Critical Thinking Skills in Financial Analysis WEEK ONE (1).pptx - Welcome to BADM 3253 Management Analysis and Control Course Learning Objectives \u2022

Critical Thinking Skills in Financial Analysis WEEK ONE (1).pptx

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Welcome to BADM 3253 Management Analysis and Control Course Learning Objectives: Investigate management control issues in entrepreneurial and existing businesses. Perform financial statement analyses (as they relate to management issues) Develop and use budgets Understand the relationships among business transactions Understand financial statement information can be used to solve managerial problems. 1
BADM 3253 Scope of Study My focus is real world. Theory is necessary, because our knowledge is based on a theoretical foundation; but application is equally important … so I intend to give you both! Financial Stmt Analysis provides a broad framework of knowledge and tools for evaluating our business (and personal) operations and predicting its future condition. I want us to develop a critical, user perspective to analyze and interpret financial statements to better understand performance and opportunity. YES, we will be reviewing numbers, calculating ratios, BUT this is not going to be an Accounting Course. Actually, it will be more of Leadership Course about financial modeling for improved performance and outcomes. So for the first few weeks are talking leadership; if you cannot lead you have no reason to interpret financial performance. Even if you are an Accountant by trade or heart, you must understand leadership, or the global impact of decision-making. 2
BADM 3253 Just as a taste of what we will be exploring Leadership Values and Decision-making (some Analytics and Strategy) Nature of Financial Reporting Revenue and Expense Recognition Forecasting Financial Statements … operational and for capital Financial Modeling Fundamentals Dashboards and Visualization Sensitivity Analysis for Modeling Equity Analysis More Leadership Dynamics A few surprises here and there 3
BADM 3253 Scope of Learning Assigned Weekly Readings … Responding Monographs. Read the article assigned and pick out one particular item in the reading that was impressive, thought provoking and worth commentary, and write a two-page summary of your focused item. Feel free to do some additional research on the item, but cite whatever you reference from other publications. Write the monograph; a distinct commentary on ONE (1) item you felt was significant, expanding on it with personal observations and empirical research that supports your thoughts and comments. Weekly Course ‘Take Aways’ … What did you Learn! 3 Exams Mid –Session Activity (8 th Week) and Final-Session Activity (16 th Week) Will be posted a week prior to due date 4
Motivation is an AMAZING thing!! 5
Critical Thinking Skills in Financial Analysis 6
What is critical thinking?

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