Business Financial Management
The Business Financial Management course teaches students about the fundamentals of business financial management, and helps them to develop core competencies to understand and analyze financial information presented in typical business scenarios. The course focuses on the principles of accounting and reporting of financial data to various outside parties, such as bankers and potential equity investors. Students learn what information is provided in financial statements, to use elements of financial statements in making constructive short-term and long-term business decisions, and how such decisions affect the bottom line.
Students are given ample opportunity to practice, apply, and develop their financial management skills through the completion of hands-on tasks. The focus of these tasks is to pinpoint and dissect items in the financial statement that identify waste or poor utilization of resources, implement corrective actions, and quantify the effect of such actions on financial performance.
A practice exercise and review questions are included at the end of each lesson to measure progress and reinforce the skills learned. There is also a lab exercise at the end of the course to provide further practice and review, to reinforce the topics learned throughout the course, and to help prepare students for the final exam.