[Author’s Name]
[Institution’s Name]
Introduction
The main perspective of this assignment is to analyze the two different jobs from different standpoints in total. Obviously, it is important to consider the things effectively and move with a perfect pace. In the next section, we will start the conversation with financial analysis, opportunity analysis, their linkage and then the personal finance comprehensively. The two jobs which have been selected for the same purpose are Financial Analyst and Opportunity Cost Analyst and different provisions would have been taken into account to complete this particular job in a perfect manner.
Main Body
Education
At Least a Masters Degree is required for the same. I have a masters degree and I am capable to apply for the job accordingly
Aptitude
I have to approach effective and positive attitude to accomplish this job in a pertinent manner
Salary Expectation
I have a salary expectation of at least 4,000$ per month
I was a financial Analyst before and now applying for opportunity cost analyst and I am analyzing both of these jobs from different standpoints.
Financial Analysis: Short and Snappy Outlook
Analysis which is used to assess or analyze the financials of a company is known as “Financial Analysis”. It is one of the most important analytical techniques which is used specifically for analyzing the financial based competitiveness of a company (David & Cravens, 2002). Financial analysis is basically referred to a tool, which is used to compare the financial health of the peer companies (Guillermo D'Andrea, 2001). Investors take this ratio into analysis, through which it is found the actual worth of the company in which they are wishing to park their money. Almost every researcher and analyst use this particular financial analysis tool because, it is essential to strengthen the company instead identifying the loopholes of the company. With this particular tool, researchers, analysts and other major things could analyze the financial power of an organization (Helen Meek, 2012). Financial Analysis is actually a technique, in which near future, they would appreciate. Almost all the big companies are now hiring part time Financial Analyst in order to analyze the effectiveness of the company (Helen Meek, 2012). That is why the stance and essence of utilizing this particular tool which particularly referred to analyzing the financial health in total. The lines of ratios have been divided into different sections, like profitability, efficiency, and other advantages for companies which are essential to bring economic prosperity in total. There is a strong and positive relationship between financial/economic analysis and opportunity analysis as well (Helen Meek, 2012).
What Opportunity Cost is all about?
Finance is basically a partition and two important things which predominantly are accounting and economics and both of these provisions are essential for an organization in total. Among number of effective and important concepts of the term finance, the name of opportunity cost is one of them, which deems extremely important and vital from different standpoints (Helen Meek, 2012).
Theoretically, any alternative cost that must e foregone in order to pursue a certain action in consequence, is known as Opportunity Cost (Helen Meek, 2012). Opportunity Cost is an economic based concept, rather than a financial based concept. According to the macroeconomic theory, opportunity cost is basically a choice of a value of the best alternative which has been forgone in a situation in which a specific choice needs to be made several mutually exclusive alternatives (Jim Blyth, 2005). One of the major definition determined from New Oxford American Dictionary about Opportunity Cost is that, “A loss of the potential gain from other alternatives when one alternative is chosen is known as Opportunity Cost”
The concept of Opportunity based Cost is one of the essential ones come under the ambit of finance and it is deems as an important thing to analyze and value a thing effectively. There are number of concepts which founds the relationship between financial analysis in the opportunity cost analysis, and in the next section the same thing would be analyzed broadly (Isobel Doole, 2008).
Comparison and Contrast in my Jobs
Lots of People and Analysts, analyzes Opportunity Cost as Opportunity Analysis which is again the same thing. Opportunity Analysis is the name of gaining the benefit of a single alternative by rejecting the other one in total. It is again an important provision on which the entire theme of financial management depends upon effectively (Isobel Doole, 2008).
Financial Analysis and Opportunity Analysis are the two sides of a same picture because the concepts lie behind both of these things are almost identical to each other. The idea of fitting the financial analysis in the opportunity analysis is absolutely right because financial analysis could be used to analyze the opportunity for a company to increase its financial or net income belongings (Isobel Doole, 2008).
Financial Analysis has a different tastes for its motley users, as for the bankers, it has different drams and opportunity costs, while in having investors it has different (Isobel Doole, 2008). Financial Analysis which is basically used for analyzing the financial performance of a company to park the money for investment purpose and analyzing the financial loopholes of a company could be effectively put in the opportunity analysis section, because any investor which is wishing to analyzing the competing position of a company in terms is actually analyzing different opportunities of investment and when they find any effective opportunity, then they will certainly avail the same (Isobel Doole, 2008). Financial Analysis which also used to assess the loopholes of a company could also be finding as an opportunity analysis in terms of analyzing the loophole of a company from one aspect and then sets out the behavior for the second one in total (Isobel Doole, 2008). Apart from the investors and organizations, bankers, government institution or lender have different point of view about the financial analysis but all of them have one thing common for sure, which is that financial analysis could be put on the place of Opportunity Analysis in total, and it has effective provisions from which the entire thing have been analyzed. For instance, you have a car payment that is $300 a month and rent that is $600 a month = $10,800/year but you want to go to graduate school full-time and not work at all. In this situation, the person has the appetite to go to the University for the Graduation for the car payment and rental. In this scenario, the suggestion is that the person has to go with dealing with its current liabilities and payment dues, rather than going to a high school for the graduation. It is found the person has totally rejected the opportunity to become graduate and in turn he went with the second option which is fulfilling the current dues of the person in total.
Personal Finance Analysis
We have categorized our things and provisions into sections, like necessities, low necessity and complimentary things. The aim of the person identifying in this particular assignment is to graduate from a perfect high school, which is the biggest choice for the person at this time. Hence this particular choice should be placed at the first place, and nothing should be amalgamating between the same. The person should refuse everything which comes between their graduations, because at that time being graduate is important for the company rather than emphasizing on any other alternative in total. If we use the money which should have been used for the Graduation at a new place, like buying a new expensive car, then it may fulfill the desired and appetite for us in the short run, because such things could not added and economic advantages in the life of a person for a long span of time. Hence the opportunity cost of losing the graduate degree is much higher than the buying of car for the personal use. Other option which we available after having graduate and have sufficient funds from which we can establish a house. Now we have two different options, one is to buy a luxurious house in the mid of the city, or to save the money for the future use for some sort of business or any other investment opportunities. In this scenario, the potential benefit of saving the money in a saving account or in an investment account would be more worthwhile as compared to buying a new house for the personal use. If the appetite of a person is getting fulfilled with a cheap option, then why it is required to fulfill it with an expensive one
With the help of the above mentioned table, one could easily judge the idea of the opportunity cost and opportunity analysis in total. With the help of this particular table, it could also found that what are the essentials for the company and what are the things which are less essential for the individual and why the person should or should not go with the same in a broad nutshell and in a long span of time as well.
Summary
Inevitably, the circle of an organization is extremely broad in which there are certain things talks about. Organization is known as a place, wherein people belong to different demographic work together for the achievement of a single and pre-specified goal in total. When it comes to corporations, then there are certain decisions which have to be undertaking for the achievement of the goal effectively (David W. Cravens, 2002).
Organizations have a traditional approach to tackle with different things and issues in total and with the help of traditional approaches, organizations would certainly increase their financial belongings in total (Edwin J. Nijssen, 2000). It is extremely important for the companies to stay in a certain jurisdiction to being effective and competitive from different aspects. Financial competitiveness of an organization is extremely important from different viewpoints, because it is something which is a sort of attractiveness for an entity in total. Financial Analysis and Opportunity Analysis are some of the major concepts that come under the ambit of financial management and it deems extremely important for a company as well as an individual in total. The main perspective of this assignment is to analyze the fitness or relationship among financial analysis and Opportunity Analysis. From the entire analysis, it is certain that financial analysis could be easily fit under the opportunity based analysis and both of the concepts are essential for an individual. We have demonstrated the real situation of an individual as far as using the financial or opportunity alterative in total, which is more than enough to analyze the concept in a perfect and well organized manner.
References
Damien McLoughlin, D.A.A. (2010) Strategic Market Management: Global Perspectives, New York: Pearson Group.
David W. Cravens, W.J.M.R.H.W. (1999) Strategic Financial Management for the Pacific Region, New York : Pearson Group.
David W. Cravens, C.W.L.V.L.C. (2002) Strategic Financial management cases, Georgia: Saga.
Edd Applegate, A.J. (2007) Cases in Advertising And Financial Management, Ohio: New York.
Edwin J. Nijssen, R.T.F. (2000) Creating Customer Value Through Strategic Financial Planning, Ohio: John WIley & Sons.
Geoff Lancaster, L.M. (2010) Essentials of Financial Management, Georgia: McGraw Hill.
Geoff Lancaster, L.M. (2010) Essentials of Financial Management, Ohio: John Wiley & Sons.
Geoff Lancaster, L.M. (2010) Essentials of Financial Management, London: Oxford.
Guillermo D'Andrea, J.A.Q. (2001) Cases in strategic Financial management: business strategies, London: Oxford University.
Helen Meek, R.M. (2012) CIM Coursebook 03/04 Strategic Financial Management, New York: McGraw Hill.
Isobel Doole, R.L. (2008) International Financial Strategy: Analysis, Development, New York: McGraw Hill.
