90-724 Financial Analysis
12 units, Carnegie Mellon University
This course provides an overview of how managers, investors, creditors, donors, foundations, and other parties use financial information to make decisions in organizations. It includes tools of both financial and managerial accounting. Unit 1 focuses on the financial reports and analysis of the financial position and the operating results of business organizations. You will learn several techniques such as common sizing, trend analysis and ratio analysis to help you analyze an organization for which you have no information except the annual published financial report. Exam 1 will be given at the end of Unit 1. The second part of the course, Unit 2, looks at the financial reports of organizations in the private nongovernment notforprofit sector. We will compare and contrast the reporting and analysis of these NPOs with that of businesses, and discuss the needs for different information and performance measures in the private notforprofits. Exam 2 will be given at the end of Unit 2. In the last unit, Unit 3, we look at organizations not as an outsider investor, donor, creditor, but instead as a manager inside the organization. You will learn how to use several financial tools available to managers such as budgets, decision making tools, and break even analysis, and how to predict or measure the financial impact of different alternatives. This is often referred to as managerial accounting. The final exam covers the material in Unit 3.
Prerequisites: none listed
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