Personal statement Example | Topics and Well Written Essays - 500 words - 51

Personal Statement useThe knowledge obtained by combining management and financial study is essential as it facilitates the development of strategical decisions. At the same cartridge clip, the two disciplines ensure effective adoption and implementation of policies and plans aimed at achieving the organisations objectives.Asset apportioning is one of the fields where management and financial strategy are often intertwined. This investment strategy involves creating a balance between risk and reward by adjusting the percentage of an asset. Therefore, critical thinking that is a skill obtained in management is signifi lavatoryt in determining businesss risk tolerance, goals and investment time frame (Pandey 200970). Moreover, the external environment is often bombarded with break throughs such as inflation. Inflation is a current issue that can cause significant distortions in the economy. A market that is experiencing inflation discourages savings, reduces economic growth and c an discourage investors. Management cannot rely on their knowledge regarding the market. Therefore, management would be expected to conduct look for on the environmental forces that would affect its resources and thus inhibit the achievement of the set objectives. When it comes to inflation, management is expected to expend its financial tools so as to come up with an effective financial strategy that would ensure the trustys success.Studying finance is important as it enables a manager to ensure proper apportioning of money. The business operates in a financial environment in which there are a constant quantity inflow and outflow of money. Without proper financial management, a home would be inefficient to account correctly for the financial resources available. For example, if a small business took a small loan and used it to finance its unyielding assets. The short loan is a liability that has to be paid back within one year. However, the firm may find it difficult to sel l the assets within one year. The company may find itself unable to pay