Financial Management

The Financial Management strand covers the elementary bookkeeping procedures and financial statement for the small business and then expands to the records and financial statements for a small merchandising business. The course is suitable for students with different abilities, goals and interests who may be entering the work force soon after these courses, as well as for those who will take other accounting courses beyond this level.

There are four, 1-credit courses available in the area of financial management.

FIN1010 (Personal Financial Information) - explores the concepts that affect the finances of an individual, including a code of conduct, the economic environment, acquiring and using financial resources and the effects of government legislation.

FIN 1015 (Accounting Prep) - introduces students to accounting and terminology unique to financial accounting. Students become familiar with financial statements, generally accepted accounting principles, and how to prepare for the process of starting up a business.

FIN 1020 (Accounting Cycle 1) - introduces students to the accounting cycle for a service business. Students will analyze and record business transactions and become familiar with terminology unique to financial accounting.

FIN 1030 (Accounting Cycle 2) - has students completing the accounting cycle for a service business, preparing financial statements and closing accounts. Other factors of a business, including budgets, will also be explored.

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