Financial Intelligence 1

NAME:

TITLE: Financial Intelligence

INSTRUCTOR:

DATE:
 Financial Intelligence 2

Financial intelligence is collecting of all information in regard to finance so as to understand its

nature and focus on the future. Its main purpose is to show all the financial activities that may

involve tax evasion and other criminal activities. Basically it deals with identifying all the possible

areas which involves financial criminal terrorist organization. It consists of thorough investigation

using all possible techniques so as to identify the possible areas where the suspects may have used

to involve in particular activity (Titman, 2015). They engage in the analysis of detecting tax

evaders, accounting for how large amount of money had disappeared with people and also

detecting all available terrorists.

Financial intelligence is used to account for all finances on all activities done by a company so as

to monitor its operation performance. In this the accountant and all financial officers in the

organization tries as much as they can to ensure no funds are out of their records. There are certain

benefits whereby one has to understand the financial status of organization. Through IT department

from service to strategy organization, one is able to know where the organization lies financially

(Phillips, 2012). Also one is able to understand the business critically since evaluation of the

financial status is done through financial intelligence.

Additionally, through financial intelligence, one is able to understand where his or her money will

be in future (Phillips, 2012). This is achieved by the owner establishing the savings of his or her

profit made by the company. Again the owner of the business is able to have plan on the areas he

or she should major in.

In conclusion, by planning on how to improve your business financial intelligence through setting

certain goals in your business, checking all the debts of your company and also understanding the

status of your business frequently, will strengthen your company since one is able to make better

decision on business ideas.

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REFERENCES

Phillips, P. P., & Phillips, J. J. (2010). Return on investment (pp. 823-846). John Wiley & Sons,

Inc.

Phillips, J. J. (2012). Return on investment in training and performance improvement programs.

Routledge.

Titman, S., Keown, A. J., & Martin, J. D. (2015). Financial management: Principles and

applications. Pearson.

https://books.google.com/books/about/Financial_Intelligence_for_IT_Profession.html?id

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IC&printsec=frontcover&source=kp_read_button&hl=en#v=onepage&q&f=true