An Accountant's Guide to Financial Management

COURSE LEVEL:

Basic

COURSE DESCRIPTION:

This course is designed for accountants who must have financial knowledge but lack formal training in finance. Topics include: The Sarbanes-Oxley Act financial reporting requirements, financial ratio analysis, financial forecasting and cash budgeting, risk and return, valuation of stocks and bonds, time value of money, investing and financing, leverage, optimal capital structure, management of financial resources, and international finance. The goals of the course are fourfold:

1. It provides an understanding and working knowledge of the fundamentals of financial decision making and strategy that can be put into practical application in the day-to-day jobs of accountants and managers.
2. It also concentrates on providing a working vocabulary for communication.
3. It uses examples and illustrations, with emphasis on the practical application of financial concepts, tools, and methodology.
4. It also includes checklists, guidelines, rules of thumb, diagrams, and graphs.

LEARNING OBJECTIVES:

• Gain an understanding of the fundamentals of financial and managerial accounting.
• Become confident in applying these fundamentals daily.
• Gain a new working vocabulary for communication on accounting subjects.
• Understand various problem solving techniques.
• Integrate practical application of accounting concepts, tools, and methodology within the workplace.
• Adapt to new concepts through computer software demonstration and various printouts.
• Become familiar with stated guidelines and rules of thumb relating to accounting.

TOPICS COVERED:

• Chapter 1: An Overview of Financial Management
• Chapter 2: Financial Statements and Cash Flow
• Chapter 3: Evaluating a Firm’s Financial Performance
• Chapter 4: Improving Financial Performance
• Chapter 5: Budgeting, Planning, and Financial Forecasting
• Chapter 6: The Time Value of Money
• Chapter 7: The Meaning and Measurement of Risk and Rates of Return
• Chapter 8: Valuation of Stocks and Bonds
• Chapter 9: The Cost of Capital
• Chapter 10: Capital Budgeting: Techniques and Practice
• Chapter 11: Determining the Financing Mix
• Chapter 12: Managing Liquid Assets
• Chapter 13: Short-Term Financing
• Chapter 14: Debt Financing
• Chapter 15: Equity Financing
• Chapter 16: International Finance

REGULATORY REQUIREMENT:

Please see the state requirements section on the course catalog page.

SEAT TIME:

This course has been approved for 20 hours.

COURSE PRE-REQUISITE:

N/A

TESTING:

The student will be required to pass the final exam with a 70% in order to receive course credit.

COURSE COMPLETION:

Upon successful completion of this course, the student will be able to print their certificate online.

ABOUT THE SUBJECT MATTER EXPERT:

Dr. Jae K. Shim is Professor of Business at California State University, Long Beach,

California. Dr. Shim received his MBA and Ph.D. degrees from the University of California at Berkeley (Haas School of Business.) He has co-authored over 50 professional business books and has been a consultant to commercial and nonprofit organizations for over 30 years.

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This on line course is not available in all states.