Welcome to the Budgets and Financial Reports online course. Everyday businesses deal with budgets and financial reports in some form or fashion. At minimum, business managers review budget numbers and run financial reports for decision-making and reporting to shareholders and Federal regulators once a month. Many companies devote the last few months of the calendar year to creating budgets for the next calendar year. In addition, organizations create and disseminate year end financial reports to investors.

Course Contents

Some of the important modules / lessons covered in this online course are - what is finance, commonly used finance terms, important financial institutions, what is GAAP, understanding financial statements, analyzing financial statements, understanding budgets, budgeting made easy, advanced forecasting techniques, managing the budget, making smart purchasing decisions, a glimpse into the legal world etc.

The goal of this course is to give the participants a basic understanding of budgets and financial reports so they can hold relevant discussions and render decisions based on financial data. This course will define key terms like ROI, EBIT, GAAP, and extrapolation. Furthermore, this course will discuss commonly used financial terms, financial statements, budgets, forecasting, purchasing decisions, and laws that regulate the handling of financial information.

Course Objectives / Goals

Research has consistently demonstrated that when clear goals are associated with learning, it occurs more easily and rapidly.

In this course, participants are going to achieve the following learning objectives:

• Identify financial terminology
• Understand financial statements
• Identify how to analyze financial statements
• Understand budgets
• Learn how to make budgeting easy
• Understand advanced forecasting techniques
• Understand how to manage the budget
• Identify how to make smart purchasing decisions
• Identify the legal aspects of finances