Introduction to Financial Management and Budgets

Catalog description

This course will introduce both the language and construct of any organization’s financial framework. This foundational knowledge will allow you to be invited to the table when budgets are created that addresses complex challenges on the landscape. Students will be introduced to the core three aspects of financial administration: 1) financial sustainability of an organization, reflected in the income statement (profit/loss statement) 2) the Achilles Heel of cash flow that can be the death of any organization 3) the factors informing financial management decisions for investing in new sustainable practice, including the discount rate, opportunity costs, and impact to supply chains and product demand. Related to these topics will be how to set up an internal enterprise fund to build upon initial financial successes