Financial analysis permits developing and sharpening analytical skills across various business subjects by dealing selectively and intensively with problems in each field. Classroom discussions and serious communications between team members are essential to bring together the participantsí expertise, experience, observations and rules of thumb around the focal point your firms provide. Each member will bring to identifying the central problems, analyzing them, and proposing solutions. The lessons of experience are tested as the member presents and defends his/her analysis against that of other members having different experiences and attitudes gained by working in different jobs.
Perhaps the most important benefit of using real world firms is that they help participants learn the degree of complexity of financial operations a firm must go through, and learn how to ask the right questions. However, since business is not an exact science, there is no single right answer. Rather several viable answers will be developed and supported by defensible analyses.
a. Statement of the problems or decision task.
b. Summary of recommendations, omitting reasons.