MGT190 - Finance and Budgeting Essentials for non-Financial Managers

Course Description

Short Course | 6 hours | .6 CEUs 

Good financial judgment can deepen the decision-making skills of any business professional. Fluency with monetary figures helps you tie everyday operations to the financial success of your organization at a department and senior level.

Finance and Budgeting Essentials grounds you in the functions and tools of finance. In this course, you will examine financial statements—including the balance sheet, income statement, cash flow statement, and statement of stockholders' equity—as guides to fiscal health. You will also identify what you want to gain from a budget and describe the steps of budgeting to meet these goals.

What you will learn:

• Describe the importance and major elements of financial statements.
• Use balance sheets to determine the assets a company has at its disposal.
• Interpret income statements to identify corporate earnings, expenses, and profitability.
• Read cash flow and other statements to assess an organization’s real-world financial situation.
• Select a budget type and method to fit the needs of a company.
• Prepare a responsible budget.

Course Outline

• Reviewing Financial Basics
• Interpreting Balance Sheets
• Interpreting Income Statements
• Interpreting other Financial Statements
• Planning a Budgeting Approach
• Utilizing Budgets

Duration