Financial Management
| Q. Using the CSU Online Library find one article that discusses financial statements, cash flow, or ratio analysis. Briefly summarize the key points of the article as it relates to this unit. You may use any of the databases, but Business Source Complete is a good starting place. |
Textbook: Titman, S., Keown, A. J., & Martin, J. D. (2014). Financial management: Principles and applications (12th ed.). Upper Saddle River, NJ: Pearson.
Answer previewAccounting information is vital for the interpretation of the financial health of the organization. According to Shaalan Jabbar, and Shaalan Jabbar (2018), accounting data can be manipulated through various accounting policies leading to lack of disclosure, transparency, and accountability in the organization. Financial management in addition to the decision making, therefore, needs to include the new mechanisms of financial management to improve the quality of the accounting data (Titman, et al., 2014). Audit procedures are insufficient for identification and control of fraud as the auditor focus to express opinions on the compatibility of the financial reports leading to the need for judiciary experts or accountants to express opinions. Judicial accounting as a profession combines financial expertise investigative skills and the…(350 words)