Financial Fundamentals - DPS 15570
|DPS 15570||36 hours|
*Formally DPS 15185 Financial Management for Non-Financial Managers*
Every manager, regardless of responsibilities in an organization, requires an understanding of financial principles and financial management tools. This course will help individuals, working in a non-financial function, apply financial analysis tools to budgeting, forecasting and decision-making. This course provides an introduction to the topics of accounting, financial reporting, budgets, capital asset management, and evaluation in both the for-profit and non-profit sectors.
On completion of this course, students will:
•Able to define and apply basic accounting and financial management terminology, general accounting principles and financial practices;
•Explain the difference between for-profit and not-for-profit enterprise;
•Explain how financial management links to strategic business objectives;
•explain financial reporting systems and demonstrate the ability to read and interpret basic balance sheets, and income statements;
•Prepare and analyze financial reports, evaluate capital purchases, and optimize decision-making through sound financial analysis;
•Take part in the budgeting and financial reporting processes, proposing actions and being able to compare options;
•Assess a current business situation and / or issue, determining and defending a course of action based on applying financial management skills.
- Basic Business Calculator required
- Not recommended to be taken at same time as Establishing and Monitoring a Budget