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Nov 23, 2024
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MB 6200 - Finance and Accounting2 lecture hours 4 lab hours 4 credits Course Description In this course, students cover key financial concepts, identify the financial decisions confronting organizations, and learn to analyze an organization’s status using financial tools and techniques. Accounting methods used in the public and private sector as well as key financial statements are presented. Program and organizational budgets and the budget process are included as well as the evaluation of spending proposals. Students also learn the role of financial planning in an organization’s strategic planning process. (prereq: none) (coreq: MB 6310 or MSN equivalent) Course Learning Outcomes Upon successful completion of this course, the student will be able to:
- Describe the financial theories and markets that have greatest applicability and relevance to an organization
- Describe the basic financial decisions confronting organizations
- Describe relevant data, data sources, data access techniques, and reporting practices within a given organization
- Describe how the data included in financial statements is acquired, stored, and reported within the organization
- Compare the accounting methods utilized in the public and private sectors
- Interpret an organization’s financial statements and identify strengths and challenges
- Identify strategies for improving an organization’s financial position
- Interpret the three key financial statements used by most organizations
- Demonstrate an ability to perform an objective evaluation of an organization
- Produce an analysis of various organizations based on financial data
- Evaluate spending proposals utilizing financial tools and techniques
- Monitor and report resource expenditures against budget.
- Develop a monitoring plan to assess progress toward strategic targets for a location
- Work with staff to define annual budget needs for location
- Assess alignment of annual organization budget with strategic priorities
- Describe the key elements of a persuasive presentation. In this context, students will explore the development of a budget that is grounded in the organization vision/mission and improvement plan, and develop a presentation to gain stakeholder support and approval
- Produce a detailed annual budget for a given organization or proposed initiative
- Prepare and propose an annual organization budget that supports the strategic targets
Prerequisites by Topic Coordinator Carol Mannino
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