Disciplinary Literacy Project

DISCIPLINARY LITERACY PROJECT 11

DisciplinaryLiteracy Project

PartA: DLP Job Ad Analysis Iama student majoring in financeandforthisreason,I will considerthree-job adsthat requirefinancespecialists to undertakethespecifiedroleswithin theorganizationsin question.There shall be a totalof3 jobadverts that requireindividualswhohavemajored in financewhile in college.1.LeadFinancial Analyst- Parker and Lynch Thejobrequiresan individualwhowill supportthePresident, CFO, andotherleadersin financialmanagement.Theskillsrequiredincludefullownershipof balanceSheet projections,results,andanalysis.Thereisa needforfinancial,strategicplanning,quarterlyforecasts,andannualoperatingplan.Experiencerangingbetween 3-5 yearsin a busyfinancialorganizationshall be vitalforthistask.

Thecandidateshould havean undergraduate degreespecializingin Finance andan MBA from a recognizedbusinessschool.Thosewith additionalqualificationin professionalfinancialstudieswill havetheaddedadvantage.2.Baldwin Research Institute- Finance Manager

Theidealcandidateshall be expectedto engagein managingstrategicprojects,developing,andmaintainingstrongfinancialactivitiesto allowthegrowthof thecompany.He/she should beinvolvedin theforecasting, planning,andbudgetingactivitiesof thecompany.

He/sheshall haveto workdirectlywith alldivisional leadersto facilitatefinancialsuccess.He/she shall ensureproperpreparationof annualaudits andtaxreturnsas wellas theimplementation of thebusinessstrategies.

Thecandidatemust be an MBA holderplus a workingexperienceof at least5 yearswhere3 of thesemust havebeenspentin a managerial position.Writtenandverbalcommunicationshall be idealforthesuccessfulcandidate.3.PepsiCo- Finance Senior Manager

Thecandidateshould workwith zonemanagersandsalesaccountantsto facilitateaccurateforecastof regionsales.He/she shall leadtheregionalannualplanningactivitiesto devise a strategyto be followedby therelevantdepartments.

He/sheshall be supportingregionalsalesteamswith performanceinsightson issuesregardingtrendchangesandinnovationsamong others. There shall alsobe identificationanddevelopmentof analysistoolsthat shall enablethecompanyto realizethebusinesspathto undertake.

Theidealcandidatemust havea BS in Finance, Business, orAccounting. MBA graduateswill havetheaddedadvantage.Theindividualmust havea minimumof eight yearsof financialexperiencethat shall enablehim orher to demonstratestrongfinancialanalyticalskills,anddemonstratea commendablelevel of attentiontonecessarydetails.

Basedon theskillsrequiredby the3jobads,itis evidentthatindividualswhomajored in Finance whilein thecollegegainethos by havingan extendedworkingexperiencein reputableorganizations.There is furtherevidenceto provethatFinance majorsmust possessmanagerial andorganizational skillssince theyhaveto workin conjunctionwith others from numerousdepartmentswithin an organization.

Itis clearthatPepsiCo placesmuchemphasison inter-departmental anddivisional coordination as is thecasewith Parker andLynch. Baldwin Research Institute placesmuchemphasison theprospectofhavinga financemanagerthat has beenworkingin a seniorfinancialpositionforat leastthree years.Thesamescenarioof experienceappearsin theadsof theothertwo companieswheretheyallexpecttheidealcandidatesto havetherequiredexperiencethat shall leadthem to expectedresults.

Theideaof havingallroundindividualswhohavefinancialplanning,organizing,andforecasting skillsis highlighted by all thethree companies.Itfollowsthatfinancemajorsshould be ableto utilizetheresourcesof thefirm in a prudentmannerto ensurethattheexpectedratesof growtharerealized.PartB: Annotated Bibliography-Finance

Aebi,V, Sabato, G, andSchmid, M (2012). Riskmanagement,corporate governance, andbankperformancein thefinancialcrisis.Journalof Banking andFinance.36(12), 3213-3226.

Thisarticleconcentrateson theprospectbanksandotherfinancialinstitutionsmakinguseof chiefriskofficers(CROs) in their activitiesto facilitatethepropermanagerial skillswhilefinancialcriseslikethecasein 2007/08. Thefindingsestablishthatbanksthat havehiredtheservicesof CROs whohappensto reportdirectlyto theboardof directorsas opposedto CEOs havethepotential of overcomingthesecrisesbetterthan thosein, which CROs reportdirectlyto theCEOs.

Thearticleconcentrateson whattheboardof directorsshould undertakein thewakeof financialcrises.Financemajorsaretrainedin sucha waythattheyare ableto managenumerouscrisesthat may leadtounprecedented lossesin theorganizationsin, which theyare working.Thearticlehelpsto shedlightregardingthedirectionthat should be takento ensurethatCROs performtheir dutiesto thebenefitof thefirm.Beck, T andDemirguc-Kunt, A (2006). SmallandMedium –sizeenterprises: Access to financeas a growthconstraint.Journalof Banking andFinance.30(11), 2931-2943

Thearticleaddressestheroleplayedby SMEs in economicdevelopmentin variouseconomies.Theauthorsanalyze themainproblemfacingtheir projectedexpansionanddevelopment,which happensto be limitedaccessto finances.Itfollowsthatthere are fewsourcesof externalfinancefortheseenterprises to supporttheir activitiesas expected.Theyare agitatingforinstitutional andfinancialhelpthat is supposedto helptheSMEs to establishthemselves as keydriversof economicgrowth.Theyurgestakeholders to facilitateissueslike factoring andleasing, which theybelievecan helpto facilitategreataccessto financing.

Thearticlecontributesto theethos of myfieldin thesensethatithelpsto bringabout theideathatSMEs are thecurrentdriversof developmentat timewhenunemploymenthas becomerampant.Italsohelpsto figureout thealternative sourcesof financethat haveto be madeavailableforthepeopleconcerned.Financefieldis allabout raising,using,andexpandingtheresourcebaseof theorganizationthusthearticlehelpsto addressthesourceissuesthat will leadto theexpectedgrowth.Berger,A.N, Hassan, I,andZhou, M (2009). Bankownershipandefficiencyin China: What will happenin theworld’slargestnation?Journalof Banking andFinance.33(1), 113-130.

Thearticleconcentrateson thebankingsystemof China wherethegovernmenthas beenbusyin its partialprivatization activities.Thegovernmentis decreasingforeignownershipof thefour dominantbanks.There is evidenceto suggestthatthelocallyownedbanksare themostinefficienttherefore,allowingthispaperto urgetheChinese authoritiesto learnfrom theforeignownershipmechanismsof restoringefficiencyin thelargestbankinginstitutionswithin its boundaries.

Efficiencyis an aspectof greatconcernforthefinancemajorsin thesensethattheyhaveto useitto realizetheset goals.Financeexpertsandmanagersalwaysneedto workin an environmentwheretheyachievehighlevels of efficiencythat actsas catalyststhat enhancetheexpectedgrowth.There are fewcasesof financialwastages in an efficientmanagerial settingthuspavingwayforproperutilization of resourcesthat are vitalforsuccess.Beck,T, Demirguic-Kunt, A, andMerrouche, O (2013) Islamicvs. Conventional banking:Business model,efficiency,andstability.FinanceJournal.24(3), 1201-1287.

Theauthorslookat thedifferencesthat are providedby thesetwo-banking philosophies.Theyareconcernedwith howthetwo modelsare ableto cope with thechangingbankingenvironments,which warrantsomenecessarychanges.TheyarguethatIslamic banksare relativelylesscost-effective comparedto theconventionalbanks.Theyalsoaddthatdespite this,theIslamic bankshavehigh-interrogationratios,high-asset qualityandare alsobettercapitalized than conventionalbanks.It,is, therefore,establishedthatdespite therecentfinancialcrisesandchallenges,Islamic banksare betterpositionforprosperitythan their conventionalcounterparts.

Financialexpertsneedto realizethebankingmodelsto associatewith during challenging financialtimestominimizelosses ininvestmentsandsavings.Theycanadvisetheirsocietieson therightmodelto bankwith under variouscircumstances.Theknowledgeof gaugingthedifferencethat existsbetween thesetwo modelscan be instrumentalin helpingfinancemajorto decidethefutureprofessionalrouteto take.PartC: Major Claims

Financialmajorsare individualswhoarechargedwith numerousresponsibilitiesregardingnumeroustasksthattheyare supposedto undertake.Asdepictedby Berger et al. (2009) financialexpertsneedto havevastknowledgeregardingforecasting andanalysisof their workingenvironments.Theyneedto havedeepunderstandingof theoverall economicsituationssurroundingthem forthem to readthesituationscorrectly thusleadingto informedforecasts.Riskmanagementis vitalin thisprofessionsince theenvironmentin, which operatehas numerousuncertainties.Theseprofessionalsneedto prepareadequatelyon howtheywill be helpingtheir respectivecompaniesto overcomeanyrisksthat may leadto massivefinanciallosses.Aebi et al. (2012) observesthattheremustbefinancialmanagersto developriskandcreditmanagementskillsthat will seethem operatein a mannerthat shall leadto propermitigationof theproblemssurroundingtheir operations.

Becket al. (2013) arguethattheexperienceis extremelyvitalforfinancemajors.Theyneedto goout andgetfirsthand experiencethat shall helpthem to understandthedynamics of their duties.Suchmajorsneedto startoff their careersat thelowestlevels possibleforthem to learnsystematicallywhileon their jobs.Theyhaveto be opento positivecriticismthat shall enablethem to developtheir careerseffectivelythushelpingtheorganizationsto achievetheir set goals(Besley&amp Brigham, 2011). Experienceis essentialin helpingtheseprofessionalsto readsituationsandadvicetheir companieseffectivelythusleadingto theexpectedlevel of success.

Professionalsworkingas financialofficersnormallyperformtheir dutiesin linewith theinstitutional arrangementsin place.Asobservedby Beck andDemirguc-Kunt (2006), thereis a needfortheseindividualsto learntoworkwithin a certainframeworkforthem to realizetheir fullpotential. There is alsoneedforflexibilityin thesensethatall themajorsneedto workon renewingtheir qualificationsby undertakingprofessionalcoursesthat makethem certifiedfinancialprofessionalsandaccountants(Brigham &amp Houston, 2012). Suchadditionalqualificationsallowfinancemajorto joinprofessionalunionsthat helpto set standardsandagitate forthewelfareof its members.PartD: Sub-claims and Concrete Example

Workingexperience,retraining, andtheriskyworkingenvironmentare essentialelementsin theprofessionallifeof financemajor.Workingexperienceenablesone to puthis skillsinto practiceafter graduatingfrom a businessschool.Suchexperiencemakesone to ascendtheladderof leadershipwithin oracross organizationsthusreapingadditionalbenefitsfrom thesame.Retraining involvespursuingof MBAs andcertifiedprofessionalcoursesamong others. Here,a professionalis givenan opportunityto addon additionalskillsthat preparehim forseniormanagerial positionsin thefuture.Wilder (2012) observes that manyorganizationsrequirefinancemajorswhohaveextraqualificationsthat makethem idealforthejobsat stake.Thenotionof workingin an uncertainandriskyenvironmentmakesthisprofessiontobeextremelysensitive.Theemployeesworkingas financeprofessionalshaveto stayalertandfocusedto ensurethattheyperformtheir dutiesas per theexpectations (Warner, 2008). Theideasof predictionsandforecasting haveto be incorporatedin financialdecisionmakingto enabletheorganizationsto havehealthyfinancialstatus.

Asdescribedby Aebi et al. (2009) there is a needto havefinanceofficerswhopossessa combinationof thenecessaryworkingexperience,academicqualifications,andprofessionalcredentials. Itmeansthatfora chieffinanceofficer(CFO) to makeinformeddecisionsregardingrisksthatthecompanyis likelyto face,hemust havebeenworkingin such an environmentforquitesometime.Theprospectof workingforsucha longtimegivesan employee an overviewof howfinancialmanagementandforecasting has to befacilitated(Phifer,2009). Anacademicqualificationlike MBAs givesan employee an extendedinsightof howto approachvariousissuessurroundingtheriskmanagementattributesof thecompany.According to Ho et al. (2007), professionalqualificationslike havinga certifiedriskanalystcan be essentialsince thepersonin questionhas beensubjectedto numerouscasestudiesaddressingthesame.

References

Aebi,V, Sabato, G, andSchmid, M (2012). Riskmanagement,corporate governance, andbankperformancein thefinancialcrisis.Journalof Banking andFinance.36(12), 3213-3226.

Beck,T andDemirguc-Kunt, A (2006). SmallandMedium –sizeenterprises: Access to financeas a growthconstraint.Journalof Banking andFinance.30(11), 2931-2943

Beck,T, Demirguic-Kunt, A, andMerrouche, O (2013) Islamicvs. Conventional banking:Business model,efficiency,andstability

Berger,A.N, Hassan, I,andZhou, M (2009). Bankownershipandefficiencyin China: What will happenin theworld’slargestnation?Journalof Banking andFinance.33(1), 113-130.

Besley,S., &amp Brigham, E. F. (2011). Principlesof finance.Mason, Ohio: South-Western.

Brigham,E. F., &amp Houston, J. F. (2012). Fundamentalsof financial management.Mason, Ohio: South-Western Cengage Learning.

Ho,P. S., &amp Hong Kong University of Science and Technology. (2007).Exploringwriting strategies used by accounting/finance majors at universityand in the workplace.Hong Kong: Language Centre, Hong Kong University of Science andTechnology.

Phifer,P. (2009). Collegemajors &amp careers: A resource guide for effective life planning.New York NY: Ferguson.

Warner,D. (2008). Adisciplinary blueprint for the assessment of information literacy.Westport, Conn: Libraries Unlimited.

Wilder,L. (2012). Rhetoricalstrategies and genre conventions in literary studies: Teaching andwriting in the disciplines.Carbondale: Southern Illinois University Press.