EFFECTIVE FINANCIAL MANAGEMENT FOR BUSINESS LEADERS AND MANAGERS

About Course

Course Description

This advanced course provides business leaders and managers with a comprehensive understanding of effective financial management principles and practices. Students will learn how to analyze financial data, make informed financial decisions, and develop strategic financial plans that drive business growth and profitability. The course integrates biblical principles and values into financial management practices.

Course Objectives:

Analyze financial data and make informed financial decisions
Develop and implement effective financial management strategies
Evaluate and manage financial risk
Develop strategic financial plans that align with business objectives
Communicate financial information effectively to stakeholders

Upon completion of this course, students will be able to:
Understand biblical principles of financial management
Analyze financial statements and data
Develop and implement effective financial management strategies
Evaluate and manage financial risk
Develop strategic financial plans that align with business objectives
Communicate financial information effectively to stakeholders

Course Content

Module 1: Introduction to Financial Management

Topic: Biblical Principles of Financial Management
Biblical Reading: Matthew 25:14-30
Learning Outcomes: – Understand biblical principles of financial management – Recognize the importance of integrating faith and finance in business decision-making
Objective: Recognize how biblical principles inform financial management practices and understand the value of integrating faith and finance in business decision-making.
Book Reading: Brigham, E. F., & Ehrhardt, M. C. (2020). Financial management: Theory and practice. Cengage Learning. (Chapter 1: “Introduction to Financial Management”)
Assignment: Write a reflective essay on the biblical principles of financial management. Create a personal financial mission statement

Module 2: Financial Statement Analysis

Module 3: Budgeting and Forecasting

Module 4: Financial Decision-Making

Module 5: Risk Management

Module 6: Strategic Financial Planning

Module 7: Financial Performance Evaluation

Module 8: Financial Markets and Institutions

Module 9: Financial Instruments and Markets

Module 10: Financial Planning and Forecasting

Module 11: Financial Risk Management

Module 12: Financial Leadership and Governance

Module 13: Financial Ethics and Social Responsibility

Module 14: Financial Planning for Non-Profit Organizations

Module 15: Financial Planning for Small Business

Module 16: Final Project Presentations

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About Course

What Will You Learn?

Course Content

Module 1: Introduction to Financial Management

Topic: Biblical Principles of Financial Management

Biblical Reading: Matthew 25:14-30

Learning Outcomes: – Understand biblical principles of financial management – Recognize the importance of integrating faith and finance in business decision-making

Objective: Recognize how biblical principles inform financial management practices and understand the value of integrating faith and finance in business decision-making.

Book Reading: Brigham, E. F., & Ehrhardt, M. C. (2020). Financial management: Theory and practice. Cengage Learning. (Chapter 1: “Introduction to Financial Management”)

Assignment: Write a reflective essay on the biblical principles of financial management. Create a personal financial mission statement

Module 2: Financial Statement Analysis

Topic: Analyzing Financial Statements

Biblical Reading: Luke 12:13-21

Objective: Learn the significance of financial statement analysis and develop skills to interpret financial statements and data.

Learning Outcomes: – Understand the importance of financial statement analysis – Analyze financial statements and data

Book Reading: Gallagher, T. J., & Parisi, J. F. (2019). Financial management: Principles and applications. Pearson Education. (Chapter 2: “Financial Statement Analysis”)

Assignment: Analyze an organization or company’s financial statements. Create a financial statement analysis template

Module 3: Budgeting and Forecasting

Topic: Creating a Budget and Forecast

Objective: Understand the importance of budgeting and forecasting and learn to create effective financial plans.

Biblical Reading: 1 Corinthians 4:2

Learning Outcomes: – Understand the importance of budgeting and forecasting – Create a budget and forecast

Book Reading: Van Horne, J. C., & Wachowicz, J. M. (2020). Financial management: Principles and applications. McGraw-Hill Education. (Chapter 3: “Budgeting and Forecasting”)

Assignment: Create a budget and forecast for a business. Create a budgeting and forecasting template

Module 4: Financial Decision-Making

Topic: Making Informed Financial Decisions

Objective: Develop an understanding of the financial decision-making process and learn to make informed, data-driven decisions.

Learning Outcomes: – Understand the importance of financial decision-making – Make informed financial decisions

Biblical Reading: Proverbs 22:7

Book Reading: Brigham, E. F., & Ehrhardt, M. C. (2020). Financial management: Theory and practice. Cengage Learning. (Chapter 4: “Financial Decision-Making”)

Assignment: Make an informed financial decision for a business. Create a financial decision-making template

Module 5: Risk Management

Topic: Managing Financial Risk

Biblical Reading: Matthew 25:14-30

Objective: Understand the role of risk management in financial planning and develop strategies to mitigate financial risk.

Learning Outcomes: – Understand the importance of risk management – Manage financial risk

Book Reading: Gallagher, T. J., & Parisi, J. F. (2019). Financial management: Principles and applications. Pearson Education. (Chapter 5: “Risk Management”)

Assignment: Manage financial risk for a business. Create a risk management template

Module 6: Strategic Financial Planning

Topic: Developing a Strategic Financial Plan

Biblical Reading: Proverbs 21:5

Objective: Learn the importance of strategic financial planning and develop skills to create a comprehensive financial plan.

Learning Outcomes: – Understand the importance of strategic financial planning – Develop a strategic financial plan

Book Reading: Van Horne, J. C., & Wachowicz, J. M. (2020). Financial management: Principles and applications. McGraw-Hill Education. (Chapter 6: “Strategic Financial Planning”)

Assignment: Develop a strategic financial plan for a business. Create a strategic financial planning template

Module 7: Financial Performance Evaluation

Topic: Evaluating Financial Performance

Biblical Reading: Matthew 25:14-30

Objective: Understand the significance of financial performance evaluation and develop skills to assess financial performance.

Learning Outcomes: – Understand the importance of financial performance evaluation – Evaluate financial performance

Book Reading: Brigham, E. F., & Ehrhardt, M. C. (2020). Financial management: Theory and practice. Cengage Learning. (Chapter 7: “Financial Performance Evaluation”)

Assignment: Evaluate the financial performance of a business. Create a financial performance evaluation template

Module 8: Financial Markets and Institutions

Topic: Understanding Financial Markets and Institutions

Biblical Reading: Luke 12:13-21

Objective: Understand the role of financial markets and institutions in business and analyze their impact on financial decision-making.

Learning Outcomes: – Understand the role of financial markets and institutions – Analyze the impact of financial markets and institutions on business

Book Reading: Gallagher, T. J., & Parisi, J. F. (2019). Financial management: Principles and applications. Pearson Education. (Chapter 8: “Financial Markets and Institutions”)

Assignment: Analyze the impact of financial markets and institutions on a business. Create a financial markets and institutions template

Module 9: Financial Instruments and Markets

Topic: Understanding Financial Instruments and Markets

Biblical Reading: Proverbs 22:7

Objective: Learn about various financial instruments and markets and analyze their impact on business operations.

Learning Outcomes: – Understand the different types of financial instruments and markets – Analyze the impact of financial instruments and markets on business

Book Reading: Van Horne, J. C., & Wachowicz, J. M. (2020). Financial management: Principles and applications. McGraw-Hill Education. (Chapter 9: “Financial Instruments and Markets”)

Assignment: Analyze the impact of financial instruments and markets on a business. Create a financial instruments and markets template

Module 10: Financial Planning and Forecasting

Topic: Developing a Financial Plan and Forecast

Biblical Reading: Matthew 25:14-30

Objective: Understand the importance of financial planning and forecasting and develop skills to create a comprehensive financial plan.

Learning Outcomes: – Understand the importance of financial planning and forecasting – Develop a financial plan and forecast

Book Reading: Brigham, E. F., & Ehrhardt, M. C. (2020). Financial management: Theory and practice. Cengage Learning. (Chapter 10: “Financial Planning and Forecasting”)

Assignment: Develop a financial plan and forecast for a business. Create a financial planning and forecasting template.

Module 11: Financial Risk Management

Topic: Managing Financial Risk

Biblical Reading: Luke 12:13-21

Objective: Develop an understanding of financial risk management principles and learn to apply them in business.

Learning Outcomes: – Understand the importance of financial risk management – Manage financial risk

Book Reading: Gallagher, T. J., & Parisi, J. F. (2019). Financial management: Principles and applications. Pearson Education. (Chapter 11: “Financial Risk Management”)

Assignment: Manage financial risk for a business. Create a financial risk management template