Financial Fundamentals - DPS 15570
|DPS 15570||36 hours|
*Formally DPS 15185 Financial Management for Non-Financial Managers*
No business can prosper without sound financial management practices. 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 advanced depth of training in the areas 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:
- Gain proficiency with accounting and financial management terminology, general accounting principles and financial practices;
- Understand the difference between for-profit and not-for-profit enterprise;
- Explore how financial management links to strategic business objectives;
- Gain a basic understanding of financial reporting systems and learn how to read and interpret balance sheets, and income statements;
- Prepare and analyze financial reports, evaluate capital purchases, and optimize decision-making through sound financial analysis;
- Contribute to budgeting and financial reporting processes;
- Apply their financial management skills, using the case methodology approach, to a current business situation and/or issue.
- Basic Business Calculator required
- Not recommended to be taken at same time as Establishing and Monitoring a Budget