Financial Accounting

Purpose: Behavioral Finance, Theory & Organizational Effectiveness Discussionexamines behavioral finance and its connection to organizational effectiveness.
Directions: Review Supporting Materials before starting this assignment. Then create
discussion.
Set Yourself Up for Success | Better Results With Grammarly (youtube.com)
CRITICAL THINKING – Cognitive Biases: Mental Accounting [HD] (youtube.com)
Daniel Kahneman: Why We Make Bad Decisions About Money (And What We Can Do About It)
(youtube.com)
Explained: How Is Behavioral Finance Different From Traditional Finance? (Daniel Crosby) (youtube.com)
Before You Decide: 3 Steps To Better Decision Making | Matthew Confer | TEDxOakLawn (youtube.com)
Initial Discussion Directions and Requirements:
Paper Requirements Below: Have headings and subheadings for each section.
answer the questions below:
As you build your initial discussion, briefly discuss the following topics.
1. Behavioral Finance.
2. Mental accounting.
3. Human Bias and Financial Decision Making.
4. Organizational Financial Decision-Making Best Practices.
5. Effective utilization of Financial Resources.
6. Organizational Budgeting Best Practices.
7. Relocation of Funds.
Then answer prompts:
Prompt 1: Provide an in-depth overview of Behavioral Finance and its relationship with
Organizational Effectiveness. Consider managerial decision-making and human bias when
formulating your response. Appraise how organizational leaders make the financial
decisions that are in the organization’s best interest.
Prompt 2: Apprise the best management practices of financial resource management
within the organization context. Discuss and propose a minimum of two best
organizational fiscal management best practices. Provide an example of how the best
practices could be applied to an organization in which you are directly involved or have
been involved in the past.
The suggested page range for the initial discussion post is 2 to 3 pages.
1 to 2 sources per paragraph…….totaling 8 to 10 peer-reviewed supporting sources (can
include sources given) should be included to support any arguments made for this
assignment. APA7.
Source:
Take a moment and review the link for the following article in Prime Matters:
Sacramental or Scientistic?Links to an external site.
As you read the article, consider the questions below:
1. Can faith and science coexist?
2. Do true absolutes exist?
3. How can everything have meaning?
Use 2 additional peer-reviewed sources to justify responses.
Directions: Write a meaningful reflection utilizing the questions above. The reflection
should be 1 to 1.5 pages in length. The reading above is part of the Prayer/Reflection. It is
intended to be guiding materials for discussion responses and should be incorporated
when formulating the initial response. You need to cite and reference the source given to
answer the questions. Be sure to give an adequate answer or specific personal and/or
business related examples (if it applies). Be mindful of grammar, avoid using “such or such
as” throughout the entire paper, be mindful of vocabulary. Be thoughtful in your response.
Use the questions as headings. No title page is needed.