BUS 224 - Business Finance
Financial principles and procedures of capital management. Analysis of the relationship of finance to micro and macroeconomic factors such as inflation, business cycles, competition, and regulation. Emphasis on corporate goals and objectives as a determining factor in the choice of financial management policy. Financial ratios, cash budgeting, forecasting, leverage, working capital policy, capital markets, stocks and bonds, valuation, and other basic areas of finance.
Prerequisite: BUS 101 Accounting II or BUS 111 Financial Accounting
3 Class Hours
Learning Outcomes of the Course:
Upon successful completion of this course the student will be able to:
1. Identify the functions of finance in management's goals and objectives.
2. Demonstrate an expanded familiarity with the terminology/vocabulary of the business and financial community.
3. Identify the role of financial management to the current economic environment, theory, and policy.
4. Compute ratios and use ratio analysis to make financial decisions.
5. Prepare proforma statements.
6. Prepare a cash budget.
7. Calculate operating and financial leverage.
8. Apply the principles of working capital management to current assets and short-term financing.
9. Demonstrate an understanding of time value of money by the completion of problems involving annuities, present value, future value, sinking funds and amortization tables.
10. Calculate the cost of capital.
11. Incorporate risk analysis in capital budgeting decision.
12. Evaluate long-term financing options.
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