Finance and Budgeting Essentials for Business Professionals

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.
 

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.
 

To ensure your success, we recommend you have some level of work experience in any of a variety of organizational settings. You should also have general end-user computer and Internet skills. You may wish to take the following Logical Operations course or have equivalent knowledge: Using Microsoft® Windows® 10 We also recommend you have basic familiarity working with spreadsheets. You may wish to take one or more of the following Logical Operations courses or have equivalent knowledge: Microsoft® Office Excel® 2016: Part 1
 

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