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|Meet Day||T/Th||11:40 AM - 1:00 PM||L140|
|Review||F||11:40 AM - 1:00 PM||L280|
The goal of this course is to provide future managers, board members and nonfinancial executives with basic financial management knowledge and skills. This course will provide students with an understanding of 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 statements including management concepts of working capital, fixed asset, and debt management. Students will gain a working knowledge of basic financial management tools including cost analysis and behavior, financial ratios and benchmarking tools, basics of cash, operating and capital budgeting and other techniques used in nonprofit and public organizations. Through 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 prerequisite for upper-level courses in financial management.