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CBA Dean conducts Brown Bag Session 1

Article/News by: Angelina T. Agayon
Date Posted: August 02, 2018



Some people thought that accounting and finance as basically the same. To understand their key differences the Dean of College of Business Administration, Mr. Arnel L. Cadeliña MBA, RREA, conducted a free seminar entitled, “Differentiating Finance from Accounting”, last July 27, 2018 at Sacred Heart College Viewing Room 1 (SHC VR1).

Twenty four business students listened intently as Mr. Cadeliña begin the brown bag session by saying “In College it is not the diploma that you pursue, it is the knowledge”. He further added that employers now no longer ask the basic question of “tell me about your education” but instead ask “tell me what you can do?”. Mr. Cadeliña said finance came from the Latin word “Finer”, which means “to pay” and it is a sister of economics. He also said that the number one rule in finance is to make the cash flow stable and in finance when you buy things and use it up to maximum depreciated life is advantageous because it means you are contributing to shareholders wealth He cite an example like book value, depreciation zero, accountant will record and compute it after ten to twenty years, but in finance the longer the moment it takes, the higher the ROI and were happy about it because our finances will become stable. In other words, in finance the longer the depreciation the better. While in accountant it already has no value.

He also explained that in finance we are the one who source, allocate and manage funds. Mr. Cadeliña shared the three subfields of finance : (1) Financial Management, (2) Investments, and (3) Financial institutions and markets. He said that these three subfields must be clearly understood by the finance students and they should understand that the main focus in finance is to handle the cash flow well. He also said that accounting profits can be measured accurately only at the end of the life of the company while in finance the use of ratios may indicate if wealth is increasing.

He also shared the significance of financial management, in which he said that financial management is applicable on any types of business whether sole proprietorship, partnership or corporation. Financial management can also help you eliminate the chance of failure. And its focus is on ROI and time value of money. The most important is the growth of wealth happens only through profit-making activities. And profit happens only when we have finance to fuel it.

Dean Cadeliña ended his brown bag session by sharing the finance objective of maximizing wealth or stockholders wealth by achieving the highest possible market value of stock.




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