Discussion: Foundations of Finance

 

Getting Started

Understanding the foundations of finance is an essential building block for other concepts and principles presented in this class. A solid grasp will help you in your career and life in general.

Upon successful completion of the course material, you will be able to:

• Describe the importance of the five basic principles of finance and why ethics and trust are also essential elements of the business world.
• Apply biblical truth to the financial decisions that managers make.

Resources

• Bible
• Textbook: Foundations of Financial Management
• Website: Connect

Background Information

Understanding how biblical truth relates to the concepts and principles taught in this class is important to your formation as a manager and a person. In recent years, you have heard and read about many ethical and moral failures that has eroded public trust in business and finance. Leaders and managers involved in the events at Enron, WorldCom, HealthSouth, and others have had their careers and lives ruined because they didn’t have clear ethical boundaries and were not guided by God’s truth.

Instructions

1. Review the rubric to make sure you understand the criteria for earning your grade.
2. Review Chapter 1 in Foundations of Financial Management. As you read this chapter, pay close attention to the description of the five basic principles of finance. Also, consider the importance of ethics and trust to the world of business.
3. Review the videos and other learning support resources for this week’s assignments in the Connect Multimedia Library to help further understanding.
4. Refer to the Bible for verses that related to the five basic principles of finance.
5. Navigate to the threaded discussion and respond to the following:   

   Describe why ethics and trust are essential elements of the business world.   
   Identify one verse or short passage of scripture that supports one of the five basic principles of finance and explain why you chose that verse or passage.

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6. Your initial post is due by the end of the fourth day of the workshop. Your response should be 200 to 300 words in length and include one academic source that is properly cited.

   For questions on APA style, go to OCLS APA Writing Style Guides.

7. Read and respond to at least two of your classmates’ postings, as well as all follow-up instructor questions directed to you, by the end of the workshop. Each response should be at least 100 words and include one academic source that is properly cited.
8. Your postings should also:

   Be well developed by providing clear answers with evidence of critical thinking.
   Add greater depth to the discussion by introducing new ideas.
   Provide clarification to classmates’ questions and provide insight into the discussion.