(Online Delivery) Finance and Budgeting Essentials for Business Professionals

Overview:

Good financial judgment can deepen the decision-making skills of any business professional. Fluency with monetary figures helps you tie everyday operations to the financial success of your organization at a department and senior level.

Finance and Budgeting Essentials for Business Professionals grounds you in the functions and tools of finance. In this course, you will examine financial statements—including the balance sheet, income statement, cash flow statement, and statement of stockholders' equity—as guides to fiscal health. You will also identify what you want to gain from a budget and describe the steps of budgeting to meet these goals.

Course Objectives:

In this course, you will use financial information to interpret and preserve the financial health of an organization.

You will:

• Describe the importance and major elements of financial statements.
• Use balance sheets to determine the assets a company has at its disposal.
• Interpret income statements to identify corporate earnings, expenses, and profitability.
• Read cash flow and other statements to assess an organization’s real-world financial situation.
• Select a budget type and method to fit the needs of a company.
• Prepare a responsible budget.

Target Student:

This course is designed for managers and other professionals in a variety of profit and non-profit organizations who need to use principles of finance or budgeting to fulfill their responsibilities.

Course Content

Lesson 1: Reviewing Financial Basics

 Topic A: Identify the Benefits of Finance

 Topic B: Describe Financial Statements

Lesson 2: Interpreting Balance Sheets

 Topic A: Identify Elements of Balance Sheets

 Topic B: Analyze a Balance Sheet

Lesson 3: Interpreting Income Statements

 Topic A: Identify Elements of Income Statements

 Topic B: Analyze an Income Statement

Lesson 4: Interpreting Other Financial Statements

 Topic A: Read Cash Flow Statements

 Topic B: Read Statements of Stockholders’ Equity

 Topic C: Read Notes to Financial Statements

 Topic D: Identify Elements of Financial Statements for Non-Profits

Lesson 5: Planning a Budgeting Approach

 Topic A: Describe Budgeting Principles

 Topic B: Choose What and How to Budget

Lesson 6: Utilizing Budgets

 Topic A: Prepare an Operating Budget

 Topic B: Prepare an Activity-Based Budget

 Topic C: Monitor a Budget