This paper was a great learning experience as substantial research had to be done about global financial markets, data analysis, and comparisons of information sources such as conversations with experienced business and finance professionals. Writing the paper was an exercise in time management, ordered thinking, and learning to work with people who provided and analyzed data and turned these into useful information, helping the writer realize that while financial issues look easy, things in the real world can be complicated. This shows the challenges that finance executives face daily.
Raising funds is the easy part, but making funds earn above the average demands the right strategic decisions to increase investment value. Deciding which of several options to choose to raise funds, and monitoring events and forecasting their effects on rates, indices, debt- and stock prices, growth rates, inflation rates, the capacity of customers to buy goods and services, etc. are challenging tasks. There is so much money in the world looking for good investments in the form of good business ideas that a creative mind could produce. No guts, no glory!
The company’ s excess funds can be invested in companies that engage in socially responsible activities or those that do not take advantage of workers in developing countries to make profits by giving sub-standard wages or destroying the environment. This ensures funds are put to good use to benefit the company’ s stakeholders. The CFO can also invest a portion of the profits into projects where employees can participate, such as building houses for the poor or increasing wages of workers to generate goodwill for workers and customers in their home and host countries.
Lastly, employees can be encouraged to speak out when they notice anyone, especially among the managers, engaging in unethical financial and accounting practices. Hopefully, this would avoid another Enron or Tyco in the future.
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