Everyday businesses deal with budgets and financial reports in some form or fashion. At minimum, business managers review budget numbers and run financial reports for decision-making and reporting to shareholders and Federal regulators once a month. Many companies devote the last few months of the calendar year to creating budgets for the next calendar year. In addition, organizations create and disseminate year-end financial reports to investors.
The goal of this course is to give the participant a basic understanding of budgets and financial reports so they can hold relevant discussions and render decisions based on financial data. This course will define key terms like ROI, EBIT, GAAP, and extrapolation. Furthermore, this course will discuss commonly used financial terms, financial statements, budgets, forecasting, purchasing decisions, and laws that regulate the handling of financial information.
Only 6 to 8 hours of study is required per course.
What’s Included?
Unlimited lifetime access
Access anywhere, any time
Fast effective training, written and designed by industry experts
Track your progress with our Learning Management System
Unlimited support
Save money, time and travel costs
Learn at your own pace and leisure
Easier to retain knowledge and revise topics than traditional methods
Exam preparation quizzes, tests and mock exams to ensure that you are 100% ready
£179.00 £10.95Add to basket
Modules
Only 6 to 8 hours of study is required per course.
Module One – Getting Started
Module Two – Glossary
What is Finance?
Commonly used Terms
Key Players
Important Financial Organisations
Understanding GAAP
Module Three – Understanding Financial Statements
Balance Sheets
Income Statements (AKA Profit and Loss Statements)
Statement of Retained Earnings
Statement of Cash Flow
Annual Reports
Module Four – Analysing Financial Statements (Part 1)
Income Ratios
Profitability Ratios
Liquidity Ratios
Working Capital Ratios
Bankruptcy Ratios
Module Five – Analysing Financial Statements (Part 2)
Long – Term Analysis Ratios
Coverage Ratios
Leverage Ratios
Calculating Return on Investment (ROI)
Module Six – Understanding Budgets
Common types of budgets
What information do I need?
Who should be involved?
What should a budget look like?
Module Seven – Budgeting Made Easy
Factoring in historical data
Gathering related information
Adjusting for special circumstances
Putting it all together
Computer based methods
Module Eight – Advanced Forecasting Techniques
Using the average
Regression Analysis
Extrapolation
Formal Financial Models
Module Nine – Managing the Budget
How to tell if you’re on track
Should your budget be updated
Keeping a diary of lessons learned
When to panic
Module Ten – Making Smart Purchasing Decisions
10 questions you must ask
Determining the Payback period
Deciding whether to lease or buy
Thinking outside the box
Module Eleven – A Glimpse into the Legal World
A brief history
The Sarbanes-Oxley Act
CEO / CFO Certification
8th Company Law Directive
Module Twelve – Wrapping Up
System Requirements
Minimum specifications for the computer are:
Windows:
Microsoft Windows XP, or later
Modern and up to date Browser (Internet Explorer 8 or later, Firefox, Chrome, Safari)
MAC/iOS:
OSX/iOS 6 or later
Modern and up to date Browser (Firefox, Chrome, Safari)
All systems:
Internet bandwidth of 1Mb or faster
Flash player or a browser with HTML5 video capabilities (We recommend Google Chrome)
Unlimited lifetime access
