Accounting Blog for Business
Posted by D&V Accounting Services
Feb 27, 2015 8:17:00 AM
Financial analysis is a very crucial activity in finance decision making. It can help companies to identify where they should place their financial resources, what are the opportunities that can be tapped and what are the scenarios that a company needs to avoid. However, not all has the luxury of time to conduct their own in-depth research about what is going on right now in the economy. This is where financial analysts come in.
The year that was – 2014 and the Global Economy
The world saw a lot of twists and turns in the past year. While most of the world suffered setbacks during the first quarter of 2014, economies around the world had different paths for the remainder of 2014. Major economies such as the US, Canada, Australia, Japan Russia and advanced European Countries are still suffering from slow economic recovery with growth rates at 0-4%. However Africa, China, and the Asia Pacific region is still showing strong growth with rates at 5% or higher. In addition to these conditions, the recent drop in oil prices during the last quarter of 2014, among other things (such as the ASEAN 2015 Integration, Greece Elections, UK Referendum, Ukrainian Crisis, etc.) could turn things around once again.
What can a financial analyst do for you?
With this very unpredictable economy, it is hard for businesses to see what they should do next and where to exert their resources. Financial Analysts are experts providing information and knowledge to their clients about the things they need to look at and do to attain their goals. They also analyse both microeconomic and macroeconomic conditions, keeping in mind your company’s needs, in order to make business and industry recommendations.
How can financial analysts help you in making tough decisions?
It is one of the primary tasks of financial analysts to help companies to identify where they should place their financial resources, what are the opportunities that can be tapped and what are the scenarios that a company needs to avoid. They use their academic and professional knowledge in analysing finance and economic conditions to help you decide for the betterment of your company. With their analytic mind, they come up with business recommendations that aims to help you get the most of the present conditions and provide you with the possible outcome of your current business plans. Financial Analysts are here to guide you and your company through thick and thin to achieve your financial, business and industrial goals.
Many business owners ignore the importance of financial analysts to help them, but those who recognise the need for one are those who get through difficult times and take their business to the next level. If you are now seeing the importance of financial analyst, why not get in touch with our experts at D&V Philippines?