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Small Business Financial Management

Credit(s): 3

This course includes a focused approach on the financial and accounting aspects of operating and growing a business. Students will learn about options for capital and how to manage credit. This course also examines the relationship of managerial accounting to control cash flow and the decision making functions of management. It includes a study of how costs are classified and analyzed for cost-volume-profit analysis (i.e. breakeven and target profit analysis). Students will also learn basic dual-entry accrual accounting theories, financial statement structure and cash flow projection. In addition, students will learn the basic tenets of establishing and evaluating budgets and the implementation of a strong internal control system.
Corequisites: ENTP-105