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Course Description

Close up of calculator, one euro coins and balance sheet

The viewpoint taken in the course is that of the senior financial officer of a business firm. The focus is on the management of cash, accounts receivable, inventory and short and intermediate term liabilities. Emphasis is placed on the analysis and forecasting of financial statements, and financial modeling for planning and controlling the growth of the business enterprise.

Learning Outcomes

By the end of the course, the learner should be able to:

  1. Analyze the financial statements of a firm as a basis of appraising business performance from the viewpoint of three groups: managers, owners, and lenders; identify critical points using standardized professional tools of analysis, understand what to do to handle identified weaknesses.
  2. Appreciate the importance of and learn how to develop an appropriate working capital policy; apply the various tools and techniques available to help in the management of cash, accounts receivable and inventory; distinguish the various sources of short-term financing such as accounts payable, bank loans, and commercial paper.
  3. Produce a Statement of Cash Flow (SCF); understand differences between cash flow and income; assess SCF structure and components; understand how the management of cash flow is critical to successful business performance; understand what to do to handle weaknesses identified via professional SCF analysis.
  4. Prepare pro forma financial statements and cash budget; interpret these statements for potential risk sources; conduct sensitivity analysis. Appraise these projections using tools such as Sustainable Growth and the Cash Conversion Cycle. Understand the limitations of these tools in real business situations, and what could be done to address these limitations.
  5. Realize, in the context of simulated business situations, how market developments may significantly impact financial statements; appreciate that multiple drivers may shape these impacts and that the firm may not have full information; recognize and quantify these impacts and their likely consequences; develop and implement effective managerial responses to both challenges and potential opportunities; quickly update and integrate previous strategic decisions; develop and execute effective communication in support of managerial decision making.

Course Topics

  • Statement of cash flows
  • Financial statement analysis (horizontal vertical, and ratio analysis)
  • Working capital
  • Proforma financial statements
  • Financial risk management

Additional Requirements

Prerequisite(s): ACCT*2230 or HTM*3070

Restriction(s): Registration in BCOMM or BA.EURS area of emphasis in European Business Studies


Assessment Item Weight Learning Outcomes
Self-directed learning  5% 1-9
Quizzes 20% 1-9
Cases Quizzes 15% 1-8
Midterm Exams (2) 40% 1-8
Final Exam 20% 1-9
Total 100%  


Additional Technical Requirements

This course will use the following:

  • Respondus tool to invigilate one or more exams. 

Please view the Technical Considerations.


Applies Towards the Following Certificates

Technical Requirements

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*Course details are subject to change.


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