Full course description
This course introduces students to the principles of financial management, providing the knowledge and skills needed to navigate the financial world. Students will explore how finance affects individuals, families, organizations, and communities, with a particular emphasis on connecting personal finance concepts to organizational contexts. The course offers opportunities to read, interpret, and use financial reports, including income statements, balance sheets, and budgets, as tools for assessing organizational financial health. Students will also learn to apply core finance concepts such as the time value of money, capital budgeting, depreciation, diversification, compounding, and debt. Through analysis of financial trends and forecasts, students will gain insight into strategic decision-making and understand the impact of financial choices on employers, communities, and individuals.
At the end of this course, students will be able to:
- Apply core finance concepts such as time value of money, capital budgeting, depreciation, diversification, compounding, and debt.
- Interpret financial statements, including income statements, balance sheets, and budgets.
- Analyze financial information, trends, and forecasts to support decision-making.
- Compare personal and organizational finance to recognize similarities and differences.
- Evaluate the impact of financial decisions on employers, communities, and households.