ECON X435 - Finance for Business Management
Course Description
The course provides students with the tools to contribute to and optimize forward-thinking financial decision making. Managers that can extract an understanding of their organization's assets, liabilities, revenue and expenses from financial statements will have a clear view of how their team’s performance will impact the company’s overall financial health.
The first segment of the course is a review of the types of financial statements that companies produce and how management, investors, and creditors analyze those statements. The course then covers the fundamental concepts of managerial finance, including the behavior of costs and costing methods, as well as the relevant costs for decision making. We will finish with the review of how investment decisions are made, focusing on the capital budgeting process and time value of money principles.
Learner Outcomes
Upon successful completion of this course, students will be able to:
- Understand the objectives of financial reporting
- Analyze financial statements including key ratios
- Understand the objectives of managerial finance
- Employ tools to make critical decisions
- Learn the behavior of costs
- Attribute cost methods to best understand the business/product profitability
- Understand which costs are relevant to decision making
- Learn how to lay out the cash flows for investment decisions for executive decision-makers
- Employ time value of money principles to determine the financial benefit of an investment decision
Applies Towards the Following Certificates
- Business Administration and Management : Accounting and Finance Requirement: 1 Course Required (4 units)
- Business Foundations Badge : Digital Badge