Business Management

Finance and Accounting

An introduction to the most important skills and most applicable tools of finance, budgeting, and financial accounting.…

An introduction to the most important skills and most applicable tools of finance, budgeting, and financial accounting.

About this course

In this course you will learn to understand the “language of business” – to measure, process and communicate financial information of companies. In order to do so, you will get familiar with the most important financial statements and financial accounting techniques.

You will learn to prepare and analyse balance sheets, income statements, and use financial ratios. You will understand the principles of Return on Assets and Return on Equity. And you will learn finance essentials such as the Present Value and Future Value.

You will also receive a short case study of Nike and Lululemon that summarizes the key takeaways of this course.

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What Will You Learn?

  • Understanding accounting techniques & financial data
  • Analyzing financial statements and reports
  • Evaluating financial performance of businesses and projects

Course Curriculum

1. Introduction
Welcome to Finance and Accounting!

  • Introduction to Finance and Accounting

2. Basics of Accounting
Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. Accounting is based on a set of clear rules and principles and uses its own terminology.

3. Accounting Equation
The basic accounting equation is the foundation of all accounting concepts. It represents the relationship between the assets (what a business owns), liabilities (what it owes to others), and owner’s equity (the difference between assets and liabilities). It is defined as: Assets = Liabilities + Owners’ Equity.

4. Bookkeeping

5. Financial Statements
Financial statements are a collection of reports about an organization’s financial results, financial condition, and cash flows. The objective of financial statements is to provide information about the financial position, performance, and changes for both the entity and for readers.

6. Financial Analysis
You now know how to read the three most important financial statements. But in this chapter we will go one step further: we will learn to analyze and interpret these statements. You will be able to answer questions like: Is this company doing well? Is it risky to invest? Is company A or B doing better?

7. Time & Interest
The Time Value of Money (TVM) and compound interest are important because they represent the two most powerful financial concepts. TVM is the idea that money has different values at different times. Compound interest can result in exponential growth of an investment over time.

8. Budgets
One of the keys to running a business is the ability to predict how it will perform financially. A budget is a financial plan for a defined period, often one year. Companies, governments, but also families and individuals use it to express strategic plans of activities or events in measurable terms.

9. Financial Markets
Financial markets are platforms where people can trade financial securities and other assets. They can be used to raise capital and speculate on future price movements. The most well-known financial market is the stock market, where people buy and sell shares of publicly traded companies.

10. Case Study: Nike & Lululemon

Conclusion and Test
Reminder: Mark each lesson as complete and pass the test in order to finish the course.

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