Accounting & Financial Aspects of Business
This course is an introduction to financial management concepts and business practices. It includes the topics of accounting, finance and related analytical and performance management techniques that have particular relevance to managers. In this course, you should become fluent in the issues, data, and concepts of financial decision-making at the organizational level. By the conclusion of this course, you should understand what financial managers do in an organization and how to deal more effectively with them on issues of business and program strategy. This will require you to be able to: . Use basic business mathematics to inform decision making: . Understand how organizations are financed; . Read and understand a set of financial statements . Calculate and interpret financial ratios; and perform a financial analysis; . Conduct basic cost analyses and understand their role in managerial decision-making; . Prepare and discuss a budget, the sources and importance of variance, and the concept of flexible budgeting as a control device; . Understand investment project decision making and be able to compute measures of return (NPV, breakeven); . Use Excel to create, interpret, and present results from financial models.
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