Course Description
Learn accounting equations and its application in double-entry.
Understand what is budgeting an control, product cost, and working capital.
Evaluate projects to make sound investment decisions.
What am I going to get from this course?
Learn accounting equations and its application in double-entry
Gain fundamental knowledge about financial management. Understand financial statements and their relationships.
Prerequisites and Target Audience
What will students need to know or do before starting this course?
No prerequisites required.
Who should take this course? Who should not?
The course is for entrepreneurs, managers, and anyone looking to gain financial literacy.
Curriculum
Module 1: Finance for Non-Financial Managers
Lecture 1
Introduction/Overview
An introduction to course via Financial Statement.
Lecture 2
Accounting Equation
Financial statements are governed by the accounting equation. A deep dive in accounting equations. Financial statements are governed by the accounting equation. A deep dive in accounting equations for various account types.
Balance Sheet to understand Lists Assets, Liabilities, and Owners’ Equity.
Lecture 4
Income Statements
Income statement to understand profitability of the company including Revenues, Gross profit, Operating Income and Net Income.
Lecture 5
Statement of Cashflow
Statement of Cash Flow to understand sources of cashflows, cash uses, and changes in cash balance
Lecture 6
Financial Ratios
Financial Ratios for analysis including profitability, asset utilization, liquidity and debt utilization.
Lecture 7
Budgeting & Control
Control topics in Budgeting.
Lecture 8
Budgeting & Control- Part 2
Expenses types in Budgeting & Controlling.
Lecture 9
Budgeting & Control - Part 3
Continuation of Expenses types in Budgeting & Controlling.
Lecture 10
Budgeting & Control - Part 4
Forecasting in Budgeting & Controlling.
Costs including: Cost Methods, Product Cost Components, and Activity Based Costing.
Lecture 12
Costs - Part 2
Costs including: Contribution Margin, Break-even Analysis, Target Volume Analysis.
Lecture 13
Working Capital
Working Capital. Definition of Working Capital, Key Improvement Opportunities, Cash-to-cash cycle, Key Calculations, Days Sales Outstanding, Inventory Turns, Inventory Holding Cost, Economic Order Quantities (EOQ), Accounts Receivable Management, and Accounts Payable Management.
Lecture 14
Working Capital - Part 2
Continuation of Working Capital with Economic Order Quantities (EOQ), Accounts Receivable Management, and Accounts Payable Management.
Lecture 15
Evaluating Projects
Evaluation of projects via Net Present Value.
Lecture 16
Evaluating Projects- Part 2
Evaluation of projects via Internal Rate of Return and Payback Period.
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