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 University of Winnipeg , students will be 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