Working with Business Finances

One of the most important areas of management is the management of finances. You do not need to be a qualified accountant but you need to at least be able to interpret financial statements to use them as management tools. During this course, you will learn how to interpret statements, prepare and manage a simple budget and manage stock and fixed assets.

45 students enrolled

One of the most important areas of management is the management of finances. You do not need to be a qualified accountant but you need to at least be able to interpret financial statement to use them as management tools. During this course you will learn how to interpret statements, prepare and manage a simple budget and manage stock and fixed assets.

When you have completed this course, you will be able to:

  • Analyse the basic elements of an income and expenditure statement.
  • Analyse the basic elements of a balance sheet.
  • Compile a personal assets and liabilities statement.
  • Use the evidence in financial statements to make a financial decision.
  • Explain the concept of budgeting in a business unit.
  • Analyse the budget needs of a business unit.
  • Monitor and control actual expenses and revenue against projected expenses and revenue.

Session 1

1
Learner Guide

Please download the Learner Guide attached, before starting this course.

2
Lesson 1_Income & Expenditure
6:23

Please download the Learner Guide attched

3
Lesson 2_Income Statement
3:34
4
Lesson 3_A Balance Sheet
8:14
5
Lesson 4_ Personal Statements
5:07
6
Lesson 5_Different Ratios
6:41
7
Lesson 6_A Cash Flow Statement
4:41
8
Quiz 1: Income & Expenditure
6 questions

Session 2

1
Lesson 7_What is a Budget?
5:52
2
Lesson 8_Income
5:58
3
Lesson 9_Budgeting Techniques & Methods
4:37
4
Lesson 10_Methods & Techniques (Part 2)
7:14
5
Quiz 2: Budgeting Part 1
5 questions

Session 3

1
Lesson 11_A Business Plan
5:42
2
Lesson 12_Ratios
4:25
3
Lesson 13_Ratios (Part 2)
3:33
4
Lesson 14_ZBB and a Budget Form
6:26
5
Lesson 15_Constraints & Variances
6:00
6
Lesson 16_Control Systems & Projected Statements
4:26
7
Quiz 3: Budgeting Part 2
5 questions

Assessment

1
242810 Summative Assessment (SSETA)
2
242810 Formative Assessment (SSETA)
3
Formative Assessment: Working with Finances
4
Summative Assessment: Working with Finances

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Includes

3 hours
Full lifetime access
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