Fundamentals of Business Finance And The Role It Plays In The Business World

Fundamentals of Business Finance And The Role It Plays In The Business World

Introduction :

We are the International Academy of Human Resource Development (IAHRD), extremely proud to offer you theFundamentals of Business Finance And The Role It Plays In The Business World'course.This course will give you comprehensive understanding of the importance of finance in business, by discussing topics like the recording of financial data, the presentation of financial data, both internally and externally, the use of financial data to understand and manage the business and the planning and budgeting process in addition to many other topics. It is important for you to remember that we always got your back!

Objectives: 

After finishing this course, you will be able to:

1. Grasp  the collection of financial information process and how to organize and classify them within the financial system of the organization.
2. Apply a range of financial analysis skills for professional financial data interpretation in the organization.
3. Increase your awareness on the role of  planning and budgeting and how they  assist managers in the firm.
4. Explain  why many organisations are replacing budgeting with other management models.

Contents: 

Module 1: 

1. Accounting is an information system
2. Where do we get the information from?
3. Who uses the information?

Module 2: 

1. The importance of profit - the profit and loss account.
2. The importance of cash – the cash flow statement.
3. Why profit and cash are not the same.
4. The balance sheet – what is it designed to tell us?

Module 3– part a :

1. Working capital management
2. Financial analysis and interpretation

Module 3 – part b :

1. Product costs
2. Breakeven analysis

Module 4: 

1. Constructing a budget.
2. Beyond budgeting.
3. Capital budgeting.

Who should attend?

1. Graduates and undergraduates who need to expand their information in essential of business finance.
2. Employees in general in which understanding the essentials of business finance is very important because it effects the whole organization's activities in a direct and indirect ways.
3. If you position is related to profit, control of cost or capital investment.
4. Individuals responsible for any element of financial control within the organization.