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About This Course
What you will learn
  • Identify financial terminology
  • Understand financial statements
  • Identify how to analyze financial statements
  • Understand budgets8u
  • 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

Budgets and Financial Reports Online Certificate Course

Boost your financial acumen and unlock your potential with our comprehensive Budget and Financial Reports Course. This online training program is designed to help you understand and analyze budgets, financial reports, and accounting principles, making you more efficient and valuable in today's competitive business environment.

Our budgeting course covers a wide range of topics, including the fundamentals of budgeting and financial management, understanding financial statements, and identifying financial terminology. By enrolling in our budget and financial reports online course, you'll gain valuable insights into analyzing financial statements and making informed decisions for your organization.

Our Budgets and Financial Reports Online 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.

One of the key aspects of our budgeting essentials and development course is teaching you how to create and manage budgets effectively. You'll learn various types of budgets, advanced forecasting techniques, and how to factor in historical data to make smart purchasing decisions. Our financial planning module also covers essential financial statements, such as the balance sheet, income statement, and statement of cash flows.

In addition to mastering the art of budgeting and financial reporting, our course covers essential business analysis and risk management skills that will complement your newfound financial expertise. You'll discover how to improve your decision-making process by thinking outside the box and using critical thinking to evaluate different scenarios.

Why Study with CFS?

Our online courses offer flexible learning options, allowing you to complete the training course at your own pace. We provide a wide range of training packages that cater to different learning preferences and professional development needs.

By choosing our Budget and Financial Reports Course, you're not only investing in your personal development but also gaining a valuable skill set that can be applied across various industries. Whether you're involved in project management, supply chain management, or human resource management, our budgeting and financial reporting training will provide you with the expertise needed to excel in your chosen field.

Enrol in our Budget and Financial Reports Course today and start reaping the benefits of improved financial management, better decision-making, and increased efficiency in your workplace.

Budgets and Financial Reports Online Course - Requirements

The Budgets and Financial Reports Online course is designed to help people a basic understanding of budget and financial reports. The course is delivered 100 percent online 24/7 and only takes 6 to 8 hours of study to complete.

To complete this course, a student must:

      Have access to the internet and the necessary technical skills to navigate the online learning resources

      Have access to any mobile device with internet connectivity (laptop, desktop, tablet)

      Be a self-directed learner

      Possess sound language and literacy skills

Quick Course Facts

  1. Course content is structured for easy comprehension

  2. Approximately 8 hours of study is needed to complete the course

  3. Registered students gain unrestricted lifetime access to the Budgets and Financial Reports Online course

  4. All course material is available online 24/7 and can be accessed using any device

  5. Study online from anywhere in your own time at your own pace

  6. All students who complete the course will be awarded with a certificate of completion

Budgets and Financial Reports Online Certificate Course - Outline

Module One - Getting Started

Module Two – Glossary

This module will help us understand the concepts of budgets and financial reports. It will also introduce us to basic financial term and concepts which will serve as the foundation of this course.

You will learn the following terms and concepts:

What is Finance

Finance has a broad meaning and can refer to the discipline of managing the monetary resources of an organization, country or person.

Commonly Used Terms

It would be very difficult to include all the vocabulary related to finance. However, this course covers basic terminologies required to have a working knowledge of finances at work.

      Accounting

      Assets

      Balance sheet

      Budget

      Capital

      Cash flow

      Credit

      Debit

      Depreciation

      Equity

      Expenses

      Financial ratio

      Income

      Income statement

      Liability

      Net income

Important Financial Organizations

Included is a list of several financial organizations that are critical in shaping the way financial data is structured and reported.

      United States Securities and Exchange Commission (SEC)

      American Institute of Certified Public Accountants (AICPA)

      Financial Accounting Standards Board (FASB)

      This organization also has an Emerging Issues Task Force (EITF)

      Governmental Accounting Standards Board (GASB)

Understanding GAAP

Organizations are required to follow the Generally Accepted Accounting Principles. GAAP deals with the following reporting standards:

      When is revenue recognized as actual revenue that can be counted?

      Balance sheet item classification standardizes the items found on the balance sheet to avoid confusion.

      Outstanding share measurements

Module Three - Understanding Financial Statements

Financial statements contain key data that is used for reporting. In this module, we take a look into the different aspects of financial statements.

      Annual reports

      Balance sheets

      Income Statement (AKA Profit and Loss Statements)

      Taxes

      Statement of Retained Earnings

      Statement of Cash Flows

Basic Components of an Annual Report

      Chairman’s report

      CEO’s report

      Auditor’s report

      Mission statement

      Corporate governance statement

      Statement of director’s responsibilities

      Balance sheet

      Statement of retained earnings

      Income statement

      Cash flow statement

      Notes to the financial statements

Accounting Policies

      Balance Sheets

      Income Statements (AKA Profit and Loss Statements)

      Statement of Retained Earnings

      Statement of Cash Flow

      Annual Reports

Module Four - Analyzing Financial Statements (Part 1)

Financial statements provide useful information that describe the financial status of business. However, it takes more than a financial statement to create an accurate picture of the financial condition or health of the business. In this part of the Budgets and Financial Reports Online course, we will help you analyze and examine financial statements.

      Income Ratios

      Profitability ratios

      Liquidity ratios

      Working capital ratios

      Bankruptcy ratios

Module Five – Analyzing Financial Statements (Part 2)

This module discusses the different rations and calculations required for analyzing financial statements.

      Long-Term Analysis Ratios

      Coverage Ratios

      Leverage Ratios

Calculating Return on Investment (ROI)

Return on Investment is a very important tool in determining if an investment is worth the effort. It basically subtracts the cost of investment against returns to help you determine if this would result to a gain or a loss.

There are also a few other return calculations that can be used, these are:

      Return on assets (ROA)

      Return on capital employed (ROCE)

      Return on equity (ROE)

      Return on gross invested capital (ROGIC)

      Return on investment capital (ROIC)

Module Six - Understanding Budgets

This module talks about another important aspect in business operations, budgeting. Budget numbers are typically reviewed every month to monitor if company spending is within the target limits. In this part of the course we will discuss:

      Common types of budgets

      What information do I need?

      Who should be involved?

      What should a budget look like?

Common Types of Budgets

      Sales budget

      Production budget

      Cash Flow/Cash budget

      Marketing budget

      Project budget

      Expenditure budget

What Information do I Need?

To begin creating a budget, we will also take a look into three important pieces of information you will need:

      Goal

      Money

      Costs

These three items will point you in the right direction when you are ready to begin your budget.

Who Should Be Involved?

      Accounting

      Operations

      Sales

      Top administration officials

Furthermore, these specific people should attend from each area mentioned:

      CEO

      CFO

      Finance manager

      Department leaders or directors

      Project managers

      A member of the Board of Directors

What Should a Budget Look Like?

Budgets look like an income statement but with a few extra columns. Below is a basic outline of the categories of a budget.

      Categories

      Actual

      Budget

      Difference

Module Seven - Budgeting Made Easy

In this part of the course, we will discuss how budgeting could be made simpler. You will learn how to a apply a systematic approach that will make creating a budget faster.

      Factoring in historical data

      Gathering related information

      Adjusting for special circumstances

      Putting it all together

      Computer based methods