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.
Accounting refers to the organized process of documenting, interpreting, and analyzing a business's financial activities, while upholding accuracy and compliance with financial standards.
Budgeting refers to the process of planning and managing finances, predicting income and expenditures, and directing spending to effectively accomplish financial goals.
Decision making is the logical, systematic process of assessing information, considering options, and selecting a course of action to attain intended results.
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.
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.
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.
Cash flow management is the monitoring, assessment, and enhancement of a business's cash inflows and outflows to maintain financial health and prevent bankruptcy.
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.
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.