What is the Learning Outcome of the MS in Finance E-Course?

• 1) Describe the art of finance and key financial terms
  
• 2) Determine your role in company finances
  
• 3) Find the rules and regulations for your area and industry
  
• 4) Discuss various types of financial reports, including income statements, balance sheets, cash flow statements, and statements of retained earnings
  
• 5) Explain how a chart of accounts is created
  
• 6) Tell the difference between cash and accrual accounting
  
• 7) Explain single-entry and double-entry bookkeeping
  
• 8) Differentiate between debits and credits
  
• 9) Identify and analyze important financial data and make financial decisions
  
• 10) Read annual reports
  
• 11) Determine whether a company is financially high or low risk
  
• 12) Recognize different types of organizational financial plans
  
• 13) Explain what budgets are and how to prepare them
  
• 14) Recognize what computer skills you need to make you a financial whiz
  
• 15) Deal with financial situations that impact the people that work for you
  
• 16) Define basic financial terminology
  
• 17) Prepare a budget of any type or size
  
• 18) Get your budget approved
  
• 19) Perform basic ratio analysis
  
• 20) Make better financial decisions
  
• 21) Identify and describe the three basic forms of business organizations
  
• 22) Determine the effects of individual transactions on the financial statements
  
• 23) List and describe the four main financial statements
  
• 24) Classify and record financial transactions
  
• 25) List and execute the steps in the accounting cycle
  
• 26) Work with t-accounts and journals
  
• 27) Describe how to use adjusting entries
  
• 28) Describe how to close out a set of accounts using a worksheet
  
• 29) Describe how to prepare a classified balance sheet
  
• 30) Identify and discuss the underlying assumptions, major principles and modifying conventions of accounting
  
• 31) Process all the transactions necessary for a merchandising business
  
• 32) Calculate the net realizable value and use is as a key performance indicator (KPI)
  
• 33) Count and manage all the transactions relating to inventory
  
• 34) Put in place the controls to help prevent errors in the handling of cash
  
• 35) Manage the checking account and petty cash transactions and the associated document flow
  
• 36) Calculate, analyze and use the financial results-quick ratio
  
• 37) Manage the accounts receivables and payables using the allowance method
  
• 38) Calculate provisions to payables, uncollectable etc.
  
• 39) Calculate interest on notes receivable or notes payable;
  
• 40) Analyze and use the financial results—accounts receivable turnover and the number of days' sales in accounts receivable.
  
• 41) Describe the necessity for and features of internal control
  
• 42) Define cash and list the objectives sought by management in handling a company's cash
  
• 43) Identify procedures for controlling cash receipts and disbursements
  
• 44) Prepare bank reconciliation statements and make necessary journal entries based on that schedule
  
• 45) Explain why a company uses a petty cash fund, describe its operations, and make the necessary journal entries
  
• 46) Calculate, analyze and use the financial results-quick ratio.
  
• 47) Identify and discuss the underlying assumptions or concepts of accounting
  
• 48) Identify and discuss the major principles of accounting
  
• 49) Identify and discuss the modifying conventions (or constraints) of accounting
  
• 50) Describe the conceptual framework project of the Financial Accounting Standards Board
  
• 51) Discuss the nature and content of a company's summary of significant accounting policies in its annual report
  
• 52) Identify the reasons why adjusting entries must be made; Identify the classes and types of adjusting entries
  
• 53) Prepare adjusting entries
  
• 54) Understand how depreciation is calculated and posted
  
• 55) Understand the effect on financial reports when adjustment entries are not processed
  
• 56) Understand how and why trend percentages are used when analysing financial reports
  
• 57) Prepare a work sheet for a service company
  
• 58) Summarize the steps in the accounting cycle
  
• 59) Prepare an income statement, statement of retained earnings, and balance sheet using information contained in the work sheet
  
• 60) Prepare adjusting and closing entries using information contained in the work sheet
  
• 61) Analyze and use the financial results—the current ratio
  
• 62) Prepare a post-closing trial balance
  
• 63) Describe the evolution of accounting systems
  
• 64) Prepare a classified balance sheet
  
• 65) Record journal entries for sales transactions involving merchandise
  
• 66) Describe briefly cost of goods sold and the distinction between perpetual and periodic inventory procedures
  
• 67) Record journal entries for purchase transactions involving merchandise
  
• 68) Describe the freight terms and record transportation costs. Determine cost of goods sold
  
• 69) Prepare a classified income statement
  
• 70) Analyze and use the financial results—gross margin percentage
  
• 80) Prepare a work sheet and closing entries for a merchandising company
  
• 81) Explain and calculate the effects of inventory errors on certain financial statement items.
  
• 82) Indicate which costs are properly included in inventory.
  
• 83) Calculate cost of ending inventory and cost of goods sold under the four major inventory costing methods using periodic and perpetual inventory procedures.
  
• 84) Explain the advantages and disadvantages of the four major inventory costing methods.
  
• 85) Record merchandise transactions under perpetual inventory procedure.
  
• 86) Apply net realizable value and the lower-of-cost-or-market method of inventory.
  
• 87) Estimate cost of ending inventory using the gross margin and retail inventory methods.
  
• 88) Analyze and use the financial results- inventory turnover ratio.
  
• 89) Use the account as the basic classifying and storage unit for accounting information
  
• 90) Express the effects of business transactions in terms of debits and credits to different types of accounts
  
• 91) List the steps in the accounting cycle
  
• 92) Record the effects of business transactions in a journal
  
• 93) Post journal entries to the accounts in the ledger
  
• 94) Prepare a trial balance to test the equality of debits and credits in the journalizing and posting process
  
• 95) Analyze and use the financial results—horizontal and vertical analyses
  
• 96) Account for uncollectable accounts receivable under the allowance method
  
• 97) Record credit card sales and collections
  
• 98) Define liabilities, current liabilities, and long-term liabilities
  
• 99) Define and account for clearly determinable, estimated, and contingent liabilities
  
• 100) Account for notes receivable and payable, including calculation of interest
  
• 101) Account for borrowing money using an interest-bearing note versus a non interest-bearing note
  
• 102) Analyze and use the financial results—accounts receivable turnover and the number of days' sales in accounts receivable.

• Bank treasurers, financial engineers, investment bankers, commercial or retail bankers, investment fund managers, venture capital managers, employees in insurance companies, private equity specialists Financial managers in non-financial companies (e.g. cor- porate treasurers, corporate finance managers, investor relations officers, traders, risk managers) Analysts, financial advisors, consulters
• Members of governments, employees in public services, in legal firms and in regulatory bodies, managers in inter- national financial institutions and in central banks and participants seeking senior positions in these fields.