Fundamentals of Finance for IT Managers
Course Specifications
Course number: 085035
Course length: 1.0 day(s)
Course Description
Course Objective: You will identify the basic concepts in finance, budgeting, and costs.
Target Student: This course will benefit new IT managers and other IT professionals without prior financial expertise who as a part of their job will be required to understand financial budgeting and project costing for the purposes of creating IT budgets and cost control measures.
Prerequisites: There are no prerequisite skills for this course.
Hardware Requirements
- A Pentium® III with 500 MHz (or better), or Macintosh® Intel-based or PowerPC G4 (or better) processor.
- At least 512 MB of RAM.
- A monitor capable of 1024 x 768 screen resolution and 32-bit color display.
Software Requirements
Each computer requires the following software:
- Microsoft® Windows Vista®, Windows® XP (Professional or Home Edition), Windows 2000, or Apple® Mac OS® X 10.4 (or higher).
- Microsoft® Internet Explorer® 7 (or higher), Mozilla® Firefox® 2 (or higher), or Apple® Safari® 2 (or higher), with pop-up blocking turned off.
- Adobe® Flash® Player 8 (current version recommended).
Course Objectives
Upon successful completion of this course, students will be able to:
- identify basic finance and cost concepts.
- identify the fundamental concepts in budgeting.
- identify the various cost estimating techniques and the methods of controlling costs.
- evaluate certain financial statements and concepts of project appraisal.
Course Content
Lesson 1: Getting Started with Finance Essentials
- Topic 1A: Finance Fundamentals
- Topic 1B: Cost Concepts
Lesson 2: Introducing Budgets
- Topic 2A: Prepare a Budget
- Topic 2B: Monitor and Control a Budget
Lesson 3: Manage Project Costs
- Topic 3A: Estimate Project Cost
- Topic 3B: Monitor and Control Project Cost
Lesson 4: Financial Decision-Making Fundamentals
- Topic 4A: Investment Decision-Making Process
- Topic 4B: Project Appraisal Concepts
- Topic 4C: Financial Statements
