BUS 622 - Operational Financial Management

3 Credits

This course will examine the role of finance and the formation of financial strategies needed to support operations. A quick review of key financial statements and the information derived from these statements will be followed by an analysis of financial needs based on various scenarios. Specific attention will be paid to cash flow. Sources of equity and debt capital are examined. The course focuses on managing the cash cycle under different operational conditions. These include financially stable operations, growth and expansion, distress, special projects, acquisitions, etc. The different sources of cash from equity to bank lines of credit and mezzanine and other non-bank loans are researched and evaluated with respect to risk, cost, and availability to allow the student to make sound financing decisions appropriate for his/her organization in any situation. This is not an accounting course but a course designed to help operating managers in manufacturing, service, non-profit, health care, and other organizations as well as entrepreneurs and intrapreneurs assess the finances they need and work together with accountants and finance professionals to develop projections of needed cash and to cover these needs through equity or debt.