Accounting and Finance for Entrepreneurs

{"description":"This course, offered by our accredited school partners, 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.\n\nLearning Outcomes\n•\tUnderstand and explain the assumptions and principles that underlie Generally Accepted Accounting Principles (GAAP)\n•\tUnderstand and explain the rules of double-entry accounting\n•\tCalculate the balance of the account\n•\tDefine the steps that make up the accounting cycle\n•\tDescribe the relationship between the major financial statements that make up an annual report\n•\tExplain the role of finance in the entrepreneurial process\n•\tUnderstand the importance of budgeting and financial planning\n•\tIdentify and explain the three major pricing strategies\n•\tDefine and distinguish between fixed and variable costs\n•\tCalculate the components of a master (static) budget\n•\tPrepare a cash budget\n•\tPrepare and analyze pro forma financial statements\n\nEnroll through one of our accredited university or college partners today!\n•\tDevelop a basic financial plan\n•\tUse pro forma financial statements to evaluate a new venture\n•\tExplain the factors and assumptions involved in break-even analysis\n•\tCalculate Return on Investment (ROI) and payback period","outline":"The course covers these topics:\r\n\r\nGenerally Accepted Accounting Principles (GAAP)\r\nRules of Double-Entry Accounting\r\nThe Accounting Cycle\r\nRelationship of Financial Statements\r\nFinancial Planning and Budgets\r\nCalculating the Master Budget\r\nThe Cash Budget\r\nPro Forma Financial Statements\r\nThe Financing Plan\r\nEvaluating New Ventures\r\nBreak-even Analysis\r\nReturn on Investment and Payback Period","prerequisites":null,"requiredMaterials":"This course does not require any additional purchases of supplementary materials.","certification":"N/A","preparesForCertification":false,"oldDescription":"

Program Name

Accounting and Finance for Entrepreneurs

Program Code

ENT-AFFE-01

Website Short 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.

Duration

1 month

Hours

5

Language

English

Outline

The course covers these topics:

Generally Accepted Accounting Principles (GAAP)
Rules of Double-Entry Accounting
The Accounting Cycle
Relationship of Financial Statements
Financial Planning and Budgets
Calculating the Master Budget
The Cash Budget
Pro Forma Financial Statements
The Financing Plan
Evaluating New Ventures
Break-even Analysis
Return on Investment and Payback Period

Audience

This course is designed for adult learners interested in gaining a basic understanding of the finance involved in entrepreneurship.

Instructor Description

This course has a \"Mentor Expert\" helpdesk feature. Learners have the ability to submit questions directly to an expert in the field you are studying.

Required Materials

This course does not require any additional purchases of supplementary materials.

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