Business Finance 101

A Beginner’s Guide to Business Accounting and Finance

Ratings 4.41 / 5.00

What You Will Learn!

What we mean by business finance
The history of business finance
The two main purposes of business finance
The key principles of business finance
What debits and credits are
The three key financial statements in business
The Balance Sheet and how it works
The Income Statement and how it works
The Cashflow Statement and how it works
Key financial performance indicators in business
Simple tools for analysing business investments

Description

The Oxford English dictionary defines “finance” as: “The monetary resources and affairs of a state, organization, or person”

This course is about business finance – the management of the monetary resources of an organisation. It is aimed at people who want a primer in business finance without having to study accountancy. Every manager, or student of management, requires a good grasp of business finance. This course will help.

Business finance concerns the management of the monetary resources of an organisation. There are two aspects to this:

1. Raising the money to invest in the business

2. Managing that investment properly to generate a return

Raising the money is about having an attractive proposition and managing the risk to investors. Managing the investment is about the financial controls and reporting of the business. Topics covered include the reasons why businesses fail; the two main purposes of finance and accounting; key principles of business finance; the Balance Sheet, Income Statement and Cashflow Statement; financial performance indicators; and investment analysis.

Three are three main reasons for business failure – an under-skilled management team; ineffective marketing; and poor financial management. This course will help you get to grips with financial management covering the key principles and issues in business finance.

We hope you enjoy the course.