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|Meet Day||T/Th||11:45 AM - 1:00 PM||LAND|
|Review||F||11:45 AM - 1:00 PM||L280|
This course will provide future managers, board members and nonfinancial executives with essential financial management knowledge and skills. While the course content is focused on nonprofit and governmental organizations, most of the basic knowledge and tools apply to all business organization and international entities. This course will enable students to understand and analyze nonprofit and public entity financial statements including familiarity with financial terminology and accounting principles for different types of nonprofit and public organizations. A key focus of the course is understanding financial management including essential concepts of working capital, fixed asset acquisition, and debt management. Students will gain a working knowledge of basic financial management tools including cost analysis and behavior, financial ratios and benchmarking tools: the basics of cash, operating and capital budgeting; and other techniques used to manage nonprofit and public organizations. The final focus of the course is the link of strategic planning to long range financial planning with a case study where the students develop the long range financial plan for an organization using interactive modeling. Through other problem sets and case studies, the concepts and tools will be applied to assess financial viability, debt capacity, and operating performance of nonprofit and governmental entities. This introductory course is designed for students with no prior experience or training in accounting or finance and serves as a helpful prerequisite for upper-level courses in financial management.