500

This course will prepare managers to interpret financial reports and to develop insights that will inform strategic decisions. Students will acquire an understanding of the accounting cycle, how financial statements are constructed, and how they can support managerial decisions. They will interpret financial statements, draw constructive conclusions about the financial health of organizations, and use ratio analysis and other techniques to develop recommendations for corrective or developmental action. Students will evaluate potential sources of funding and the impact of decisions on an organization's finances, including on its cash flow. They will apply discounted cash flow principles and techniques to inform capital budgeting and other strategic decisions. Students will also apply principles of biblical stewardship to financial problems. Application and implementation of course theories and concepts in an organizational setting will be addressed through embedded, experiential learning experiences and activities within the course.

This course entails the application of accounting concepts, financial information, and analytical tools for managerial decision making. Students will acquire a basic understanding of generally accepted accounting principles, use financial ratios and other methods to analyze financial statements, project cash flows, and perform time value of money calculations. They will gain knowledge for managing business budgets and use risk adjusted techniques to evaluate international market prices of stocks and bonds.

Students in this course will develop a comprehensive biblical worldview concerning work, finances, and the calling to be a Christian advisor. They will integrate that worldview into financial decision making and the wealth transfer process. Students will defend a biblical perspective on the five uses of money, promote biblical stewardship as a foundational principle in developing financial plans, and develop a commitment to giving as a method of kingdom building.

In this course, the student will study the discipline of financial management by calculating and interpreting capital budgeting methodologies, formulating and analyzing the required rate of return on capital, designing and managing the optimal capital structure for an organization, determine appropriate credit and payment terms, and create appropriate short-term financing and working capital strategies. Students will also model cash forecasting and evaluate company performance to its annual objectives. A biblical and ethical framework will be integrated throughout the course to help guide financial management decision-making. Application and implementation of course theories and concepts in an organizational setting will be addressed through embedded, experiential learning experiences and activities within the course. Prerequisite: FINC-510 or FINC-525