FIN 260 - Financial Management for Small Business at Virginia Highlands Community College
Course Description
Effective: 2019-01-01
Provides the tools of financial planning for the small business owner. Includes areas such as financial statements, ratio analysis, forecasting profit, cash flow, pricing, and obtaining capital.
Lecture 2 hours. Total 2 hours per week.
2 credits
General Course Purpose
This course is a career technical course within the Management AAS and for the Entrepreneurship in Small Business CSC. The purpose of this course is to prepare students for their role as financial managers within an enterprise.
Course Objectives
- Recognize the role of the finance functions in the business organization
- Describe the objectives of financial management in the business organization
- Evaluate the financial condition and financial performance of a firm
- Identify and distinguish tradeoffs between risks and expected returns
- Explain the concepts of operating leverage, financial leverage, and combined leverage
- Calculate the degree of operating leverage, financial leverage, and combined leverage
- Compute the interrelationships between a firm's sales and costs of various output levels by using breakeven analysis techniques
- Calculate and understand the importance of uneven cash flows
Major Topics to be Included
- The role and goals of financial management
- The financial environment
- Financial statements and financial ratio analysis
- Breakeven analysis
- Financial planning and forecasting
- Working capital management