Business Finance Essentials

Name: Business Finance Essentials
Rating: 4.6 (828 reviews)

Understand the Fundamental Concepts of Business Finance to speak the Language of Business - Numbers!

Created byChinmay Ananda

Last updated 9/2020

English

What you'll learn

FUNdamentals of Financial Statements
Accounting Jargon & Terminologies in simple laymen terms
Learn basic numbers that everyone needs to know in a company
Interact confidently with Financial Experts
Ask relevant questions at key Business Meetings

Course content

1 section • 20 lectures • 1h 6m total length

Introduction2:23
The four things that happen in every business1:46
Understanding the primary role of a bookkeeper from a football perspective1:59
Understanding the primary role of an accountant from a football perspective1:49
Non-finance person is a myth3:36
Difference between finance and accounting2:35
The two capitals required to start – manage – grow any business2:10
The three types of businesses1:53
The two rules in business2:57
FUNdamentals of Balance sheet5:15
Balance sheets balance assets, liabilities, and sources of funds. It details capital, share capital, retained earnings, and current versus noncurrent assets and liabilities.
FUNdamentals of Profit & Loss Statement4:41
Understanding Break-even point2:38
Identify the break-even point as the sales level where total cost equals total sales, covering fixed and variable costs. Aim to reach break-even sooner to maximize profit.
Understanding Depreciation3:01
Difference between profit & money5:38
FUNdamentals of cash-flow statement4:29
Difference between Debit & Credit4:27
Understand why debit and credit matter in the double entry system, and how a single transaction affects assets, expenses, incomes, and liabilities, with money in credited and money out debited.
Business is not just about turnover, it is more about leftover1:22
What we can learn from McDonalds pricing model1:59
Using OPM to make more money6:29
How much should a business owner aim to earn in their business?4:55

Requirements

If you understand the Scoreboard of any Sport, you can understand Business Finance.

Description

As the titles suggests, "Business Finance Essentials" is the introduction to understanding the financial activities of any organization. This program is for anyone who has a misconception that finance is beyond the scope of understanding. If you have heard the terms balance sheet, break-even point, depreciation or cash flow statement but have no idea what those mean, you need not worry. You will be introduced to the process of understanding the jargon and terminologies of business finance and how to use those terminologies confidently.

Accounting is called the "language of business", and in order to understand business finance, you must speak the language of numbers. The course is designed to help you differentiate between finance and accounting, while keeping it crystal clear about what influences our decision making. We strongly believe that if you can read a scoreboard of any sport, you can surely understand finance.

Through carefully building fundamentals, you will quickly realize that finance is the backbone for any organisation. We hope to make you fall in love with numbers and get you excited about finance in general.

Once you have completed this course, you will have a solid understanding of the fundamental concepts of business finance. Take your business knowledge to the next level!

Who this course is for:

No background in Finance required
Fresh Management & Engineering Graduates
Professionals who would like to standout at Business Meetings