Course Code
Academic Year
The objective of this course is to demonstrate how financial information is used in forecasting, budgeting, and measuring the various financial operations of a business enterprise. This course introduces the student to basic financial analysis of the Income Statement, the Balance Sheet, and the Statement of Retained Earnings. It introduces the Statement of Cash Flows that takes the student from the realm of score keeping to analyzing how management has used capital and other resources to fund business activities. At the same time, the student is introduced to financial ratio analysis that is used as a tool to gauge the financial health of a business. The course also introduces the student to defining, classifying and measuring liabilities for the purpose of reporting useful information about them to the decision-maker. The student will actively demonstrate knowledge of liabilities such as warranties, taxes, and short-term notes payable and bonds by calculating interest rates and returns. The course also integrates with profit planning, budgeting, financial planning and decision-making, examining how volume, price, product mix, and product costs relate to one another; the interdependence of the financial structure and capital structure of a business entity; and the setting of corporate objectives and priorities, projected financial results, and the feedback mechanisms comparing actual results to predetermined standards. The objective of this course is to demonstrate how financial information is used in forecasting, budgeting, and measuring the various operations of a business enterprise.
Please note that students who choose to take an online section of this course must write the final exam in person (either at the Humber North or Lakeshore campus, or (if located more than 100km from the campus) through an approved proctoring facility. Any costs associated with this are the sole responsibility of the student.