ATE 3316 - Finance for the Veterinary Manager

School of Veterinary Technology

Credit(s): 3
Contact Hours: 47
Effective Term Spring 2024 (630)

Requisites

Admission to Veterinary Practice Management (Certificate with Financial Aid Eligibility) (VETTC-CT) or
Admission to Veterinary Technology (Bachelor of Applied Science) (VETTC-BAS)

Course Description

This course teaches basic concepts of financial management, terminology, and problem-solving methods necessary to manage a veterinary organization. 

Learning Outcomes and Objectives

  1. The student will explore how current major issues in finance and accounting impact veterinary organizations by:
    1. summarizing the current major issues facing finance and accounting.
    2. analyzing how current major issues in finance and accounting impact veterinary organizations.
  2. The student will relate financial management concepts to financial decisions faced by a practice manager by:
    1. interpreting a balance sheet.
    2. applying the information found in the income statement and cash flow statements to decision making and planning.
  3. The student will breakdown the financial profile of an organization by:
    1. analyzing a multiple year budget.
    2. illustrating the revenue cycle as it applies to a veterinary business
    3. preparing expense projections
    4. evaluating inventory accounting issues.
    5. comparing published benchmark data to a veterinary practice.
    6. preparing a break-even analysis for a veterinary business

Criteria Performance Standard

Upon successful completion of the course the student will, with a minimum of 70% accuracy, demonstrate mastery of each of the above stated objectives through classroom measures developed by individual course instructors.

History of Changes

C&I 9/14/04, BOT 10/19/04, Effective 20042(0345). C&I 1/22/08, BOT 2/19/08, Effective 20081(0400). C&I Approval: 11/30/2012, BOT Approval: 01/15/2013, Effective Term: Fall 2013 (475).
C&I Approval: 07/21/2023, BOT Approval: 09/19/2023, Effective Term: Spring 2024 (630)

Related Programs

  1. Veterinary Practice Management (VETTC-CT) (580) (Active)
  2. Veterinary Technology (VETTC-BAS) (640) (Active)