UW Professional Applied & Con Ed

DPS-15570 Financial Fundamentals

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*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. Outcomes: 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. Additional Comments: Basic Business Calculator required Not recommended to be taken at same time as Establishing and Monitoring a Budget Restrictions: Students may not hold credit for this course and DPS-15185.

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