Discuss how they may impact the work you do now and your future career goals.
This course has helped me gain knowledge and skills that are crucial to my work. Currently, I
manage a consultancy and training firm focusing on construction companies. We provide
training to help our clients manage their budget or finances properly and attain profits.
Consequently, understanding the concepts like capital budgeting decisions, capital structure, cash
flow analysis, depreciation benefits, and income tax was essential.
Most construction projects require capital budgeting and cash flow analysis to evaluate the
profitability of a project (Kenton, 2020). Capital budgeting deals with a long-term investment
like purchasing machinery or equipment. Which analysis method to use and for what conditions
is vital to make the correct decision. This course helped me to grow my understanding of this
area. Furthermore, most companies require a loan to make capital purchases this will change the
capital structure of the firm. Hence, finding an optimal capital structure that is a mix of debts and
equity is an important lesson I took from this course.
Understanding the pros and cons of these financial tools is very important. For instance, we
should not use a cash flow statement alone to assess the profitability and liquidity of a firm rather
we should use it with an income statement. This type of deeper understanding of financial
statements helps to utilize the financial statements properly to evaluate the financial health of a
firm and even make comparisons with industry competitors and make a knowledgeable decision.
Our government is implementing laws and policies that will allow the securities exchange
market. This might open up the possibility for private companies to go public and raise sufficient
capital. The knowledge I gained in this course regarding the issuance of a public offering and its
impact on the firm's privacy, capital structure, and legal structure will be vital to have a
competitive edge.
Lessons learned from my peers
I have learned a lot from my peers' posts and feedback. This is especially true regarding concepts
like stocks, bonds, and business mergers. There is a difference between presenting a work based
on your research and based on experience. Since I don't have experience with stocks, bonds, and
business mergers I learned a lot from other students who had experience dealing with them.
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