HAME513 - Understanding Financial Statements

Course Description

Every property’s finance function keeps detailed records of the daily transactions involved in the running the organization. Periodically, they create reports that allow management, stakeholders and regulating authorities to have insight into the financial health of the organization. As a manager, you need to understand both the metrics that are reported in income statement, balance sheets, and cash flow statements, and how they relate to each other. You also need to understand how comparing numbers across your company, the industry, and from year to year, can help you assess the overall financial performance of the firm.

The in-depth review of sample case studies in this course will provide you with the tools you need to examine your own property’s reports. As you make budgeting and investment decisions, your knowledge of how vital financial markers indicate relative health in the organization will help drive initiatives to meet your company’s financial goals.

Faculty Author

Steven Carvell, PhD, Associate Professor and Associate Dean for Academic Affairs

Scott Gibson, PhD, Assistant Professor

Benefits to the Learner

• Understand the structure of the three principal financial statements: the income statement, the balance sheet, and the cash flow statement, and interpret the information found in these statements
• Identify online sources of financial information that can be used to conduct research on other publicly traded firms and industries

Target Audience

• Managers and professionals who regularly work with financial reports 
• Non-financial professionals with the core principles of financial reporting

Accrediting Associations

• Project Management Institute (PMI) Approval Number 264626N2OK 10.0 Units
• HR Certification Institute (HRCI) Business Approval Number 649041 10.0 Hours
• Society for Human Resource Management (SHRM) Approval Number 24-EN5J6 10.0 Credits