Business Finance: A Complete Introduction
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As its titles suggests, “Business Finance: A Complete Introduction” is the first course you need in understanding the financial activities and constraints of an organization.
The first section titled “The Basics of Business Accounting” lays the groundwork for understanding business finance. Accounting is called the “language of business”, and in order to understand business finance, you must speak the language. This section explains the essential accounting terms and concepts such as assets, liabilities, equity, revenue recognition, accrual accounting and so much more. This course will also teach you how understand and interpret the Four Main Financial Statements of any business: the Balance Sheet, the Income Statement, the Cash Flow Statement and the Statement of Owners’ Equity.
In section two titled “Financial Ratio Analysis”, you will learn how to draw information from an organization’s financial statements and use it to measure a company’s performance in four key areas: Profitability, Liquidity, Solvency and Efficiency. You will then learn to use those calculations to make comparisons year over year and between companies. You can then use the included Excel templates to perform you own financial ratio analysis.
In the third and final section “Return on Investment” analysis, you will learn how to determine if a major capital purchase such as a new factory or piece of equipment will be financially beneficial to your organization. This class will teach you how to identify and estimate the key financial inputs for a Return on Investment financial model that we will build together in Excel. A complete ROI model will estimate all relevant costs and revenues over the life of a project, then convert those estimate into a single Net Present Value that accounts for risk and the time value of money.
Once you have completed this course, you will have a solid understanding of the fundamental concepts of business finance. With the purchase of this course, you will receive all the slides for your reference, all of the Excel templates used during the video, LIFETIME ACCESS to all of the material, and a 30-day money back guarantee,
Take you business knowledge to the next level today!
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An Introduction to the Business Accounting sectionIntroduction to the business accounting section portion of this course.
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What to expect from this section
What to expect from this section.
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The Economic Entity Principle
Explains the nature of economic entities and why understanding them is critical t the foundation of accounting.
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An Introduction to Balance Sheets
An introduction to balance sheets including explanations of assets, liabilities, and owners' equity, and a special section on unearned revenue.
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More Introduction to Balance Sheets
Start building a balance sheet.
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The Fundamental Accounting Equation
The Fundamental Accounting Equation.
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An Introduction to Double Entry Bookkeeping
An introduction to the Double Entry Accounting system.
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More on Double Entry Bookkeeping
More details on the double entry accounting system, left hand debits and right hand credits.
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Building a Balance Sheet
An explanation and examples of current and non-current assets. The Monetary Unit assumption.
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Depreciation and Amortization
What are depreciation and amortization, how are they alike, and how are they different.
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Finalizing Assets on the Balance Sheet
Wrapping up the assets side of the balance sheet.
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Current and Non-current Liabilities
An explanation and examples of current and non-current liabilities.
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Owners' Equity
An explanation of the owners' equity portion of the balance sheet, and a look at an actual balance sheet from a publicly held company.
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Balance Sheets -
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Introduction to the Income Statement
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More Introduction to the Income Statement
COGS, SG&A, Gross earning and Operational earnings
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Building Out the Income Statement
Interest, Taxes, EBIT and Non-recurring income.
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Finalizing the Income Statement
Common-sized statements, Reviewing the income statements for publicly held companies
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Income Statements
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Understanding the Cash Flow Statement
Difference between accrual accounting methods and cash flow measurement.
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More Understanding of the Cash Flow Statement
Review of Calaway Golf cash flow statement.
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Building a Cash Flow Statement
Operational, Investing and Financing activities starting with Net Income.
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Operating Activities on the Cash Flow Statement
Reconciling the Income Statement with actual cash flow.
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Investing Activities on the Cash Flow Statement
Reconciling investing activities with actual cash flow.
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Financing Activities on the Cash Flow Statement
Short and long term borrowing, sale of stock, dividends and similar financing of the business. Pulling together the entire cash flow statement.
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Cash Flow Statements
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The Statement of Owners' Equity
Terminology and methods related to tracking changes in owners' equity. Par value, APIC, Treasury stock, Dividends and Retained earnings.
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Transition from Accounting to Financial Ratios
Tying together business accounting with financial ratios
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Introduction to Financial Ratios
An introduction to financial ratios and this section of the course.
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A Simple Example
A simple example of financial ratios used in personal finance.
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Introduction to Profitability
An introduction to profitability. Margin versus Return.
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Formulas to Calculate Profitability
How to calculate the various profitability ratios using actual financial statements.
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Profitability Analysis using Excel
One way to analyze profitability ratios using Excel.
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Profitability
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Introduction to Liquidity
An introduction to liquidity and how it's measured.
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Formulas to Calculate Liquidity
How to calculate two popular profitability ratios using actual financial statements.
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Liquidity Analysis using Excel
How to use use liquidity measures in Excel when comparing companies to each other.
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Liquidity
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Introduction to Solvency and Leverage
An introduction to the third group of financial ratios, solvency. Measuring the mix of debt and equity to finance an organization's assets.
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Formulas to Calculate Solvency
How to calculate the main solvency ratios.
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Leverage Analysis using Excel
Calculating solvency ratios in Excel and then using these calculations to gain insight into a company's financial structure.
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Solvency
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Introduction to Efficiency
An introduction to the fourth and final group of financial ratios, efficiency.
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Formulas to Calculate Efficiency
Calculating inventory, accounts receivable and accounts payable deficiency.
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Efficiency Analysis Using Excel
Using these calculations in Excel to make vital comparisons between organizations.
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Operating Cycle Analysis using Excel
Bringing together the elements of efficiency analysis into an understanding of an organization's business cycle.
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Efficiency
In 2015, the Clothes Pin division of the Johnson and Mathey company stated in th
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Transition from Ratio Analysis to Return on Investment Analysis
An introduction to the concept of return on investment analysis.
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Initial Investments
Understanding the financial aspect of an initial project investment including the purchased equipment, installation, training, etc.
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Initial Investments in the Model
Starting the ROI model, and building into that model the initial investments.
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Salvage Value Overview
The value of the capital investment at the end of its useful life.
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Salvage Value in the Model
Building that value into the ROI model.
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Sales Revenue
Projecting sales revenues for a multi-year project.
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Sales Revenue in the Model
Building Sales Revenues into the model.
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Direct Costs
The direct labor and material costs required to manufacture the product.
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Direct Costs in the Model
Accurately modeling direct costs.
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Manufacturing Overhead
The indirect costs required to manufacture a product. What they are and how to estimate them for a multi-year project.
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Depreciation
The planned, gradual reduction in the recorded value of an asset over its useful life by charging it as an operating expense.
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Electrical Usage
A comparison of consumption versus demand charges.
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Overhead in the Model
Accurately building these overhead expenses into the ROI model.
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Gross Margin
Operational profit: How to calculate it and why it's important.
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Cash Flows
The bottom line cash flows in a multi-year project
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Change in Net Working capital
The financial assets required to support the project
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Net Working Capital Requirements
The financial assets required to support the project year over year
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Summarizing Annual Cash Flows
The projected annual cash flows from the project.
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Cost of Capital
The value of cash for a given organization. WACC versus Hurdle Rate.
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Discounting Future Cash Flows
The present values of future cash flows.
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Project NPV
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Interpretation of Results
Understanding your project's NPV.
