Basic Finance For Managers

BUSN5200

Code	BUSN5200
School	WGS
Description	Managers and human resources management professionals must be able to understand financial information contained in financial statements and reports. Line managers must be able understand financial information contained in financial statements and reports in order to evaluate their unit's financial performance, to communicate clearly with other managers, and to apply financial information when making decisions. Human resources management professionals must understand financial statements and principles if they are to effectively assist line managers and be strategic partners with other business functions. This course will focus on the interpretation and use of basic financial information by non-financial managers, not on the production of financial statements and reports.
Module Level	5
Module Code	BUSN5200
Webster Code	BUSN 5200
Class	EL\|MA\|
Availability	DE\|SA\|
Available Summer	N
Credits	3
Contact Hours	34
Course Length (wks)	8
Learning Outcomes	Upon successful completion of this course, the student will be able to: Be able to read and interpret internal and external financial reports and financial statements and understand how these would be used in all areas of business management; not just by the accounting and finance managers. Be able to illustrate how using financial statements and reports can improve strategic planning and decision making, and thus improve organizational performance Be able to use time value of money equations to solve problems, and explain how TVM is used for decision making. Be able to discuss how accounting rules and principles (GAAP, FASB, depreciation, cash vs. accrual) impact corporate financial decisions and policies. Be able to assemble pro-forma financial statements and their use in managerial decision making Be able to discuss how financial monitoring systems are used to compare actual versus projected financial results. Be able to effectively communicate with accounting and financial managers within their organization. Be able to determine financial concepts and the principles of costs, cost systems, cost allocations, activity-based costing, and financial performance measures Be able to explain cash flow and discuss its impact on organizational performance and decision making Be able to use the concepts and processes taught to develop budgets and discuss their influence on managerial decision making Be able to discuss the ethical decisions relating to finance and financial statements, particularly as this relates to publicly-held corporations.
Reading Required
Course Conduct	Academic Honesty The university is committed to high standards of academic honesty. Students will be held responsible for violations of these standards. Attendance Students are expected to attend ALL class sessions of EVERY course. In the case of unavoidable absence, the student must contact the instructor. The student is subject to appropriate academic penalty for incomplete or unacceptable makeup work, or for excessive or unexcused absences. Generally, a student who misses more than one four-hour course period (per course) without a documented excuse (such as illness) and advanced permission from the instructor should withdraw from the class. This means: You may not miss the first 2 weeks of any class and expect to continue in that class. If you have begun a class, and subsequently have 2 absences, we will call you in and you may be asked to withdraw. Your student visa status may be affected.
Weekly Schedule	Full syllabus provided during the first lecture.