BLE4624 - Business Finance
This is a course survey of concepts, principles and practices for profit, non-profit and church 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.
Upon completion of this course, the student will be able to:
- Identify and develop a balance sheet and income statement as it relates to non-financial managers. In addition, you will be able to discuss the concept of the "life cycle of a business" and identify the rules of financial reporting.
- Evaluate how stress relates to the financial outcomes.
- Evaluate profit, cash flow, critical performance factors, and cost accounting as it applies to non-financial managers.
- Demonstrate the process of budget planning, financing the budget, financing the business, and attracting outsider sources for the purpose of investment.
- Explore the demonstrated issue with non-profit organizations as it relates to the non-financial leader.
- Articulate the importance of building maintenance in the near and long-term financial obligations of the Church.
- Articulate the concept of performance measurement and tracking cost.
- Recognize and relate the fundamental concepts of stewardship and the importance of money and wealth in our society.
- Evaluate the various ways in which the outside use of your building makes financial sense.
- Evaluate various methods to maximize support from your members.
There are no prerequisites for this course.