ORLD 7450

Credits: 3 cr.

Course Description:
This class develops your knowledge and application of financial principles to both for-profit and not-for-profit organizations. It is essential for leaders within an organization to understand the role that finance plays in carrying out the organization's role and mission. The course covers the following subjects: how to construct and integrate a "financial plan" as part of a broader business plan; types and uses of bank finances; how to finance assets; how to prepare cash and operating budgets; and entrepreneurial finance issues in starting and growing a new or developing business. This course is designed to provide leaders the necessary financial tools in order to plan, finance, evaluate and financially manage an organization. You gain an understanding of key finance concepts and issues, financing methods and sources, and exposure to common financial measures and calculations. The class also provides you experience in evaluating a financial forecast utilizing a spreadsheet-based financial model.

Prerequisites:
ORLD 6400