BLE4624 - Business Finance
This is a course survey of concepts, principles and practices for church and faith-based non-profit organizations from the perspective of a non-financial manager. A basic understanding of financial analysis, budgeting, working capital, short-term and long-term corporate financing, the cost of capital, and the time value of money from the perspective of a leader in today's world. This course includes the Biblical concept of stewardship as it relates to wise and ethical finance procedures.
- Articulate the importance of asset management for the near and long-term financial health of the organization.
- Evaluate the various ways in which organizational resources can be used to generate income.
Upon completion of this course, the student will be able to:
- Recognize the fundamental concepts of stewardship and recognize the importance of money and wealth in our society and its effects
- Distinguish Financial Managements perspective to financial decision making
- Identify Accounting System design
- Identify the elementary stakeholders and their interest in the business and various aspects of financial organization
- Understand Income, Balance, and Cash Flow mechanisms
- Expose health criterion and the application of ratios and articulate various aspects of financial analysis
- Identify issues and challenges associated with budgeting
- Discern the concept of performance measurement and tracking cost
There are no prerequisites for this course.