In running a successful and sustainable business, there are a few essential skills that cannot be neglected. An understanding of financial management and how it applies to your business is one of these essential skills. This course will provide you with a solid foundation for establishing your financial practices. It will also provide you with valuable information on how financial instruments can strengthen your financial position, how the economy affects your business and how to budget for financial success.
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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.’ -
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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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This topic of the financial management course will give a clearer understanding of financial budgeting. If you budget effectively, your business will be boosted and become stronger and profitable. -
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This topic of the financial management course deals with the fundamentals of financial management. These financial accounting principles will help you understand the important role of finances in building a sustainable and successful business for the future. -
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This topic explores how to assess the financial health of your business with reference to the liquidity and leverage levels in your business by applying debt ratio analysis. -
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This topic explores the balance sheet liabilities in more detail and explains the vital year-end adjustments and practices for their entry into the balance sheet. -
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This topic of the financial management course explores the balance sheet liabilities in more detail. It explains the vital year-end adjustments and practices for their entry into the balance sheet. -
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This topic of the financial management course explores the balance sheet current assets in more detail. It explains the importance of year-end adjustments and practices for their entry into the balance sheet. -
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This topic of the financial management course explores the balance sheet fixed assets in more detail. It explains how to enter fixed assets into the balance sheet after depreciation adjustments have been made. -
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This topic explores the vital role of the cash flow statement in determining your cash flow position and explains how to draw up and interpret your cash flow statement for meaningful financial insight. -
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This topic of financial management covers the importance of the balance sheet. The balance sheet helps you determine if your business is financially sustainable. It also provides an overview of how to compile and use this statement. Understanding the balance sheet is crucial in financial accounting. -
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This topic of the financial management course explores the vital role of the income statement. The income statement determines the financial performance of your business. You also learn how to compile and use the statement effectively.