Financial Management:Basic

Basics of accounting
Accounting
Key accounting terms

Accounting cycle
Basics of the accounting cycle
Analyze, record, and post transactions
Trial Balance

Income Statement
Income Statement basics
Prepare and interpret an Income Statement

Balance Sheet
Balance Sheet basics
Prepare Balance Sheets
Interpret Balance Sheets

Other financial statements
Cash Flow Statement
Statement of Stockholders? Equity

Budgeting
Fundamentals of budgeting
Analyze financial statements
Set objectives
Monitor performance

After completing this course, students will know how to:

Define accounting, its need, and the key accounting terms Identify phases of the accounting cycle and types of accounting records and analyze and post transactions, prepare a Trial Balance and identify financial statements created from the Trial Balance Identify, create and interpret an Income Statement Identify and prepare a Balance Sheet and use it to calculate the liquidity and the debt-to-total-assets ratio Identify and prepare a Cash Flow Statement and a Statement of Stockholders? Equity Identify and practice budgeting by analyzing financial statements, setting objectives, and monitoring performance

Prerequisites

None