Overview/Description
This content is replaced by the course "The Principles of Financial Management" , Course ID: fin_01_a01_bs_enus. Financial management is a key tool in controlling and directing the resources of any business organization. Managers--not only financial professionals but also managers whose responsibilities are largely non-financial--can use this tool to generate and analyze the financial information that is essential to decision making in business. Understanding the principles of financial management helps all managers, from line supervisors to senior executives, to use this tool more effectively to support the organization's goals. This course introduces non-financial managers to the principles of financial management. It explores the basic concepts of risk and return and the time value of money.
Target Audience
Non-financial managers who seek an introduction to finance
recognize the benefits of using financial management to support organizational success.
match the main financial statements used to report on financial condition with the information they provide.
match common forecasting tools with examples of the cash flow and capital needs they help to identify.
apply information from forecasting tools to allocate cash in a hypothetical departmental budget.
initiate appropriate interactions with financial control systems in a hypothetical business scenario.
Financial Risk
recognize the value of managing financial risk in business.
match types of financial risk with examples.
analyze a potential business investment to determine which type(s) of financial risk it represents.
identify real-world scenarios as examples of the different types of return investment risk.
compare the risks in two hypothetical business situations to determine which situation has the lower potential for risk or the higher potential for gain.
The Time Value of Money
recognize the value of utilizing the time value of money concept to support effective financial management.
identify the variables that are used to calculate the relationship between the present value and the future value of invested money that is earning compound interest.
calculate the future value of a monetary amount from a given present value in a hypothetical business situation.
identify the effects of depreciation expense on financial performance.
select examples of factors to consider when making a buy-lease decision.
decide whether to lease or buy equipment in a hypothetical business situation.