The following course inIntroduction to Financial Toolsis provided in its entirety by Atlantic International University's "Open Access Initiative " which strives to make knowledge and education readily available to those seeking advancement regardless of their socio-economic situation, location or other previously limiting factors. The University's Open Courses are free and do not require any purchase or registration, they are open to the public.
The course in Financial Tools contains the following:
The Administrative Staff may be part of a degree program paying up to three college credits. The lessons of the course can be taken on line Through distance learning. The content and access are open to the public according to the "Open Access" and " Open Access " Atlantic International University initiative. Participants who wish to receive credit and / or term certificate , must register as students.
Provides the foundation for management in many different industries.
A business manager may have a wide variety of responsibilities depending on the organization they are employed with.
Universal functions include:
This is the oldest school of thought for management. The emphasis of the classical school of management is to manage workers and organizations more efficiently. Classical theorists believed that experience above all affected an organization. It is the belief that employees have only economical and physical needs, and that social needs and need for job-satisfaction either don't exist or are unimportant. Accordingly, this school advocates high specialization of labor, centralized decision-making, and profit maximization.Lecture Materials
Lesson 3: Ethics and Social Responsibility
When making decisions, an organization must keep in mind the stakeholders when making decisions. This is part of CSR.
Stakeholders – an individual, group or organization that has direct or indirect stake in an organization because it can affect or be affected by the organization’s actions and policies.
Shareholders – are owners
Key stakeholders – include shareholders, employees, customers, creditors, governments, and community within which the business operates and draws its resources.
Business Ethics The principals and standards that define acceptable conduct in business and society.
Lesson 4: Globalization, its international role, and the challenges of the administrator
Globalization is important for business and industries of all types and sizes. Businesses are becoming increasingly borderless, and Globalization provides corporations with a chance to supply growing markets. It is a complex combination of opportunities and threats, due to many rules and regulations among many different countries.
Lesson 5: CHARACTERISTICS OF THE BALANCE SHEET
Sustainability: Involves the interaction of business with society Sustainability is about meeting the needs of the present without compromising the ability of future generations to meet their own needs. Sustainability: Thinking about the future by focusing on today. Is close to corporate social responsibility. A sustainable business has a balance between:
• EconomicsLecture Materials
Lesson 6: The Company and the Administrative Process
An organization is a - social unit of people that is structured and managed to meet a need or to pursue collective goals. All organizations have a management structure that determines relationships between the different activities and the members, and subdivides and assigns roles, responsibilities, and authority to carry out different tasks.Lecture Materials
Lesson 7: Strategic Management
Efficiency – making the best use of available resources. In other words, using or wasting as few resources as possible to get a job done.
Effectiveness – achieving goals as fully as possible. (Quality)
Managerial Success =
1. Low Resource use = High Efficiency
2. High Goal Achievement = High Effectiveness
Lesson 8: Accounting
Accounting is the language of business. Accounting - the recording, measurement, and interpretation of financial information essential in making business decisions. It provides information that feeds into many different areas of a business. Decisions cannot be made without financial information, which is what accountants provide. Accounting is used to communicate financial information internally and externally. Accountants – professionals responsible for ethics (integrity and transparency) in the reporting of financial information.Lecture Materials
Lesson 9: Finance Management
Finance Management– the management of large amounts of money, especially by governments or large companies.
Finance can also be defined as the science of money management.
• Determines how much money the company needs
• How and where it will get the necessary funds
• How and when it will repay the money
Lesson 10: Human Resources
Human Resources - set of interrelated activities, functions, and processes that are directed at attracting, developing, and retaining, a firm’s human resources. HRM or Human Resource Management is the management of the HR. Even though technology has taken over may aspects of business and replace some personnel, the knowledge we have today would be nowhere without the right team of workers in the right position in the right place with high motivation.Lecture Materials
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