Financial Essentials
From Training
Contents |
Description
Companies are composed of a number of job roles and varying degrees of responsibility. Some roles are so different that two people within the same company may never come in contact with each other over the entire length of their employment. All employees, though, are working towards the same goal—the financial success of the company. However, individuals cannot be expected to contribute to the financial success of the company unless they understand the principles upon which finance is based. In this course, you will explore the fundamentals of finance and discover how all areas of the company contribute to its financial well-being.
See Also
This course is similar in name to: Finance Essentials
Objectives
Participants will:
- describe critical aspects of the budgeting process, including budgeting matters and methods of budgeting
- investigate the three major components of a budget. You will also examine the process of managing a budget
- determine the internal and external parties affected by a company's operations. You will also examine the cash-based and accrual-based methods of accounting
- thoroughly examine the makeup of an income statement, a balance sheet, and a cash flow statement
- use common-size financial statements to conduct both a trend evaluation and a competitive evaluation. You will also look at the many financial ratios that offer valuable information about a company's ability to generate revenue, meet financial obligations, and manage debt
- examine the decision-making process when considering potential investments. You will also explore a number of financial formulas that will help you assess the value of such investments
Who should take this class?
This course is intended for business professionals who intend to pursue a career in finance or managers who are interested in understanding the fundamental principles of finance.
Prerequisites
Students should take Microsoft Excel (2003 or 2007)or have equivalent experience prior to taking Financial Essentials.
How long is this course?
2 days
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