Burnham Academic e-Portfolio

Financial Literacy

Criteria: Demonstrate financial literacy and the ability to evaluate an organization’s financial position as it impacts the decision-making process both internally and externally.  

Evidence: Student artifacts provide extensive evidence that demonstrates the ability to analyze, interpret and evaluate the financial statements of an organization and to assess its financial position. Students demonstrate the ability to apply these skills effectively and accurately.

Advertisements

1 Comment »

  1. While I don’t think I can confidently state that I have arrived at a point that I can demonstrate a working literacy in the financial positioning of an organization, I do think I have gained an extensive appreciation for the variables associated with assessing financial viability. As a young adult in the middle 70s, I serendipitously gleaned the ability to live frugally simply as a function of the economic instability of the times. Now, in the new millennium, those old behaviors require a deeper understanding of any global impact that might occur as a result. The logical beginning for gaining a sense of the “bigger picture” is to learn to examine one company and its many facets of interconnectivity specific to its financial stability.

    One might say that I “lucked out” with regard to the particular instructor I drew registering for Accounting for Business Management (AC551). I remember my fear after registering for AC551 – I had never taken even a bookkeeping course before! I called my son (who had already accomplished his MBA in Financial Management at Thomas) and whined, “how will I ever get through this course?”. A natural team player, he cheered me on with the mantra, “If anyone can teach you accounting, Mr. Largay can!” I had to believe him; I’m glad I did; he was exactly correct!

    Mr. Largay’s teaching [to me] extended beyond business accounting. He recognized my enthusiasm for learning in general, and then took advantage specifically of my ability to actually learn, by inviting me to assist him in a special Business Simulation course. The course design forced teams of students to predict success of a company based on financial decision-making in all areas of concern (e.g., marketing, production, inventory, etc.). In that capacity, I was essentially simultaneously the “tech-on-premise” [for the course] and a personal tutor for any who asked. After two successful runs of the course, Mr. Largay awarded me course credit for FN555 (in addition to a stipend) because by that time, as he told me, “[I] could run the course in his place…”.

    Some members of the class earned credit for AC551, the original course that I had taken with Mr. Largay. However, for those like me, who had already accomplished the accounting piece, the request to practice the holistic thinking required to predict financial viability expanded our understanding exponentially. We discovered that it is not enough to think only of the bottom line, but to equally focus our attention on the entire business, including (but, of course not limited to) human capital, product quality, and marketing trends.

    Comment by Colleen Burnham — March 31, 2009 @ 1:36 pm


RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: