FINANCIAL MANAGEMENT: GOOD GOVERNANCE, TRANSPARENCY, AND ACCOUNTABILITY
About Course
This course is rooted in Christian beliefs that emphasize responsible stewardship, honesty, and integrity. Students will explore financial management principles and practices through the lens of biblical teachings, cultivating a values-driven approach to financial decision-making. By integrating faith and finance, students will develop a unique perspective on financial management, enabling them to make informed, ethical, and responsible financial decisions. This course benefits students by providing a comprehensive understanding of financial management, enhancing their critical thinking and problem-solving skills, and equipping them to make a positive impact in their organizations and communities, including churches, non-profit organizations, businesses, educational institutions, and government agencies.
Course Objectives
- Understand the importance of good governance, transparency, and accountability in financial management.
- Apply biblical principles to financial decision-making.
- Develop skills in financial analysis, planning, and control.
- Integrate ethical considerations into financial management practices.
Course Content
Module 1: Introduction to Financial Management
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Topic: Foundations of Financial Management
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Objective: To understand the importance of financial management in organizations.
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Learning Outcomes: Define financial management, explain its importance, and identify its key components.
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Biblical Text: Matthew 25:14-30. The importance of responsible financial management.
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Book Reading: Brigham, E. F., & Ehrhardt, M. C. (2020). Financial management: Theory and practice (Chapters 1-2). Cengage Learning.
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Assignment: Write a 500-word essay on the importance of financial management in organizations. Create a personal financial plan.
Module 2: Financial Statement Analysis
Module 3: Budgeting and Forecasting
Module 4: Cost Management
Module 5: Financial Planning and Decision-Making
Module 6: Working Capital Management
Module 7: Financial Markets and Institutions
Module 8: Risk Management and Insurance
Module 9: International Financial Management
Module 10: Financial Reporting and Disclosure
Module 11: Corporate Governance and Ethics
Module 12: Transparency and Accountability in Financial Management
Module 13: Financial Management in Non-Profit Organizations
Module 14: Financial Management in Small and Medium-Sized Enterprises (SMEs)
Module 15: Financial Management and Sustainability
Module 16: Best Practices in Financial Management
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