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Online Course

Accounting and Finance for Entrepreneurs


Total Credits: 5 including 5 Online Course

Average Rating:
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Category:
Financial Management



Description

Learning Outcomes

  • Understand and explain the assumptions and principles that underlie Generally Accepted Accounting Principles (GAAP)
  • Understand and explain the rules of double-entry accounting
  • Calculate the balance of the account
  • Define the steps that make up the accounting cycle
  • Describe the relationship between the major financial statements that make up an annual report
  • Explain the role of finance in the entrepreneurial process
  • Understand the importance of budgeting and financial planning
  • Identify and explain the three major pricing strategies
  • Define and distinguish between fixed and variable costs
  • Calculate the components of a master (static) budget
  • Prepare a cash budget
  • Prepare and analyze pro forma financial statements
  • Develop a basic financial plan
  • Use pro forma financial statements to evaluate a new venture
  • Explain the factors and assumptions involved in break-even analysis
  • Calculate Return on Investment (ROI) and payback period

Key Features

  •  Expert-supported
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  •  Mobile-friendly
  •  Accessible
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  •  Badge and credit-awarding
  •  Games & Flashcards
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  •  Video content
  •  Real-world case studies
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  •  Audio-enabled in app

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