Thematic Integration of Faith and Learning

Course Impression 

This very course is composed of deep learning of the fiscal policy-making models and accounting principles which are utilized by businesses to generate budgets for external fiscal needs, capital expenditures, revenues and desired revenues.one of the core elements of operating a business is to generate a lasting value for the employees, shareholders and the customers in order to make profits. The business management team should be able to allocate fiscal resources effectively in all the divisions found in the business. Strategic plans should correlate with the business basic purpose should be created

This course teaches students how organization managers can apply accounting principles and fiscal policy-making approaches to tactically plan and make lasting value for gainful development in the right way. It is paramount for a business to have clear goals, future investments which create value and effectively apply approaches which will bring more profits and give better profits. Consequently, for good results to be experienced, the management should budget for the business funds effectively. The budget should show the amount of money the business needs to remain strong and healthy. This course teaches students who desire to be future managers to comprehend the accounting principles and fiscal policy-making processes which will help them make the right spending resolutions which can help the business in its endeavors.

Strategic distribution of finances is very important in any enterprise. Economics as a discipline is cited in God’s words. The Bible gives people guidance, cautions and teaches Christians why assimilating faith, biblical values in accounting and finance is very important. In this economics course, every policy and decision-making design can be deliberated from a biblical point of view. According to Davis (2018), the main implications provide the right data pertaining to the developments that reveal the present-day state as well as the course of an establishment towards its desired objectives.

While disbursing funds, it is very vital for scrutiny to use the finances in a way that makes the most of the turnover buts cuts the expenditure. Nevertheless, it is also important to utilize resources keenly and for the best interests. According to Konos (2010), strategic planning is all about fund disbursement and would be of no use if the funds were not controlled. Establishments should use the appropriate method with regard to strategic and practice objectives allied to finance disbursement translating to precise budgeting outlooks of profits, costs, and capital and budgeting expenditures. The capital budgeting decisions in business will be affected depending on how a business releases its resources (Blocher, 2016).

According to Konos (2010), company performance has been assessed by its financial metrics. A balanced scorecard backs the financial activities of monitoring, tracking and implementing certain, quantifiable strategic financials objectives via an integrated approach which give the business an opportunity to operate well (Konos, 2010). The financial objective and metrics of an organization are implemented cantered on their state in the market and encompass, a free cash flow that assesses the company fiscal stability. They also depict how funds are used to produce cash which will be needed in future capital structure, financial decisions and investments (Konos, 2010).

Konos alludes to financial decisions and capital structure as; funding restricted to the leverage or the debt ratio, the point where the company cost of capital is minimized. The business reserve borrowing capacity plus the threat of would-be fiscal distress is ascertained by the optimal capital structure (Cosgrove, 2015). That said, it is evident that financial allocation in business is very important. The two dynamics depend on each other to make sure the organization’s strategic and financial objectives are achieved.

The Critical Questions 

The critical rational abilities are very important with respect to how good a learner chooses between choosing the financial resource allocation course or peaks another business allied course. There are five questions which arise and are very important for students to exhibit their ability to understand the key concepts in this course and they are as;

• What abilities and skills do learners require for them to assimilate Christian faith in fiscal resource allocation in the actual world?

• What are the administrative means that organizational management can do in fiscal resource allocation?

• Capital budgeting definition. How are its decisions created in an establishment?

• What is balanced scorecard and how does it assist in resource allocation? Which mode is BSC is used in business.

• What is this tactical disbursement of resources?

It is advisable for students to use critical discerning skills to understand the models of tactical disbursement of fiscal resources. The company management can handle the allocation of fiscal resources with the help of operative strategic management which is a core element in cost accounting. According to Blocher (2016), the success of a firm depends on strategic management which supports changes in operations, changing products and services. Strategic management anticipates for creativity, innovation, and integrative thinking.

Capital budgeting can be used to supplement strategic management in the financial resources allocation process. Capital budgeting is a strategy or system which can be used to find speculative cases then create new views into clear business prepositions, to examine and select an undertaking and then manage the speculation task to assess measure precision (Kengatharan, 2016). Accounting is very critical in capital budgeting and it has four importance to capital budgeting. These contributions are;

• Allied to a business master plan/budget.

• Allied to the company balanced scorecard control and its strategy.

• Production of the pertinent information needed for investment assessment objectives/decision making.

• Do post audits in the capital investment missions.

A company business scorecard has been in use since the 20th century and helps business manage the fiscal and the non-fiscal element then applies the firm strategies. The tool has five elements; fiscal, the heart processes, customer, learning and development. A BSC assists a business implement strategy based performance measurement structure (Blocher, 2016).

As discussed in the course overview, tactical disbursement of financial resources is very important in cost accounting and it is connected to all functions of an organization. In the event a business doesn’t allocate funds well, all operations in the organization will be affected. Tactical disbursement of fiscal funds from a student point can be fruitful when they carry out gods work and assimilate their belief and learning in the entire process.

The questions which students a course in the tactical allocation of fiscal resources face are not that many but they help them understand the concepts surrounding this course in order for them to implement what they have grasped in real life situations. The assimilation of Christian believe by students will help them think centered on Christian virtual instead of permitting people who are not part of the faith to formulate an agenda of what happens within a Christian learning environment (Miller, 2018).

The significance of Keller concepts and the Bible solid comprehension of the course 

Teachings from the bible are very important in tactical disbursement of finances in capital budgeting decisions and other business practices around the world. Scriptures have been used in problem-solving, Thanksgiving and finding opportunities (Liang, 2012). The use of faith and learning are integral components of Christian education (Bailey, 2012). This integration has been researched by researchers in the last four decades. As said by Lynn (2011), not much has been said how Christianity is linked to business although religious belief affects the behavior of a person. This study is both holistic and multidimensional in nature (Sites, 2009).

Keller and his compatriot Alsdorf's provide the audience with important information which teaches us how to correlate our undertakings with Gods works. It is very paramount for us to understand everything we do should be acceptable in the eyes of God. The Almighty doesn't what His followers to be business leaders who bring problems on other people by executing tasks that don't please him or don't follow his ways. Keller and his compatriot cite that the almighty planned his work in the book of Genesis when he created the universe and all creatures (Keller & Alsdorfs, 2012). Observing the bible we should disburse financial resources and do businesses which honor God and fundamentally made to fulfill His purpose. If Christians observe this; God will meet all Human needs in line with His glory in son the Messiah (Philippians 4:19). The almighty says he will blessings will be incomparable only if we put trust and honor him. People should seek him and his uprightness and everything will be provided to us (Matthew 6:33). The almighty says he will blessings will be incomparable only if we put trust and honor him. People should seek him and his uprightness and everything will be provided to us (Matthew 6:33)

God oversees his resources thus he asks obedience from us because we use his resources. Christians should be making apt decisions in how they use God blessings given unto them. His word in Deuteronomy 8:18 cites that we should always think of Him because he is the one who gives people wisdom to make wealth and it is also in the covenant which he made with our ancestors and it should be observed by the descendants. Keller and his partner cite that people who make the wisest decisions and are competent in their work correlate with Gods work. Christian undertakings are service to the almighty and our fellows and Christians should select and execute tasks which observe Gods objective (Keller & Alsdorf, 2012).

The holy bible has some clauses which are against the practice of loaning money to get interests. Conversely, tactical disbursement of financial resources is very important for growing the God purposes since studies cite that faith in supreme God affects business resolutions. Alderman (2018), alludes to when religion and organizational resolutions are featured, people do not choose resolutions which affect their household finances. Business leaders as well choose fiscal and thoughtful choices which favor the company investors. That said, it is essential that funds are allocated well to generate profits which will be used for prospect investments. Business leaders of Christian faith have a huge role le play in the community; they ought to worship, adore God and indorse uprightness in our job. Be it the allocation of fiscal resources or other tasks, Keller, (2012) cites that our daily works depict loving God because he called and groomed you to execute it irrespective of the nature of the work.

In conclusion, the Bible concepts and its teaching are very important in how corporates assimilate Christian believe and learning in the tactical disbursement of fiscal resources. The study concludes and cites that the creator made finance bases and allows people to improve finance just like it is in the present day. As a result, God created finance to be one of the modes Christians can glorify His purpose of love, justice, and stewardship (Van Drunen, 2015). Every good deed Christians do should pull us closer to God.

References 

Alderman, J., Forsyth, J., & Walton, R. (2017). How Religious Beliefs Influence Financial Decision-Making. 2017 Volume 20 Issue 3, (3).

Bailey, K. G. (2012). Faith-learning integration, critical thinking skills, and student development in Christian education. Journal of Research on Christian Education, 21(2), 153-173.

Blocher, E. J., Stout, D. E., Juras, P. E., & Smith, S. (2016). Cost management: A strategic emphasis (8th ed.). New York, NY: McGraw-Hill Education.

Cosgrove, P. B. (2015). Variations on a theme: Convergent thinking and the integration of faith and learning. Christian Higher Education, 14(4), 229-243.

Davis, C. (2018). Strategic Indicators of Mission Fulfillment at Assemblies of God Colleges: Reaching Consensus on Faith Integration and Spiritual Formation. Christian Higher Education, 17(4), 250-264.

Keller, T., & Alsdorf, K. L. (2014). Every good endeavor: Connecting your work to God's work. Penguin.

Kengatharan, L. (2018). Capital Budgeting Theory and Practice: A review and agenda for future research. American Journal of Economics and Business Management, 1(1), 20-53.

Kono, P. M., & Barnes, B. (2010). The role of finance in the strategic planning and decision-making process. Graziadio Business School Review, 12(1), 19-87.

Liang, E. P. (2012). Modern finance through the eye of faith: Application of financial economics to the Scripture. Christian Business Academy Review, 7.

Lynn, M. L., Naughton, M. J., & VanderVeen, S. (2011). Connecting religion and work: Patterns and influences of work-faith integration. Human relations, 64(5), 675-701.

Miller, E. (2018). Anti-Intellectualism and the Integration of Faith and Learning. Christian Scholar's Review, 47(4), 329-334.

Sites, E. C., Garzon, F. L., Milacci, F. A., & Boothe, B. (2009). A phenomenology of the integration of faith and learning. Journal of Psychology and Theology, 37(1), 28-38.

Van Drunen, L. D. (2015). Debt, risk, and grace. Journal of Markets & Morality, 18(1).