform when assessing the costs and benefits of potential
projects? - ✔✔✔Making investment decisions



Which task does a financial manager perform when choosing to obtain a loan to purchase a piece of
equipment for a new project? - ✔✔✔Making Financing decisions



What tool can you use to understand your overall personal cash flows? - ✔✔✔Budgeting



What is a reasonable alternative to keeping an emergency stash of cash? - ✔✔✔Investing in a Savings
account



You want to buy a house, so you obtain a mortgage for which you can afford the monthly payments.
What process have you engaged in as part of your financial decision making? - ✔✔✔Financing



What area of finance involves deciding which assets to invest in to create wealth in the future? - ✔✔✔
Investments



Hannah is the financial manager of a firm. A project that she has recommended has been approved and
will cost $5 million. Since the company does not have enough cash on reserve, Hannah must figure out
how to raise enough money to start the project. She can choose whether to issue new bonds, new
stocks, a mortgage loan, or some combination of those options. What task is Hannah performing in this
scenario? - ✔✔✔Making a financing decision



Maria and Mateo are setting financial goals. They decide that they need to save $200 each month to
reach their goal of taking their children to visit their grandparents in Spain next summer. What is the
objective of setting such a goal? - ✔✔✔To maximize individual utility

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