EXMGT 5515 - Financial Management and Budgeting
Course Description
Students will learn the basics of financial practices within organizations including how to read financial statements, how to make and understand financial decisions, and how to create a budget. Additionally, an introduction to concepts of managerial finance will be examined. Students will explore financial decision-making skills and learn how to use financial information effectively.
The course is delivered asynchronously and does not include an assigned instructor. Learners are responsible for their own progress and may access the materials anytime between the course dates, moving through at their own pace. Though this course is asynchronous, self-paced, and based upon a complete/not complete grading scheme, you are provided with rubrics for self-assessment purposes and to share with a peer for feedback.
This course has been approved in alignment with the Chartered Professional in Human Resources of Alberta (CPHR Alberta) Competency Framework. Successful completion of this course fulfills one of the nine foundational the coursework requirements for the CPHR Alberta coursework path.
As you build your competencies, this course may also support your progress toward the Canadian Registered Safety Technician (CRST), Canadian Registered Safety Professional (CRSP), Canadian Certified Administrative Professional (CCAP), or Certified in Management (CIM) designation.
Who Should Take This Course?
Aimed at individuals in supervisory or management positions who wish to upgrade or sharpen their managerial abilities, this course will also benefit prospective or aspiring managers ready to take the next step in their careers.
Learning Objectives
By the end of this course, students should be able to:
- 🗸 Understand the accounting cycle.
- 🗸 Compile financial statements from various asset, liability, equity, revenue, and expense accounts.
- 🗸 Use various financial ratios to determine the financial wellness of an entity.
- 🗸 Prepare and use budgets and analyze budget variances.
- 🗸 Complete a cost-volume-profit analysis at an introductory level.
- 🗸 Compute break-even points in dollars and units.
- 🗸 Compute and use the operating leverage ratio.
- 🗸 Prepare a relevant cost and revenue analysis for management decisions including outsourcing, special order pricing, and product mix decisions.
Notes
- 🗸 The course is delivered asynchronously and does not include an assigned instructor. Learners are responsible for their own progress and may access the materials anytime between the course dates, moving through at their own pace. Though this course is asynchronous, self-paced, and based upon a complete/not complete grading scheme, you are provided with rubrics for self-assessment purposes and to share with a peer for feedback.
- 🗸 Apply the course content to the context of your own work or organization and explore its implications for your professional practice.
- 🗸 Materials are accessible through CE Canvas, the University of Alberta’s eLearning management tool. Additional learning materials are provided through CE Canvas at no additional cost.
- 🗸 This course is a total of 24 hours.
Recommendations
Students intending to complete a program are encouraged to apply as soon as possible to lock in their course requirements.
Applies Towards the Following Programs
- Certified Administrative Professional : Elective - Business Operations
- Certified in Management : Elective Courses
- HR Leadership: Performance, Finance, and Safety Certificate : Required Courses
- Human Resources Leadership Diploma : HR Leadership: Performance, Finance, and Safety Certificate
- Management Development Diploma : Management Development: Essentials Certificate
- Management Development: Essentials Certificate : Required Courses
- Occupational Health and Safety Professional Diploma : OHS Diploma Elective Courses