Discussion 1
After reviewing all the material for the week, share in your own words (with at least two in-text citations to indicate the origin of your information), the meaning of the concept of Total Rewards and describe how it differs from the traditional approach to compensation.
Discussion 2
Give an example for each of the following: demographic shifts, globalization, technology, competitive forces and for each, share what you have discovered as an impact of total rewards (provide at least one reference and don't forget to use in-text citations).
Discussion 3
Demonstrate the critical link of strategic objectives to rewards by giving an example from either the organization where you work or one that you know.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.
Topic 1
We look at the finance environment this week to see how money flows from investors to companies so they can buy assets and finance their operations. We also look at how financial statements can be used to see what assets the company has purchased, the level of debt and equity and where cash comes from and where it is spent.
STUDY:
• Markets (capital, money)
• Forms of business organization
• Business managers vs. finance managers
• Financial Statements and Statement of Cash Flows
• Ethics
READ:
1) Module 1: Finance and financial Performance (Click Content - Course Resources -Financial Performance Module and Read Commentary)
• Introduction to Financial Management
• Standard Financial Reporting
2) Course Text : Boundless Finance Online Text
(A PDF of the Boundless Text may also be found in Leo under Content > Syllabus)
• Chapter 1- Introduction to the Field and Goals of Financial Management
• Chapter 2: Financial Statements, Taxes, and Cash Flow
3) "Choose your Organization Structure"
VIEW and Review:
• Bean Counting 101 (Parts 1 and 2)
A Free Accounting Course for Non-Accountants by Arnold S. Grundvig, Jr.
• For a good overview and introduction to finance please see this youtube video: "William Ackman: Everything You Need to Know About Finance and Investing in Under an Hour"
Suppose a group of accountants wanted to start their own accounting company. What are the various organizational forms of business they could choose? Describe the strengths and weaknesses of each model. Give your recommendation of which model would be best suited for a group of accountants and WHY?