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MGMT 326 - Principles of Finance for Manufacturing
Credits: 5
Variable Credit Course: No
Lecture Hours: 55
Lab Hours: 0
Worksite/Clinical Hours: 0
Other Hours (LIA/Internships): 0
Course Description: Introduction to the application of financial management principles and practices in manufacturing organizations. Study and analyze the content of corporate financial statements and use the information as the basis for making business decisions. Evaluate cash flow statements and consider depreciation and tax implications for capital equipment purchases. Explore demand forecasting and examine ways to reduce bias and risk when making financial decisions.
Prerequisite: BASAMD Department Chair permission.
Strongly Recommended:
Special Requirements:
Meets FQE Requirement: No
Integrative Experience Requirement: No
Student Learning Outcomes
- Examine and classify corporate financial information by reviewing financial statements, such as balance sheets, income statements, and cash flow statements.
- Defend capital equipment purchases by solving financial problems that consider cash flow, depreciation, and tax implications and use principles of algebra and calculus.
- Solve problems related to demand forecasting of manufacturing products by following a standard problem-solving method that includes the use of computational software tools and the use of principles of algebra and calculus.
- Analyze approaches to managing financial risk, including the impact of bias, by reviewing manufacturing case studies.
Course Contents
- Introduction to finance.
- Overview of financial statements.
- Balance sheets.
- Income statements.
- Cash flow statements.
- Equipment purchases.
- Maintenance costs.
- Demand forecasting.
- Financial risk.
Instructional Units: 5
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