Course Overview
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.
Prerequisites
You should have basic knowledge of Windows including opening applications and opening files from File Explorer.
What You Will Learn
- 01Reviewing Financial Basics
- Identify the Benefits of Finance
- Describe Financial Statements
- 02Interpreting Balance Sheets
- Identify Elements of Balance Sheets
- Analyze a Balance Sheet
- 03Interpreting Income Statements
- Identify Elements of Income Statements
- Analyze an Income Statement
- 04Interpreting Other Financial Statements
- Read Cash Flow Statements
- Read Statements of Stockholders’ Equity
- Read Notes to Financial Statements
- Identify Elements of Financial Statements for Non-Profits
- 05Planning a Budgeting Approach
- Describe Budgeting Principles
- Choose What and How to Budget
- 06Utilizing Budgets
- Prepare an Operating Budget
- Prepare an Activity-Based Budget
- Monitor a Budget
Included With The Course
- Professional textbook (physical and digital)
- Unused copy of any files referenced throughout the textbook.
- Certificate of completion signed by the instructor.
Associated Certifications
Not applicable.
Frequently Asked Questions
We understand that you may have questions, and we’re here to help! Some of the most commonly asked questions about this course are covered below but if they don’t cover what you are looking for feel free to reach out to us through our contact page, and we’ll respond promptly to ensure you get the assistance you require. Your satisfaction is our priority, and we’re committed to making sure you have all the information necessary for a seamless experience.
This course assumes that you have a Microsoft 365 Business subscription. If you are using a home version, please be aware that there may be discrepancies between the features demonstrated in the course and those available in your version.
You can review the different subscription plans by clicking here.