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.
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.
In this course, 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; and prepare a responsible budget.
Keeping an eye on the bottom line makes you more effective in any organization. The financial side of a business allows its operations to continue, supports monetary decisions, and organizes information in a concise, numerical format.
What's included
5 plugins
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5 plugins•Total 70 minutes
Getting Started with This Course•10 minutes
Lesson Introduction•5 minutes
Identify the Benefits of Finance•25 minutes
Describe Financial Statements•25 minutes
Lesson Summary•5 minutes
Interpreting Balance Sheets
Module 2•2 hours to complete
Module details
Balance sheets show the basic financial position of a company. To assess the financial health of any organization, you should be able to glance at a recent balance sheet and gain a sense of the resources the business has at its disposal.
What's included
4 plugins
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4 plugins•Total 90 minutes
Lesson Introduction•5 minutes
Identify Elements of Balance Sheets•40 minutes
Analyze a Balance Sheet•40 minutes
Lesson Summary•5 minutes
Interpreting Income Statements
Module 3•2 hours to complete
Module details
Income statements show the profit or loss of an organization over a span of time. Using an income statement lets you form judgments about how the entity earns and spends its money.
What's included
4 plugins
Show info about module content
4 plugins•Total 90 minutes
Lesson Introduction•5 minutes
Identify Elements of Income Statements•40 minutes
Analyze an Income Statement•40 minutes
Lesson Summary•5 minutes
Interpreting Other Financial Statements
Module 4•2 hours to complete
Module details
Depending on your stake in an organization, you may need to review its cash flow statement, its statement of stockholders' equity, or the footnotes that accompany its financial statements. These documents reveal different financial strengths and concerns as handled by company management.
What's included
6 plugins
Show info about module content
6 plugins•Total 90 minutes
Lesson Introduction•5 minutes
Read Cash Flow Statements•20 minutes
Read Statements of Stockholders' Equity•20 minutes
Read Notes to Financial Statements•20 minutes
Identify Elements of Financial Statements for Non-Profits•20 minutes
Lesson Summary•5 minutes
Planning a Budgeting Approach
Module 5•1 hour to complete
Module details
Fluency with financial accounts, objectives, and metrics can help you follow a budget. The budget then lets you tie the bottom line to management decisions and company operations.
What's included
4 plugins
Show info about module content
4 plugins•Total 60 minutes
Lesson Introduction•5 minutes
Describe Budgeting Principles•25 minutes
Choose What and How to Budget•25 minutes
Lesson Summary•5 minutes
Utilizing Budgets
Module 6•1 hour to complete
Module details
To gain the most from a budget, you must apply principles of budgeting to the particular needs of your department or organization. Using the written budget then helps you keep your decisions and spending on target in terms of the most relevant accounts.
What's included
5 plugins
Show info about module content
5 plugins•Total 85 minutes
Lesson Introduction•5 minutes
Prepare an Operating Budget•25 minutes
Prepare an Activity-Based Budget•25 minutes
Monitor a Budget•25 minutes
Lesson Summary•5 minutes
Completing the Course
Module 7•25 minutes to complete
Module details
You'll wrap things up and then validate what you've learned in this course by taking an assessment.
Logical Operations is the world's largest general publisher of instructor-led technology curriculum, and a leader in the technical training community for over 40 years. We employ a rigorous, expert-driven authoring process that, for decades, has produced successful results for learners the world over. Our courseware aligns with real-world business needs and objectives, ensuring learners are able to apply their newly developed skills while on the job.
When will I have access to the lectures and assignments?
To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I purchase the Certificate?
When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.