Basics of Finance and Budgeting
3.6 (7 ratings)
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Basics of Finance and Budgeting

Understanding Basics Of Finance and Budgets For Non - Financial Individuals
3.6 (7 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
576 students enrolled
Created by Dr. Jeelani S. F.
Last updated 6/2015
English
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Includes:
  • 3.5 hours on-demand video
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • 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
View Curriculum
Requirements
  • Some working knowledge of business operations, though not necessary
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.

Who is the target audience?
  • Anyone who needs to understand basics of finance and budgeting.
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Curriculum For This Course
Expand All 34 Lectures Collapse All 34 Lectures 06:00:11
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Introduction and Course Overview
1 Lecture 04:56

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

Preview 04:56
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Introduction to Finance and Budgets
4 Lectures 25:10

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

Preview 09:57

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

Key Players in The Financial Arena
05:22

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

Important Financial Organizations
04:26

An Introduction To Generally Accepted Accounting Principles

Introduction to GAAP
05:25
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Basic Terminology - Key Financial Terms
3 Lectures 19:54

What is the difference between Accounting and Finance?

Difference Between Accounting and Finance
05:01

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

The Five Most Important Terms and Rules
08:44

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

Financial Statements and Other Terms
06:09
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Double Entry Accounting
2 Lectures 23:05

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

Double Entry Accounting
14:03

Double entry transaction analyses and their recordings.

Transaction Analysis
09:02
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Understanding Financial Statements
7 Lectures 45:59

Fiscal year and income statement with an example.

Income Statement
09:29

The balance sheet with an example.

The Balance Sheet
07:51

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

The Statement Of Cash Flows
07:50

An example of the statement of cash flows.

The Statement Of Cash Flow Example
05:04

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

The Statement of Retained Earnings
03:24

Discussion on annual reports.

Annual Reports
03:54

Annual report with an example.

Annual Report - Example
08:27
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Analyzing Financial Statements - Ratio Analysis Part I
5 Lectures 19:24

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

Income Ratios
03:30

Cash Debt Coverage Ratio

Cash Return on Assets

Cash Return to Shareholders

Contribution Margin Ratio

Gross Profit Margin

Operating Margin

Profit Margin Ratio

Profitability Ratios
03:32

Current Ratio

Acid Test Ratio (Quick Ratio)

Cash Ratio

Cash Debt Coverage

Liquidity Ratios
04:33

Working Capital

Working Capital ratio

Working Capital Provided by Net Income

Working Capital From Operations to Total Liabilities

Working Capital Ratios
03:35

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

Bankruptcy Ratios
04:14
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Analyzing Financial Statements - Ratio Analysis Part II
2 Lectures 08:30

Current Assets To Total Debt

Stockholder's Equity Ratio

Total Debt to Net Worth

Long-Term Analysis Ratios
03:01

Interest Coverage Ratio

Debt-Service Coverage Ratio - DSCR

Asset Coverage Ratio

Calculating Return on Investment

Some More Ratios and Return on Investment
05:29
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Understanding Budget and Forecasting
4 Lectures 42:40

Sales budget

Production budget

Cash Flow/Cash budget

Marketing budget

Project budget

Expenditure budget

Budget, Format and Historical Data
11:39

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

Managing The Budget
12:03

Using The LOAD Technique

RISK

LIKELIHOOD OF OCCURRENCE

IMPACT

Adjusting For Special Circumstances
08:31

Using the average

Regression analysis

Extrapolation

Formal Financial Models

Forecasting Techniques
10:27
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Purchasing Decisons
2 Lectures 11:29

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

How To Make Smart Purchasing Decisions - I
06:34

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

How To Make Smart Purchasing Decisions _ II
04:55
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Financial Acts And Regulations
2 Lectures 13:03

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.

A Brief History
04:48

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

Sarbanes-Oxley And Some Other Acts
08:15
2 More Sections
About the Instructor
Dr. Jeelani S. F.
4.1 Average rating
11 Reviews
1,352 Students
2 Courses
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.