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Financial Management

Certificate ID: HAMEC01
Interpret financial information, assess the costs and benefits of business decisions, and effectively communicate operational and financial strategies to maximize economic value for your organization.

Description

Today, a good idea is not good enough — leaders must demonstrate that their idea will deliver measurable results to the bottom line. To drive innovation and organizational success, leaders need to make effective business decisions that provide the most economic value to their organizations. They must effectively communicate and discuss project and investment alternatives with an organization’s financial managers.

In many organizations, however, miscommunication and limited access to financial management training hinder effective decision-making. Financial Management for Making Business Decisions provides non-financial managers with the financial acumen that enables them to address these problems. eCornell believes a better financial management course will help you make more useful business decisions.

This four-part financial management course uses easily understood, relevant case examples and engaging, interactive explanations to demystify financial terminology, assumptions, and concepts. The series includes a combination of finance and accounting topics and enables participants to interpret financial information, assess the costs and benefits of business decisions, and communicate operational and financial strategies.

Who Should Take This Certificate?

This series course is essential for all levels of managers, directors, and company officers who are responsible for making financial or capital budgeting decisions within their organization or must be able to interpret and use financial data.

Requirements

Participants in these courses need one of the following financial calculators:

• Hewlett-Packard 12C
• Texas Instruments BA II Plus

Both are available for purchase directly from Amazon.com.

Enrollment

To register, contact an Enrollment Counselor at info@ecornell.com or 1-866-eCornell (+1-607-330-3200 from outside the United States).

Certificate programs are eligible for eCornell Payment Plans. Discounts are available for military personnel, veterans, and Cornell University Alumni. eCornell programs are not eligible for financial aid or federal Pell Grants. Contact an enrollment counselor for more information.

Courses in this Certificate

• Mastering the Time Value of Money

  • In today's competitive business world, managers are charged with making many project-related decisions, often involving costs or revenues that will be encountered some time in the future. Managers need to have a fundamental understanding of the time value of money.

    In this course, participants develop a solid understanding of the time value of money. Using timelines and cash-flow calculations they will learn to project cash flow, calculate payments, establish the value of securities and investments, and determine when it is more cost effective to lease or to buy.

    Course Description
• Making Capital Investment Decisions

  • One of the most important aspects of a manager's job is to evaluate the feasibility of new initiatives and to make sound investment decisions. This includes conducting a thorough and reliable analysis using the appropriate financial decision-making tools.

    In this course, participants will learn six capital budgeting rules that provide a framework for making sound project investment decisions. Participants will examine how the rules differ from one another, and which rules are most appropriate for different project settings.

    Course Description
• Understanding Financial Statements

  • In order for organizations to succeed, leaders and managers must be able to accurately interpret and utilize financial reports. They must also be able to assess the overall financial performance of the organization, a particular department, or the competition, and then convey the organization's financial condition to its constituents.

    In this course, participants will learn how to read and interpret income statements, balance sheets, and cash flow statements. By understanding the information contained in each of these key reports, participants will have a solid foundation upon which to base more advanced analysis of their firm's financial performance.

    Course Description
• Using Ratio Analysis to Evaluate Financial Performance

  • The ability of an organization to analyze its financial position is essential for improving its competitive position in the marketplace. Through a careful analysis of its financial performance, the organization can identify opportunities to improve performance at the department, unit, or organizational level.

    In this course, participants will learn to use several ratio analysis instruments to achieve a comprehensive understanding of a firm's financial performance. The course then addresses how this financial health information can be used as a foundation upon which to design and implement initiatives for increased productivity and profitability.

    Course Description

Accreditation

Participants who successfully complete all four courses in the series receive a Certificate in Financial Management from Cornell University.

ACE CREDIT Recommendation

The American Council on Education recommends this Certificate Program for 2 semester hours in Principles of Finance or Financial Management in the upper division baccalaureate degree category.

HRCI Recertification

The courses in this certificate series have each been approved for six (6) Strategic Management recertification credit hours toward SPHR and GPHR recertification and six (6) recertification credit hours toward PHR, SPHR, and GPHR recertification through the Human Resource Certification Institute. Please contact the Human Resource Certificate Institute (HRCI) for further information about certification or recertification.

Technical Requirements

With all eCornell courses, access is easy. Participants only need a computer and an Internet connection. To view specific technology requirements, visit our Technology Requirements page.

 
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