MGMT245

Accounting and Financial Management Fundamentals for Non-Financial Managers

As a manager, you need an understanding of fundamental financial terminology and concepts to make informed financial decisions and meaningful contributions to your organization.

Learn to communicate with financial professionals in their language, improve your ability to question and discuss financial implications and support your decisions with strong financial grounding.

Specific topics include: financial statements and reports, drivers of cost and financial risk, working capital analysis, cashflow and profitability. You’ll complete the course able to measure financial performance and make data-driven decisions that support business goals.

Note: After January 17, 2023, this course will no longer be offered. See MGMT250 Financial Accounting Fundamentals to fulfill requirements for the Business Management Program.

Overview

Location: Online
Duration: 12 weeks
Can be applied to:
Business Management Certificate

What you will learn

After completing this course, you’ll be able to do the following:

Identify key terms associated with finance
Describe how a financial system works within an organization
Differentiate the roles of key stakeholders who contribute to the financial structure of an organization
Interpret financial statements and annual reports in order to drive organizational goals
Apply financial analysis techniques to support strategic business decisions
Analyze connections between organizational goals, strategies and budgets to align with short and long-term goals
Assess the risks associated with connecting financial objectives, goals and the strategic direction of an organization

How you will learn and be evaluated

Prepare to spend 6–10 hours per week on coursework
Expect readings and other assignments on a weekly basis
Plan to access the course at least once every few days to keep up with your work and class discussions

You will be evaluated on:

Assignments
Exams
Individual or group projects
Participation and attendance

Learning Materials

Course fees do not include textbooks. We recommend you purchase your textbook as soon as you’ve registered. We will provide additional course materials online.

Required text:

McLaney. MyAccountingLab with Pearson eText – Instant Access – for Accounting and Finance for Non-Specialists, 11^th Edition. Pearson Canada, 2019. ISBN: 9781292244082. Course ID for registering with publisher: rai32891.

Technical Requirements

For online courses, you will need a computer with audio and microphone that is connected to the internet. Canvas is the online system that will be used for the course. For more information and online support, visit Online Learning.