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Overview/Description
Generally taken near the end of a program, Final Exam: Budgeting Essentials enables the learner to test their knowledge in a testing environment.
Target Audience
Individuals seeking practice in a testing environment, covering the skills and competencies being measured by the courseware.
Expected Duration (hours)
0.8
Lesson ObjectivesFinal Exam: Budgeting Essentials
Overview/Description
Generally taken near the end of a program, Final Exam: Capital Budgeting Essentials enables the learner to test their knowledge in a testing environment.
Target Audience
Individuals seeking practice in a testing environment, covering the skills and competencies being measured by the courseware.
Expected Duration (hours)
0.8
Lesson ObjectivesFinal Exam: Capital Budgeting Essentials
Overview/Description
Financial statements, including the Income Statement, the Cash Flow Statement, and the Balance Sheet, work as a dashboard of the financial performance of an organization. Knowing how these financial statements are created, and how they reflect the performance of the organization, helps non-financial professionals better understand how their own functional areas can affect the company's bottom line. These financial reports are also used by professionals in all areas for evaluating proposals, suppliers, competitors, markets, and the general condition of the industry they...
Overview/Description
The life blood of any successful business is the steady and predictable flow of incoming cash. But what steps can be taken when a business experiences acute revenue shortfalls? This Business Impact explores some common options available to business owners when facing a critical need to increase cash flow.
Expected Duration (hours)
0.1
Lesson ObjectivesIncreasing Cash Flow in Times of Need
Overview/Description
The audit function has become very important over the years. Various stakeholders are applying greater pressure on companies to increase transparency and strengthen corporate governance initiatives. Auditing is used as a tool to evaluate the quality of an organization's output, including the people, systems, and procedures, as well as financial statements. Todayâs auditors are multifaceted individuals who have a broad experience and understanding of how different business components operate and interact with one another. This course helps you understand what auditing...
Overview/Description
A budget is a financial blueprint for planning an organization's activities and controlling its performance over a designated period of time. It helps allocate an organization's resources as it pursues its financial goals. Organizational budgeting refers to activities that focus on the creation of organizational and departmental budgets, their allocation, and their use in monitoring an organization's activities. Departmental heads, managers, and professionals throughout an organization deal with budgets one way or other in their day-to-day operations, and familiarity with...
Overview/Description
Businesses are increasingly outsourcing portions of their accounting. This Business Impact explores the pros and cons of outsourcing financial activities to third party service providers.
Expected Duration (hours)
0.1
Lesson ObjectivesOutsourcing Financial Activities
Overview/Description
Preparing and planning budgets involves a number of organizational activities, ranging from determining the organization's budgetary goals to approving its budgets over a specific period of time. Individual departments translate the organization's budgetary goals into departmental goals relevant to their area. Preparing operating budgets often starts with revenue forecasting, followed by various expenses budgets. Many forecasting tools are used for forecasting revenues and expenses. Knowing the various activities associated with preparing, reviewing, and having management...
Overview/Description
Budgets translate an organization's strategic plans into actionable goals for respective departments. The cash budget and operating budgets, in particular, help departments plan the allocation and use of organization's financial resources. A budgeted income statement, which is the final operating budget to prepare, represents an organization's expected profitability if activities are carried out as planned in operating budgets. A cash budget is prepared to ensure availability of adequate cash to pay for expenses incurred during budgeted period. This course explores how...
Overview/Description
Finance and accounting are at the heart of every business. These functions deal with recording, summarizing, and analyzing financial information across all departments for decision making, directing, and controlling their resources and activities. Every activity or non-activity in an organization has financial implications and financial acumen is expected at every organizational level. Professionals and functional managers in every department and functional area should have a certain amount of comfort and familiarity with the basic accounting and financial concepts,...