FINANCIAL ANALYSIS FOR MANAGERS is not strictly an accounting course, a finance course, or a management course. Instead, it is a course that brings together all three of these business functions. It introduces students to accounting and finance knowledge and skills that all managers should possess, regardless of business type, size, or department. In this course, would-be members of management forecast sales, develop budgets, manage cash flow, develop expense control plans, interpret financial statements, and much more. Throughout the course, students are presented problem-solving situations for which they must apply academic and problem-solving skills.

INSTRUCTIONAL AREA: Communication Skills
Display data in charts/graphs or in tables (IM:347) (SP)
Prepare and use presentation software to support reports (IM:386) (SP)
Prepare written reports for decision-making (IM:390) (SP)
INSTRUCTIONAL AREA: Financial Analysis
Explain the time value of money (FI:062) (CS)
» FINC.14.01.e, MANC.11.01.e, MKTC.18.01.e
Explain the nature of risk management (FI:084, FI LAP 8) (SP)
» FINC.14.06.e, MANC.11.06.e, MKTC.19.05.e
Describe the need for financial information (FI:579) (CS)
» FINC.18.01.a,
Explain the concept of accounting (FI:085, FI LAP 5) (CS)
» FINC.06.01.a, MANC.04.01.a, MKTC.08.01.a
Discuss the role of ethics in accounting (FI:351) (SP)
» FINC.06.01.c, MANC.04.01.c, MKTC.08.01.c
Explain the use of technology in accounting (FI:352) (SP)
» FINC.06.01.d, MANC.04.01.d, MKTC.08.01.d
Explain legal considerations for accounting (FI:353) (SP)
» FINC.06.01.e, MANC.04.01.e, MKTC.08.01.e
Explain the purpose of internal accounting controls (FI:343) (SP)
» MAOM.03.03.a
Describe the nature of cash flow statements (FI:091, FI LAP 6) (SP)
» FINC.06.02.a, MANC.04.02.a, MKTC.08.02.a
Prepare cash flow statements (FI:092) (MN)
» MANC.04.02.b, MKTC.08.02.b
Explain the nature of balance sheets (FI:093) (SP)
» FINC.06.02.c, MANC.04.02.c, MKTC.08.02.c
Describe the nature of income statements (FI:094, FI LAP 4) (SP)
» FINC.06.02.d, MANC.04.02.d, MKTC.08.02.d
Explain methods used to account for inventory (e.g., FIFO, LIFO, average cost, etc.) (FI:586) (SP)
Explain the role of finance in business (FI:354, FI LAP 7) (CS)
» FINC.07.01.a, MANC.05.01.a, MKTC.09.01.a
Discuss the role of ethics in finance (FI:355) (SP)
» FINC.07.01.b, MANC.05.01.b, MKTC.09.01.b
Explain legal considerations for finance (FI:356) (SP)
» FINC.07.01.c, MANC.05.01.c, MKTC.09.01.c
Explain the nature of sales forecasts (MP:013) (SP)
Calculate the time value of money (FI:238) (SP)
Discuss the nature of pro forma statements (FI:509) (SP)
Discuss the nature of working capital/cash flow management (FI:513) (SP)
Explain the nature of operating budgets (FI:098) (SU)
» FINC.14.08.b, MANC.11.08.b, MKTC.19.07.b
Describe the nature of cost/benefit analysis (FI:357) (MN)
» FINC.14.08.c, MANC.11.08.c, MKTC.19.07.c
Determine relationships among total revenue, marginal revenue, output, and profit (FI:358) (MN)
» FINC.14.08.d, MANC.11.08.d, MKTC.19.07.d
Develop company’s/department’s budget (FI:099) (MN)
» FINC.14.08.e, MANC.11.08.e
Forecast sales (FI:096) (MN)
» FINC.14.08.f, MANC.11.08.f
Analyze cash-flow patterns (FI:100) (MN)
Manage cash flow (FI:225) (MN)
Describe types of financial statement analysis (e.g., ratio analysis, horizontal analysis, etc.) (FI:334) (MN)
Calculate financial ratios (FI:097) (MN)
» FINC.14.08.g, MANC.11.08.g
Interpret financial statements (FI:102) (MN)
» FINC.14.08.h, MANC.11.08.h, MKTC.19.07.h
Discuss the use of benchmarks when analyzing ratios (FI:556) (MN)
Conduct cost-volume-profit analysis (FI:454) (MN)
Determine actual product costs (FI:587) (MN)
Develop standard product costs (FI:455) (MN)
Conduct marginal analysis (FI:588) (MN)
Conduct variance analysis (FI:457) (MN)
Allocate budget (FI:320) (MN)
Calculate return on investment (ROI) (FI:321) (MN)
Measure cost-effectiveness of expenditures (FI:325) (MN)
INSTRUCTIONAL AREA: Operations
Explain the nature of overhead/operating costs (OP:024) (SP)
» FINC.16.01.a, MANC.13.04.a, MKTC.22.01.a
Conduct breakeven analysis (OP:192) (MN)
» FINC.16.01.d, MANC.13.04.d, MKTC.22.01.d
Develop expense control plans (OP:029) (MN)
» FINC.16.01.g, MANC.13.04.g, MKTC.22.01.g
Use budgets to control operations (OP:030) (MN)
» FINC.16.01.h, MANC.13.04.h, MKTC.22.01.h
Track budgets (OP:185) (MN)
INSTRUCTIONAL AREA: Professional Development
Explain the role of managerial accounting techniques in business management (PD:171) (SP)
Describe the scope of costs in managerial accounting (e.g., direct cost, indirect cost, sunk cost,
differential cost, etc.) (PD:275) (SP)
Discuss the use of cost-volume-profit analysis (PD:169) (SP)
Discuss cost accounting systems (e.g., job order costing, process costing, etc.) (PD:170) (SP)
Explain methods used to allocate overhead costs in a cost accounting system (e.g., activity-based
costing [ABC], traditional costing, etc.) (PD:276) (SP)
Discuss the role of standard costing in managerial accounting (PD:172) (SP)
Discuss the use of variance analysis in managerial accounting (PD:173) (SP)
Describe marginal analysis techniques and applications (PD:277) (MN)
Discuss the nature of balanced scorecards (PD:278) (MN)
INSTRUCTIONAL AREA: Strategic Management
Analyze operating results in relation to budget/industry (SM:005) (MN)
» FINC.15.03.b, MANC.12.03.b
Select metrics for measuring success (SM:024) (MN)

» = Colorado standard