FINC 610 - Budget and Finance Management

3 Credits
This course applies finance concepts to evaluate and manage budgets in financial decision making in the global environment. The course will include a foundational knowledge of accounting principles such as budget development and execution, program initiation, cost and revenue estimation, budget strategy, and evaluation. Students will prepare a plan to obtain funding and manage a project or department budget. Basic financial concepts are covered such as capital budgeting, working capital management, risk and return measurement, cost classification, debt and equity financing and cash flow analysis. Students should be familiar with Microsoft Excel.

Course Learning Outcomes:
1. Implement effective tools and techniques in documenting, presenting, and justifying various budgets.
2. Develop and evaluate the financial planning process including long-term strategic financial plans and short-term operating financial plans.
3. Apply, measure, and evaluate risk and return considerations in capital budgeting.
4. Prepare a plan to obtain funding and manage the budget in the global environment.
5. Communicate operational and financial strategies to stakeholders.
6. Understand, measure, and evaluate risk and return.