For managers in today’s business world, it’s essential to have a working knowledge of finance. We all play a role in our organization’s financial health, whether we realize it or not. If you don’t have training or a background in finance, you may be at a disadvantage as you sit around the management table. Understanding the cycle of finance will help you figure out where you fit into your company’s financial structure, and how to keep your department out of the red. This course will help you prepare budgets and make decisions with confidence.
Students should complete the Accounting Skills for New Supervisors course before this course or have equivalent knowledge.
What Will Students Learn?
- Define basic financial terminology
- Prepare a budget of any type or size
- Get your budget approved
- Perform basic ratio analysis
- Make better financial decisions
What Topics are Covered?
- The fundamentals of finance
- The basics of budgeting and parts of a budget
- The budgeting process
- Budgeting tips and tricks
- Monitoring and managing budgets
- Crunching the numbers
- Getting your budget approved
- Comparing investment opportunities
- ISO 9001:2008
- In-depth case studies and analysis opportunities
Once done, you may get a certificate certified by the Filipino Institute, an internationally accredited organization, for a fee of AED 70. To know more about the free online courses, contact Dean Oliver at email@example.com or send him a WhatsApp message at +971-58-2439959.
- Lectures 33
- Quizzes 1
- Duration 24 hours
- Language English
- Students 124
- Assessments Self
Lesson One: Course Overview
Students have an opportunity to identify their personal learning objectives.
Lesson Two: Finance Jeopardy
This fun lesson will help you review some key concepts and ideas.
Lesson Three: The Fundamentals of Finance
In this lesson, students will review basic financial concepts, generally accepted accounting principles, and the key players and roles in finance.
Lesson Four: The Basics of Budgeting
Next, students will learn what a budget is, what common types of budgets exist, and how their budget should fit into the big picture.
Lesson Five: Parts of a Budget
Any good plan should have four parts. This lesson will teach students what they are.
Lesson Six: The Budgeting Process
Students will spend exploring what the budgeting process should look like through lectures and a three-part case study.
Lesson Seven: Budgeting Tips and Tricks
Students will look at some dos and don’ts of budgeting.
Lesson Eight: Monitoring and Managing Budgets
In this lesson, students will explore how budgets can be managed and monitored.
Lesson Nine: Crunching the Numbers
Next, students will get involved with ratio analysis, including current ratio, quick ratio, debt ratio, net and gross profit margin, return on sales ratio, debt to net worth ratio, cash turnover ratio, collection ratio, investment turnover, and return on investment.
Lesson Ten: Getting Your Budget Approved
This lesson will show students how to get around the politics and pencil-pushers and get the money that they need.
Lesson Eleven: Comparing Investment Opportunities
Investment opportunities within the business can be big decisions that require proper planning. This lesson will give students a quick guide to making those decisions.
Lesson Twelve: ISO 9001:2008
ISO 9001:2008 is a structured process through which a company can raise the quality of the products and services that they provide, and then maintain that level. This lesson will introduce students to that process and explore its impact on budgeting.
Lesson Thirteen: Directing the Peerless Data Corporation
In essence, preparing a budget comes down to making financial decisions that will affect all members of the company. This lesson will test the decision-making capacity of the student.
Quick Reference Guide