Financial Management: Basic

Description:
This ILT Series course introduces students to the fundamentals of financial management. Students will become familiar with basic accounting concepts and terms, track business transactions, use universal accounting tools such as the general journal, general ledger, and trial balance. Course activities also cover the purpose and how to use the four financial statements-the income statement, the balance sheet, the cash flow statement, and the statement of stockholders’ equity. Finally, students learn how to create and enforce a budget by analyzing financial statements, setting objectives, and monitoring performance. The manual is designed for quick scanning in the classroom and filled with interactive exercises that help ensure student success.

Duration: One day

Table Of Contents:
Unit 1: Basics of accounting
Topic A: Accounting
Topic B: Key accounting terms

Unit 2: Accounting cycle
Topic A: Basics of the accounting cycle
Topic B: Analyze, record, and post transactions
Topic C: Trial Balance

Unit 3: Income Statement
Topic A: Income Statement basics
Topic B: Prepare and interpret an Income Statement

Unit 4: Balance Sheet
Topic A: Balance Sheet basics
Topic B: Prepare Balance Sheets
Topic C: Interpret Balance Sheets

Unit 5: Other financial statements
Topic A: Cash Flow Statement
Topic B: Statemof Stockholders’ Equity

Unit 6: Budgeting
Topic A: Fundamentals of budgeting
Topic B: Analyze financial statements
Topic C: Set objectives
Topic D: Monitor performance