Sheridan Course Outlines

Land Acknowledgement

Sheridan College resides on land that has been, and still is, the traditional territory of several Indigenous nations, including the Anishinaabe, the Haudenosaunee Confederacy, the Wendat, and the Mississaugas of the Credit First Nation. We recognize this territory is covered by the Dish with One Spoon treaty and the Two Row Wampum treaty, which emphasize the importance of joint stewardship, peace, and respectful relationships.

As an institution of higher learning Sheridan embraces the critical role that education must play in facilitating real transformational change. We continue our collective efforts to recognize Canada's colonial history and to take steps to meaningful Truth and Reconciliation.

Section I: Administrative Information

Total hours: 30.0
Credit Value: 2.0
Credit Value Notes: N/A
Effective: Spring/Summer 2025
Prerequisites: N/A
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Canadian Institute of Manageme, Leadership Development Series
Program Coordinator(s): N/A
Course Leader or Contact: N/A
Version: 20250505_00
Status: Approved (APPR)

Section I Notes: This is a course offered through OntarioLearn. Access to the course materials will be through OntarioLearn.com and you will be sent an email with your login details.

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. 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

Canadian Institute of Manageme	Program Coordinator(s): N/A
N/A
Leadership Development Series	Program Coordinator(s): N/A
This is a compulsory course in the Leadership Development Series Certificate program.

Course Critical Performance and Learning Outcomes

	Critical Performance:
	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:

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. Break even 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 10. Make decisions based on relevant financial analysis.

Evaluation Plan
Students demonstrate their learning in the following ways:

Evaluation Plan: ONLINE

	Evaluation Plan 100%	100.0%
	Total	100.0%

Evaluation Plan: IN-CLASS

	Evaluation Plan 100%	100.0%
	Total	100.0%

Evaluation Notes and Academic Missed Work Procedure:

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

Essential Employability Skills
Essential Employability Skills emphasized in the course:

Communication
Critical Thinking & Problem Solving
Numeracy

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
Notes:
Other
Notes: This course is delivered through OntarioLearn at ontariolearn.com and is hosted by (Sault College) SA-OEL856.

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.
Instruction Mode: In-Class
Professor: Multiple Professors
Resource(s):
Course material costs can be found through the Sheridan Bookstore

	Type	Description
Optional	Other	Finance Participant's Guide (distributed in the first class)

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

It is recommended that students read the following policies in relation to course outlines:

Academic Integrity
Copyright
Intellectual Property
Respectful Behaviour
Accessible Learning

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

Appropriate use of generative Artificial Intelligence tools: In alignment with Sheridan's Academic Integrity Policy, students should consult with their professors and/or refer to evaluation instructions regarding the appropriate use, or prohibition, of generative Artificial Intelligence (AI) tools for coursework. Turnitin AI detection software may be used by faculty members to screen assignment submissions or exams for unauthorized use of artificial intelligence.

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. 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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