Financial Fundamentals University of Winnipeg

Overview

Every manager, regardless of responsibilities in an organization, requires an understanding of financial principles and financial management tools.

Outcomes:

On completion of this Financial Fundamentals course from the University of Winnipeg - PACE, students will:

• Able to define and apply basic accounting and financial management terminology, general accounting principles and financial practices;

• Explain the difference between for-profit and not-for-profit enterprise;

• Explain how financial management links to strategic business objectives;

• explain financial reporting systems and demonstrate the ability to read and interpret basic balance sheets, and income statements;

• Prepare and analyze financial reports, evaluate capital purchases, and optimize decision-making through sound financial analysis;

• Take part in the budgeting and financial reporting processes, proposing actions and being able to compare options;

• Assess a current business situation and / or issue, determining and defending a course of action based on applying financial management skills.