FIN600 Finance for Non-Financial Mgrs

Lead Faculty: Dr. Gurdeep Kumar Chawla

Course Description

This course examines the financial and accounting reports that aid managers in making business decisions. In doing so, this course covers issues such as long- and short-term budgeting, key financial statements, the role of the outside auditor, reporting financial information, and valuation of assets and equities.

Learning Outcomes

  • Evaluate the purposes and goals of financial management.
  • Analyze problems and make decisions that are similar in scope and complexity as those in the real world.
  • Compare and contrast finance from closely related disciplines of economics and accounting and describe the primary function of the financial managers.
  • Apply key financial concepts such as assets, liabilities, owner's equity, and the accounting equation.
  • Use financial terms and concepts: for example, revenue, expenses, net income, debit, credit, journal, and ledger.
  • Analyze the stockholders report and basic financial statements including income, balance sheet, retained earning statement and sources and uses of cash.
  • Prepare financial statements from accounting sources.
  • Apply the concepts related to evaluation of assets and equities.
  • Compare and contrast depreciation methods and their effect on cash flows, earnings, and taxes.
  • Apply fundamentals of corporate taxation and the role of finance.
  • Perform calculations for managerial weighted after-tax cost of capital.
  • Evaluate capital budgeting projects using the payback, net present value and internal rate of return methods.
  • Calculate the component costs of the firms capital structure as well as determine the overall cost of capital.
  • Compare and contrast possible sources of long-term capital and selection of an optimal mix to meet the firm's financial needs.