type: BadgeClass
id: https://api.badgr.io/public/badges/hxQxAffRSYmngFPpUx3Qqw
name: Financial Acumen
image:
  id: https://api.badgr.io/public/badges/hxQxAffRSYmngFPpUx3Qqw/image
description: Earners of the LSU Financial Competence Digital Badge have demonstrated core/foundational knowledge of key financial principles and the ability to communicate these effectively across an organization. This badge represents proficiency in areas such as accounting, investment decisions, cash flow management, and evaluating organizational financial performance.
issuer: https://api.badgr.io/public/issuers/junkuCkcRt-tAVe-WxV3Pg
alignment:
  target name: Accounting
  target url: https://lsu.badges.parchment.com/skills/talent-neuron/36709
  target description: Accounting refers to the organized process of documenting, interpreting, and analyzing a business's financial activities, while upholding accuracy and compliance with financial standards.
  target framework: TALENT_NEURON
  target code: TN-36709
alignment:
  target name: Budgeting
  target url: https://lsu.badges.parchment.com/skills/talent-neuron/33674
  target description: Budgeting refers to the process of planning and managing finances, predicting income and expenditures, and directing spending to effectively accomplish financial goals.
  target framework: TALENT_NEURON
  target code: TN-33674
alignment:
  target name: Decision making
  target url: https://lsu.badges.parchment.com/skills/talent-neuron/31219
  target description: Decision making is the logical, systematic process of assessing information, considering options, and selecting a course of action to attain intended results.
  target framework: TALENT_NEURON
  target code: TN-31219
alignment:
  target name: Financial Literacy
  target url: https://lsu.badges.parchment.com/skills/talent-neuron/53673
  target description: Financial Literacy refers to the comprehension and application of financial concepts, encompassing personal finance management, investment strategies, and analysis of financial markets and economic patterns.
  target framework: TALENT_NEURON
  target code: TN-53673
alignment:
  target name: Information Processing
  target url: https://lsu.badges.parchment.com/skills/talent-neuron/61128
  target description: Information Processing refers to the capacity to effectively collect, interpret, and evaluate data, utilizing critical thinking and problem-solving methods to transform it into actionable knowledge.
  target framework: TALENT_NEURON
  target code: TN-61128
alignment:
  target name: Financial management
  target url: https://lsu.badges.parchment.com/skills/talent-neuron/26987
  target description: Financial management encompasses the strategic planning, organization, direction, and control of financial activities within a business or organization to optimize efficiency and accomplish financial objectives.
  target framework: TALENT_NEURON
  target code: TN-26987
alignment:
  target name: Cash flow management
  target url: https://lsu.badges.parchment.com/skills/talent-neuron/35030
  target description: Cash flow management is the monitoring, assessment, and enhancement of a business's cash inflows and outflows to maintain financial health and prevent bankruptcy.
  target framework: TALENT_NEURON
  target code: TN-35030
alignment:
  target name: Investment Decisions
  target url: https://lsu.badges.parchment.com/skills/talent-neuron/59323
  target description: Investment Decisions involve evaluating and choosing assets or ventures to allocate capital, aiming to maximize returns and manage financial risks within an investor's portfolio strategy.
  target framework: TALENT_NEURON
  target code: TN-59323
criteria:
  narrative: Earn mastery in the following courses: • BADM 7030: Financial Accounting • BADM 7060: Cost Accounting • BADM 7090: Finance Management With successful completion of the three courses, students demonstrate the following skills: ### Technical Competencies 1. Financial Data Analysis: Analyze financial data to ensure operations are within budget. 2. Financial Compliance: Process and track financial transactions and ensure compliance with regulations. 3. Cost Management: Conduct Cost-Volume-Profit analysis. 4. Expense Management: Analyze expense vs. budget variances. 5. Market Analysis: Conduct risk and opportunity analysis of financial markets. 6. Financial Health Analysis: Evaluate a firm's financial health and performance. ### Durable Skills 1. Critical Thinking: Synthesize findings of financial data sets using analytical thinking skills. 2. Communication: Communicate financial data with stakeholders using most appropriate communication methods. 3. Presentation: Delivers organized, impactful verbal and written presentations.