EDAD 640 Administrative Finance
Basic concepts of accounting and reporting, analysis, and interpretation of financial statement (working capital and liquidity), variance analysis of income statements and expenditure, principles of time value of money, and budgeting, an introduction to costing principles, and issues in strengthening the financial condition of an institution or a business.
WHO NEEDS THIS COURSE?
This course may also be taken by
At least 5 hours per week day for approximately 2 months
Upon completion of this course, the students will be able to:
- Understand the SDA Structure of Governance, Financial Policies, particularly those related to academic institutions.
- Realize, appreciate and apply ethics to accounting and financial practice.
- Understand the basic concepts of accounting and how they apply to the accounting process.
- Read and draw conclusions from basic financial statements.
- Obtain and use financial ratios for analyzing liquidity and profitability of a firm.
- Understand the planning process and the best practices in budgeting.
- Realize the role of time value in finance, understanding the concepts of future and present value.
TOPICS TO COVER
|Week 1||Introduction to Administrative Finance and the Adventist|
|Week 2||Accountability and Ethics|
|Week 3||Basic Concepts and the Accounting Model|
|Week 4||Analyzing and Recording Transaction|
|Week 5||Financial Statement and Fund Accounting|
|Week 6||Managerial Accounting|
|Week 8||Adventist Church Financial Policies, Stewardship, SWOT Analysis|
Eric J. De Sera Nasution, PhD
Eric J. De Sera Nasution is a Professor in Business Department at AIIAS. He has spent more than 20 years in the finance & banking field and more than 30 years in the graduate studies of business & economics.