Financial Management: Level 1

Description

What skills you will obtain with this course:

Welcome to Financial Management Level 1! This foundational course is designed to equip you with the essential knowledge and skills to navigate the world of finance. We’ll begin by building a strong understanding of the Basics of Accounting, exploring the fundamental principles that underpin financial record-keeping.

From there, we’ll delve into the systematic Accounting Cycle, demystifying the process of how financial transactions are recorded and summarized. You’ll then gain a comprehensive understanding of key financial reports, starting with the Income Statement, which reveals a company’s profitability over a period, followed by the Balance Sheet, a snapshot of its assets, liabilities, and equity at a specific point in time. We’ll also explore Other Financial Statements to provide a broader perspective on an organization’s financial health. Finally, we’ll introduce the critical concept of Budgeting, empowering you to plan and control financial resources effectively. By the end of this course, you’ll possess a solid grasp of core financial concepts, enabling you to make more informed financial decisions.

Learning Units:

1. Basics of Accounting
2. Accounting Cycle
3. The Income Statement
4. The Balance Sheet
5. Other Financial Statements
6. Budgeting