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Financial accounting principles refers to the broad underlying concepts which guide accountants when preparing financial statements. This section covers financial accounting principles to provide a basic understanding of what financial accounting is and how it contributes to the practice of effective financial management for sustainability. You will learn about the components of financial accounting, as well as the financial accounting principles and practices needed to develop accurate and meaningful financial records. -
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This section of the financial management course explores the practice of drawing up financial statements to see if you have a healthy and prosperous business. An overview is presented of three essential financial statements in financial accounting: the balance sheet, cash flow and owners’ equity. You will learn what the purpose is of each statement and learn how to ensure a prosperous business by managing the financial health and cash flow of your business. -
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This section of the financial management course provides a basic understanding of how to interpret financial statements. You need to improve your decision-making skills and correctly interpret financial statements which is an important aspect of financial accounting. We look at the different types of financial ratio analysis and focus on the main debt ratio analysis, profitability ratio analysis and financial efficiency ratios. -
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This section of the financial management course provides an overview of the financial environment in which your business operates. We explore investment options, insuring practices and the true cost of credit. What is the relationship between your business and the national and world economy? An overview of the basic tax system in operation is provided. -
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This section of the financial management course deals with budgeting and how to put your business on the path of financial success. We explain what a budget is and the process of drawing up a budget. We further look at how to control the budget and pick up problems and manage it before it hurts your business. -
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This Financial Management module provides a basic understanding of what financial accounting is. You need accounting principles to have a successful business. You will learn how to develop accurate financial records and statements and understand what those statements are telling you. Through financial accounting, you will be able to evaluate how your business performs. You must know your business’s efficiency, liquidity, profitability and solvency. On completion of this financial accounting course, you will have insight in your business’s performance to make informed decisions. -
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The second module of the Financial Management course gives an overview of some of the financial instruments and tools that can be implemented in the life of the entrepreneur to ensure financial success. We also look in detail at the national and world economy as your financial success depends on understanding it. On completing this module, you will also understand the importance of budgeting. Learn how to draw up effective budgets and control it to ensure financial success in your business. -
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Financial management is one of the most important skills to ensure a successful business. As an entrepreneur you have to understand finances and apply it correctly. This course will help you to master the basics of financial management even if you have no background in finance. It will guide you step by step in easily understandable terms and strengthen your ability to run a profitable business. You will be able to read and understand your financial statements to make informed decisions. This financial management course will equip you to do just that, and more. You will be able to strengthen your financial position, understand how the economy affects your business and how to budget for financial success. Consider this quote by John Malinowski: ‘Understanding the finances of your business helps to ensure you can withstand downturns. It will allow you to take advantage of opportunities that arise, and it increases the business’s chances of long-term success.’ -
This Entrepreneurial Insight will guide you in developing a vision mission values statements which serves to create a focus for your business and helps you to build towards an ideal future while building trust with your clients and collaborators. -
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This topic explores how you can develop your personality by understanding why you must stay real in your creative career. You need to understand what it takes to remain true to yourself. -
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In this topic you will learn how important it is to get the financial support you need to get yourself established in your professional career as an artist. -
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This topic explores how you can effectively develop the financial admin of your creative business to ensure that you bring in finances more effectively
