ONLINE LEARNING: Financial Management Level 2

Program Name

Financial Fundamentals

Level II (two)

Prerequisite(s) Financial Fundamentals Level I

Total Hours 40

Learning Outcomes:

• Knowing the forms of business – process, pros, cons, risks, and costs of sole proprietorship, partnership, and incorporation

• Creating and analyzing the balance sheet – in-­depth examination, components, breakdown of assets, liabilities, shareholders’ equity, and owner’s equity

• Completing accounting for assets – lease, buy, account for, dispose, and depreciate

• Conducting financial planning – planning and budgets

• Creating cash flow projections and making related decisions – projected and making decisions based on cash flow outcomes

• Setting up and managing cash flow processes

• Preparing for lenders when applying for financing

• Setting up inventory – what it is, methods of recording, control, waste, obsolete, and short

• Planning for succession – why you want a plan, when you start, and what it consists of

• Completing a case study – pulling together concepts from the previous nine weeks

Standard Topics: (all of this content must be delivered as a part of this program)

• Business structures

• Balance sheet – recognition of the components

• Assets – accounting for assets

• Capital purchases and disposals – when, how, and why

• Budgets as a planning tool

• Cash flow as a planning tool

• Petty cash

• Preparing for lenders

• Inventory – accounting and management

• Succession planning