FINANCIAL MANAGEMENT introduces students to a wide range of financial analysis, managerial decision making, and financial accounting concepts and skills including performance metrics, cash-flow management, expense-control strategies, depreciation and obsolescence evaluation, the accounting cycle, and much more. Students prepare and interpret financial statements, forecast sales, develop budgets, and conduct multiple forms of financial analysis. Financial regulations, accounting standards, and financial information technology are also emphasized throughout the course.

INSTRUCTIONAL AREA: Business Law
Discuss the impact of the Sarbanes-Oxley Act of 2002 on financial accounting (BL:088) (SP)
Explain the role of the Dodd-Frank Act in business (BL:140) (SP)
Describe personal liability issues in finance (e.g., whistleblower regulations, failure to report, bribery, foreign corrupt practices, etc.) (BL:141) (SP)
INSTRUCTIONAL AREA: Financial Analysis
Explain the nature of risk management (FI:084, FI LAP 8) (SP)
» FINC.14.06.e, MANC.11.06.e, MKTC.19.05.e
Explain the use of technology in accounting (FI:352) (SP)
» FINC.06.01.d, MANC.04.01.d, MKTC.08.01.d
Discuss the nature of the accounting cycle (FI:342) (CS)
Construct annual reports (FI:629) (SP)
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
Prepare balance sheets (FI:393) (MN)
Describe the nature of income statements (FI:094, FI LAP 4) (SP)
» FINC.06.02.d, MANC.04.02.d, MKTC.08.02.d
Prepare income statements (FI:149) (MN)
Describe the nature of statements of equity and retained earnings (FI:630) (SP)
Explain cash control procedures (e.g., signature cards, deposit slips, internal/external controls, cash clearing, etc.) (FI:113) (CS)
Explain the nature of electronic funds transfer (EFT) (FI:399) (CS)
Explain the nature of the voucher system (FI:404) (CS)
Explain the impact of bank reconciliations on business activities (FI:631) (SP)
Explain the nature of accounts payable (FI:409) (CS)
Discuss controls for vendor master files in accounts payable (FI:632) (CS)
Analyze purchase transactions (FI:411) (CS)
Analyze the impact of accounts payable schedules on working capital (FI:633) (SP)
Explain the nature of accounts receivable (FI:424) (CS)
Explain controls for customer files in accounts receivable (FI:634) (CS)
Analyze sales transactions (FI:426) (CS)
Analyze sales returns and allowances (FI:635) (SP)
Analyze the collection of accounts receivable (FI:636) (SP)
Analyze the impact of accounts receivable collection on working capital (FI:637) (SP)
Explain the nature of payroll expenses (e.g., Social Security tax, Medicare tax, FUTA, SUTA, workers’ compensation, etc.) (FI:638) (CS)
Discuss the impact of employee benefits on business financials (FI:639) (SP)
Analyze employee payments (FI:640) (SP)
Explain the nature of special journals (FI:407) (CS)
Discuss the impact of obsolescence on business expense (FI:641) (SP)
Explain methods used to account for inventory (e.g., FIFO, LIFO, average cost, etc.) (FI:586) (SP)
Discuss the nature of long-term assets (e.g., tangible assets, intangible assets, natural resources, etc.) (FI:642) (SP)
Analyze depreciation schedules (FI:643) (SP)
Analyze business debt (FI:644) (MN)
Describe the nature of budgets (FI:106, FI LAP 3) (SP)
» FINC.14.08.a, MANC.11.08.a, MKTC.19.07.a
Explain the nature of sales forecasts in financial management (FI:645) (SP)
Use the time value of money to make business decisions (e.g., projects, investments, etc.) (FI:646) (SP)
Discuss the nature of pro forma statements (FI:509) (SP)
» FICF.02.08.a
Discuss the nature of working capital/cash flow management (FI:513) (SP)
» FICF.02.09.a
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)
» FINC.14.08.j
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)
» FICF.02.12.g
Conduct cost-volume-profit analysis (FI:454) (MN)
Conduct marginal analysis (FI:588) (MN)
Conduct variance analysis (FI:457) (MN)
Calculate return on investment (ROI) (FI:647) (MN)
Measure cost-effectiveness of expenditures (FI:648) (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:376) (MN)
INSTRUCTIONAL AREA: Professional Development
Discuss the roles and responsibilities of accounting-standard-setting bodies (i.e., SEC, FASB, IASB, GASB) (PD:295) (SP)
Compare U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) (PD:296) (SP)
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 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)
» MKMN.06.02.e
INSTRUCTIONAL AREA: Financial-Information Management
Demonstrate data mining techniques (FM:012) (SP)
» FINC.18.04.b
Demonstrate budgeting applications (FM:013) (SP)
» FINC.18.04.c
Demonstrate financial analysis applications (FM:014) (SP)
» FINC.18.04.d
Demonstrate advanced database applications (FM:015) (SP)
» FINC.18.04.e
Discuss non-traditional uses for financial information (e.g., lean, sustainability reporting, activity-based costing [ABC], six sigma) (FM:016) (SP)

» = Colorado standard