Business Finance Foundations

Overview

This Business Finance Foundations course is a 2.5-hour course that begins with an overview of Business Finance. This online business finance course will further introduce learners to different accounting and business finance concepts. These concepts will be explained with the help of examples taken from the real financial statements of companies so that it remains practical learning for the students. Get access to reference materials to help you better comprehend financial statements such as balance sheets, cash flow statements, and profit and loss statements. The course progress will be evaluated using a quiz at the end of each module. Do you wish to take your career in Finance ahead? Enroll in our Executive Management course that lets you choose a Finance specialization and advance your career through cutting-edge skills in finance.

Syllabus

Business Finance Overview – Role of a Finance Manager

Learn the basic responsibilities of a finance manager. This session will walk you through the financial decisions that must be made in order for a firm to run smoothly.

Accounting Vocabulary

In this session, you will become familiar with accounting and its various terms from different perspectives.

Accounting – seen through Business Lens

Understand Accounting and its users in detail. The session will also walk you through the requirements that must be observed when recording transactions in financial statements.

Examples of Accounting Transactions

Understand accounting transactions with a variety of examples in this session. Find out how these transactions will be documented as well.

Balance Sheet of Tata Steel - Asset Side

The session will explain what a balance sheet is and how it works. After you've mastered the fundamentals, you'll be guided through Tata Steel Limited's Balance Sheet to help you grasp the concept. This session will be completely focused on the Asset side of the Balance Sheet.

Balance Sheet of Tata Steel - Liabilities side

This session will lead you to the liabilities section of the balance sheet. With the use of an actual Tata Steel Limited balance sheet, the components will be described. Learn to distinguish between current and noncurrent liabilities.

Profit & Loss Statement

Having understood the Balance sheet, let's move toward the Profit & Loss Account, which is another type of financial statement crucial for the companies. Understand what a Profit & Loss Account is, its components, exceptional items, and how it works.

Cash Flow Statement

You will understand the meaning of “cash flow statement” at the beginning of this module. This module will also take you through its various components, like Cash Flow from Operating Activities, Investing Activities, and Financing Activities, before presenting a sample Cash Flow Statement for your understanding.