Financial Essentials

Course 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.

Course length: One day

Course Content
Lesson 1: Budgeting Fundamentals
Topic 1A: Budgeting Benefits
Topic 1B: Budgeting Methods

Lesson 2: Managing a Budget
Topic 2A: Prepare a Budget
Topic 2B: Control a Budget

Lesson 3: Exploring the Ground Rules of Finance
Topic 3A: Who Needs Finance?
Topic 3B: Track Revenue and Expenses

Lesson 4: Using Financial Statements
Topic 4A: The Income Statement
Topic 4B: The Balance Sheet
Topic 4C: The Cash Flow Statement

Lesson 5: Evaluating Performance
Topic 5A: Make Comparisons
Topic 5B: Determine Liquidity
Topic 5C: Determine Activity
Topic 5D: Determine Profitability
Topic 5E: Determine Solvency

Lesson 6: Making Investment Decisions
Topic 6A: The Investment Decision-Making Process
Topic 6B: Conduct a CVP Analysis
Topic 6C: Project Appraisal Techniques

Addendum A: Market Demand Calculation Details
Addendum B: Table of Discount Factors
Addendum C: Activity Worksheets