Entrepreneurship
Inc. Magazine: Building a Fast-Growing Business
Self-Paced | Certificate18 Course Hours | 77 Weeks
$399Back to all courses
Accounting and Finance for Entrepreneurs
$129
View CourseSelf-Paced5 Course Hours | 12 Weeks
Entrepreneurship
Description
This course provides an introduction to key topics in accounting and finance for those involved in new ventures. It reviews financial accounting basics, including GAAP Principles and financial statements, and also covers key issues in finance, broadly defined as any financial or monetary activity that involves a company.
credits
- IACET CEUs: 0.5
- HRCI Credits: 5
- Specified - Strategic Business: 5
- SHRM PDCs: 5
features
- Mobile-friendly
- Audio-enabled
- Badge and credit-awarding
- Real-world case studies
- Fully accessible
- Games & Flashcards
- Expert-supported
- Video content
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
