Sheridan Course Outlines

MGMT70026
Finance

I: Administrative Information II: Course Details III: Topical Outline(s) Printable Version

Section I: Administrative Information

Total hours: 30.0
Credit Value: 2.0
Credit Value Notes: N/A
Effective: Winter 2013
Prerequisites: N/A
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Leadership Development Series
Program Coordinator(s): Wendy Piasentin
Course Leader or Contact: Multiple Course Leaders
Version: 2.0
Status: Approved (APPR)

Section I Notes: N/A

Section II: Course Details

Detailed Description
Leaders in any organization need to understand the cost of doing business. Financial documents are used to explain how money is used in a business and can be interpreted to predict an organization's success. The ethical and effective use of financial statements and ratio calculations for forecasting and budget preparation can ensure investments or withdrawals within an organization will produce a healthy return or mitigate decline in other areas. Knowing the processes for assessing ROI, creating a budget and anticipating variances are critical in any organization in order to make effective decisions.

Program Context

Leadership Development Series

Program Coordinator: Wendy Piasentin

This is a compulsory course in the Leadership Development Series Certificate program.

Course Critical Performance and Learning Outcomes

 Critical Performance
By the end of this course, students will have demonstrated the 
ability to make effective financial decisions in forecasting and 
budget preparation.

Learning Outcomes
To achieve the critical performance, students will have demonstrated 
the ability to:

 1. Explain the Generalized Accepted Accounting Principles (GAAP) and
    International Financial Reporting Standards (IFRS);

 2. Describe the importance of the following related to decision
    making:
    a.	Income statements
    b.	Balance sheets
    c.	Cash Flows
    d.	Forecasting
    e.	Breakeven Analysis
    f.	Profit analysis
    g.	Sensitivity Analysis

 3. Explain the use of the following in relation to profitability,
    stability, liquidity, and efficiency:
    a.	Gross Profit Margin
    b.	Net Margin
    c.	ROE/ROI/ROA
    d.	Debt Ratio
    e.	Current Ratio
    f.	Quick Ratio
    g.	Inventory Turnover
    h.	Average collection/payment period

 4. Explain the critical elements of financial statements including
    the impact on organizational decisions;

 5. Use financial, organizational and operational documents to
    communicate strategic and leadership activities;

 6. Explain the elements of forecasting including how it is used for
    decision making;

 7. Create a variance analysis for a budget;

 8. Create a forecast for a work initiative;

 9. Create a budget for a work initiative; and

10. Make decisions based on relevant financial analysis.

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Evaluation Plan
Students demonstrate their learning in the following ways:

Budgeting Assignment	        10%
Forecasting Assignment	        10%
Project				20%
Case Studies			30%
Final Exam			30%
                               ----  
Total 			       100%

In order to successfully complete this course, the student is 
required to meet the following evaluation criteria:

 - Achieve an overall grade of 60% for the course.

Students are responsible for keeping all returned assignments and 
tests in the event of disputes over recorded marks.  A student who 
misses a class is responsible for obtaining any handouts and 
information on course content, assignments, due dates, test dates, 
etc.

Provincial Context
The course meets the following Ministry of Training, Colleges and Universities requirements:

Essential Employability Skills
Essential Employability Skills emphasized in the course:

X	Communication	X	Critical Thinking & Problem Solving		Interpersonal
X	Numeracy		Information Management		Personal

Notes: N/A

Prior Learning Assessment and Recognition
PLAR Contact (if course is PLAR-eligible) : Office of the Registrar
Students may apply to receive credit by demonstrating achievement of the course learning outcomes through previous relevant work/life experience, service, self-study and training on the job. This course is eligible for challenge through the following method(s):

Challenge Exam	Portfolio	Interview	Other	Not Eligible for PLAR
X

Notes: N/A

Section III: Topical Outline

Some details of this outline may change as a result of circumstances such as weather cancellations, College and student activities, and class timetabling.
Effective term: Winter 2013
Professor: Multiple Professors
Textbook(s):

Finance Participant's Guide (distributed in the first class)

Applicable student group(s): Faculty of Continuing and Professional Studies students Leadership Development Series program students
Course Details:

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The following topics will be covered, however, the order in which 
they are delivered may vary depending upon the delivery format of 
this course.  Teachers will provide students with assignment/test 
dates in the first class.

- Capital Budgets

- Operational Budgets

- Financial Statements

- Income Statements

- Balance Sheets

- Management Accounting 

- Cost of Capital

- Cost of Goods Sold

- Fixed Costs

- Variable Costs 

- Cash Flows

- Earnings Multiples

- Calculation of Profit Margin and Other Ratios of Profitability

- Inventory Management

- Cost of Inventory

- Principles of Purchasing

- Financial Forecasting

- Sensitivity Analysis

- Budget Creation 

- Internal Audit

- Variance Analysis

- NPV (Net Present Value)

- Hurdle Rate

- Minimum Acceptable Rate of Return

Sheridan Policies

All Sheridan policies can be viewed on the Sheridan policy website.

Academic Integrity: The principle of academic integrity requires that all work submitted for evaluation and course credit be the original, unassisted work of the student. Cheating or plagiarism including borrowing, copying, purchasing or collaborating on work, except for group projects arranged and approved by the professor, or otherwise submitting work that is not the student's own, violates this principle and will not be tolerated. Students who have any questions regarding whether or not specific circumstances involve a breach of academic integrity are advised to review the Academic Integrity Policy and procedure and/or discuss them with the professor.

Copyright: A majority of the course lectures and materials provided in class and posted in SLATE are protected by copyright. Use of these materials must comply with the Acceptable Use Policy, Use of Copyright Protected Work Policy and Student Code of Conduct. Students may use, copy and share these materials for learning and/or research purposes provided that the use complies with fair dealing or an exception in the Copyright Act. Permission from the rights holder would be necessary otherwise. Please note that it is prohibited to reproduce and/or post a work that is not your own on third-party commercial websites including but not limited to Course Hero or OneNote. It is also prohibited to reproduce and/or post a work that is not your own or your own work with the intent to assist others in cheating on third-party commercial websites including but not limited to Course Hero or OneNote.

Intellectual Property: Sheridan's Intellectual Property Policy generally applies such that students own their own work. Please be advised that students working with external research and/or industry collaborators may be asked to sign agreements that waive or modify their IP rights. Please refer to Sheridan's IP Policy and Procedure.

Respectful Behaviour: Sheridan is committed to provide a learning environment that supports academic achievement by respecting the dignity, self-esteem and fair treatment of every person engaged in the learning process. Behaviour which is inconsistent with this principle will not be tolerated. Details of Sheridan's policy on Harassment and Discrimination, Academic Integrity and other academic policies are available on the Sheridan policy website.

Accessible Learning: Accessible Learning coordinates academic accommodations for students with disabilities. For more information or to register, please see the Accessible Learning website (Statement added September 2016)

Course Outline Changes: The information contained in this Course Outline including but not limited to faculty and program information and course description is subject to change without notice. Any changes to course curriculum and/or assessment shall adhere to approved Sheridan protocol. Nothing in this Course Outline should be viewed as a representation, offer and/or warranty. Students are responsible for reading the Important Notice and Disclaimer which applies to Programs and Courses.

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