Financial Management

Most business owners are not trained professionally in accounting or finance; but given the uncertain nature of business and economic cycles combined with an increasingly rapid rate to technological change, monitoring the financial condition of a business and making sound financial decisions has never been more important. This course addresses the role of a "money manager" and the need for continuous financial management and control. NOTE: Early registration is necessary, as this course will involve the advance receipt and completion of workbook and online quizzes and assignments by way of email, as well as the one-day session to review all material and prepare for writing the examination. Course Content: Understanding the two key financial statements: Balance Sheet and Income Statement Analyzing the Balance Sheet and Income Statement through the use of ratios Profit planning and cash budgeting Cash flow forecasting Managing growth; and Dealing with financial sources and bankers Duration: Online home study 10-15 hours with quizzes and assignments. (Constitutes 50% of overall grade) One day in-class session Materials Manual: "Financial Management" Course Format: Upon registration for the course, the course manual will be delivered by regular post, to be completed at their own pace along with the online portion. Any student can email questions to the instructor at any time prior to the course date. The one day in-class session will be used to review all of the material, answer any questions and prepare for the exam in the afternoon. Examination: A pass mark of 80% is required on the in-class open book exam is written on the afternoon of the one-day in-class session. If a mark between 65% and 79% is achieved, a fee is charged to re-write an online exam. A candidate is given the opportunity to re-write the examination a maximum of two times before having to retake the entire course. Candidates who score less than 65% on the initial examination are required to retake the course.