Everyday businesses deal with budgets and financial reports in some form or fashion. At minimum, business managers review budget numbers and run financial reports for decision-making and reporting to shareholders and Federal regulators once a month.
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Everyday businesses deal with budgets and financial reports in some form or fashion. At minimum, business managers review budget numbers and run financial reports for decision-making and reporting to shareholders and Federal regulators once a month. Many companies devote the last few months of the calendar year to creating budgets for the next calendar year. In addition, organizations create and disseminate year-end financial reports to investors.
The goal of this course is to give the participant 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, and extrapolation. Furthermore, this course will discuss commonly used financial terms, financial statements, budgets, forecasting, purchasing decisions, and laws that regulate the handling of financial information.
By the end of this Budget and Financial Reports Online Short Course, you will be able to:
Identify financial terminology
Understand financial statements
Identify how to analyse financial statements
How to make budgeting easy
Understand advanced forecasting techniques
Understand how to manage the budget
Identify how to make smart purchasing decisions
Identify the legal aspects of finances
Course Fast Facts:
Easy to follow and understand
Only 6 to 8 hours of study is required
12 months access to course
Delivered 100% on-line and accessible 24/7 from any computer or smartphone
You can study from home or at work, at your own pace, in your own time
Download printer friendly course content
Certificate (IAOTS Accredited)
Courses are accessed online via our learning management system by any device including PC, MAC, tablet or Smart Phone.
Recognition & Accreditation
These courses are internationally recognized and accredited by the International Association of Online Training Standards (IAOTS). The courses offered by Courses For Success are unique as they are taught in a step by step process enabling students to complete them quickly and easily, so that you can obtain your qualification sooner. All students who complete the course receive a certificate of completion. Courses For Success is committed to high completion rates and therefore 100% student satisfaction.
Units of Study
Module One - Getting Started
Module Two - Glossary
What is Finance?
Commonly used Terms
Important Financial Organisations
Module Three - Understanding Financial Statements
Income Statements (AKA Profit and Loss Statements)
Statement of Retained Earnings
Statement of Cash Flow
Module Four - Analysing Financial Statements (Part 1)
Working Capital Ratios
Module Five - Analysing Financial Statements (Part 2)
Long - Term Analysis Ratios
Calculating Return on Investment (ROI)
Module Six - Understanding Budgets
Common types of budgets
What information do I need?
Who should be involved?
What should a budget look like?
Module Seven - Budgeting Made Easy
Factoring in historical data
Gathering related information
Adjusting for special circumstances
Putting it all together
Computer based methods
Module Eight - Advanced Forecasting Technigues
Using the average
Formal Financial Models
Module Nine - Managing the Budget
How to tell if you're on track
Should your budget be updated
Keeping a diary of lessons learned
When to panic
Module Ten - Making Smart Purchasing Decisions
10 questions you must ask
Determining the Payback period
Deciding whether to lease or buy
Thinking outside the box
Module Eleven - A Glimpse into the Legal World
A brief history
The Sarbanes-Oxley Act
CEO / CFO Certification
8th Company Law Directive
Module Twelve - Wrapping Up
Words from the Wise
WILLIAM ARTHUR WARD - Wise are those who learn that the bottom line doesn't always have to be their top priority
W. CLEMENT STONE - Try, try, try and keep on trying is the rule that must be followed to become an expert in anything
COLIN POWELL - There are no secrets to success. It is the result of preparation, hard work and learning from failure.
Students must have basic literacy and numeracy skills.
Open entry. Previous schooling and academic achievements are not required for entry into this course.
Students will need access to a computer and the internet.
Minimum specifications for the computer are:
Microsoft Windows XP, or later
Modern and up to date Browser (Internet Explorer 8 or later, Firefox, Chrome, Safari)
OSX/iOS 6 or later
Modern and up to date Browser (Firefox, Chrome, Safari)
Internet bandwidth of 1Mb or faster
Flash player or a browser with HTML5 video capabilities (Currently Internet Explorer 9, Firefox, Chrome, Safari)
Students will also need access the following applications:
Adobe Acrobat Reader