Basics of Finance and Budgeting

Understanding Basics Of Finance and Budgets For Non - Financial Individuals
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571 students enrolled
Instructed by Dr. Jeelani S. F. Business / Finance
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  • Lectures 33
  • Length 3.5 hours
  • Skill Level Beginner Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 5/2014 English

Course Description

This training program is designed for people who do not possess any background knowledge of Financials and Budgeting and would like to have 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, etc, it will also provide understanding of financial statements, budgets, forecasting techniques, purchasing decisions, and laws that regulate the handling and dissemination of financial information.

What are the requirements?

  • Some working knowledge of business operations, though not necessary

What am I going to get from this course?

  • Our goal is to provide basic knowledge of finance and budgets to those individuals who don't have any background in finance.
  • The objectives are that By the end of the course, you should be able to understand key financial terms and concepts, analyze ket financial statements, prepare and manage budgets, understand purchasing and legal and regulatory aspects.
  • The main topics that we are going to cover are: Important financial organizations, Double entry accounting concept, Basic accounting principles, Basics of financial statements analysis, Ratio analysis and their formulas, How to prepare and Manage Budgets, Different type of Forecasting techniques, How to Make Smart Purchasing Decisions, Legal and Regulatory Aspects of Finance

What is the target audience?

  • Anyone who needs to understand basics of finance and budgeting.

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction and Course Overview
04:56

This lecture will give you an overview of the course, the goals and objectives.

Section 2: Introduction to Finance and Budgets
09:57

This lecture will provide you some background history, will look at what is a business and what is finance?

05:22

In this lecture we will be looking at the key players, the people and their roles and why they need the financial information.

04:26

Discussion on Securities Exchange Commission (SEC), AICPA, FASB, GASB.

05:25

An Introduction To Generally Accepted Accounting Principles

Section 3: Basic Terminology - Key Financial Terms
05:01

What is the difference between Accounting and Finance?

08:44

Assets, Liabilities, Expenses, Revenue, Owner's Equity.

06:09

Overview of Key Financial Statements: Balance Sheet, Profit and Loss Statement, Cash Flow, etc.

Section 4: Double Entry Accounting
14:03

The concept and explanation of double entry accounting system and book of accounts.

09:02

Double entry transaction analyses and their recordings.

Section 5: Understanding Financial Statements
09:29

Fiscal year and income statement with an example.

07:51

The balance sheet with an example.

07:50

What is the statement of cash flows, the flow of money.

05:04

An example of the statement of cash flows.

03:24

What is the statement of retained earning, the retained income of an organization?

03:54

Discussion on annual reports.

08:27

Annual report with an example.

Section 6: Analyzing Financial Statements - Ratio Analysis Part I
03:30

Net Income Increases to Pay Increases

Net Income per Employee

Net Income to Assets

Non-Operating Income to Net Income

Operating Income to Wages and Salaries

03:32

Cash Debt Coverage Ratio

Cash Return on Assets

Cash Return to Shareholders

Contribution Margin Ratio

Gross Profit Margin

Operating Margin

Profit Margin Ratio

04:33

Current Ratio

Acid Test Ratio (Quick Ratio)

Cash Ratio

Cash Debt Coverage

03:35

Working Capital

Working Capital ratio

Working Capital Provided by Net Income

Working Capital From Operations to Total Liabilities

04:14

Working Capital to Total Assets Ratio

Retained Earnings to Total Assets Ratio

EBIT to Total Assets Ratio

Sales to Total Assets Ratio

Equity to Debt Ratio

Cash Flow to Debt Ratio

Section 7: Analyzing Financial Statements - Ratio Analysis Part II
03:01

Current Assets To Total Debt

Stockholder's Equity Ratio

Total Debt to Net Worth

05:29

Interest Coverage Ratio

Debt-Service Coverage Ratio - DSCR

Asset Coverage Ratio

Calculating Return on Investment

Section 8: Understanding Budget and Forecasting
11:39

Sales budget

Production budget

Cash Flow/Cash budget

Marketing budget

Project budget

Expenditure budget

12:03

Example of a budget format

How to tell if you’re on track

Should your budget be updated

Keeping a diary of lessons learned

When to panic

08:31

Using The LOAD Technique

RISK

LIKELIHOOD OF OCCURRENCE

IMPACT

10:27

Using the average

Regression analysis

Extrapolation

Formal Financial Models

Section 9: Purchasing Decisons
06:34

How can you make smart purchasing decisions, what are different considerations and techniques?

04:55

How to calculate payback period, how to make lease or buy decisions and thinking out of the box?

Section 10: Financial Acts And Regulations
04:48

A brief history of the government’s involvement in the financial dealings of corporations in the United States, and the definition of financial regulations and their objectives.

08:15

Sarbanes Oxley and some other financial acts, Public Company Accounting Oversight Board, CEO/CFO Certification, 8th Company Law Directive.

Section 11: Quiz
20 questions

Self Assessment Quiz.

Section 12: Wrap Up
03:01

"Invest in your personal and professional development, it is a continuous process. Strengthen your strengths and eliminate or minimize your weaknesses." Dr. Jeelani

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Instructor Biography

Dr. Jeelani S. F., Consultant at Merit Group International

Dr. Jeelani possesses more than 30 years of professional experience in the healthcare, information technology and higher education industry, possessing multiple skills covering many fields including: strategic management, organizational development, marketing, sales, general management, MIS and IT Audit.

He not only led many organizations towards the achievement of revenue and bottom line objectives with strategic focus but also dispensed his knowledge and expertise as an Adjunct Faculty/Lecturer and trainer with number of Universities and Professional Institutes.

Besides having a Ph. D from OIUCM Sri Lanka, an MBA from International University, Missouri-USA, he has also attended many Seminars, Workshops and Certificate Courses in the field of Marketing, ISO and Quality Management and personal development.

He is also interested in mind sciences and has taken courses on Hypnotherapy, Reiki, Radiesthesia, The Fourth Dimension, Pendulum Diagnosis, Homeopathy and is a graduate of Silva Mind Control.

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