e-Learning/ Basic Business Finance Training
from Competence Software

Outline of Financial Competence^® Course

The estimated time for completion of the course is [8 hours]. The estimated completion time of each lesson is shown below in brackets [].

[45 min] Lesson 1 = Overview

• Three Types of Statements
• Income Statement
• Balance Sheet
• Cash Flow Statement
• Review
• Quiz

[45 min] Lesson 2 = Income Statement

• Definition
• Sales
• Cost of Sales
• Gross Margin
• Operating Expenses
• Depreciation and Amortization
• Operating Income
• Other Income and Expenses
• Income Before Taxes and Taxes
• Net Income and Completed Statement
• Quiz

[45 min] Lesson 3 = Balance Sheet

• Definition
• Assets
• Current Assets
• Property, Plant and Equipment
• Intangibles
• Liabilities
• Current Liabilities
• Working Capital
• Long Term Liabilities
• Owner's Equity
• Completed Statement
• Quiz

[45 min] Lesson 4 = Cash Flow Statement

• Definition
• Sources and Uses of Cash
• Cash from Operating Activities
• Cash from Investing Activities
• Cash from Financing Activities
• Net Cash and Completed Statement
• Quiz

[75 min] Lesson 5 = Linking the Statements

• Linking Statement Items
• Sales and Accounts Receivable
• Cost of Sales and Inventory
• Inventory and Accounts Payable
• Operating Expenses and Accounts Payable
• Operating Expenses and Accrued Expenses
• Operating Expenses and Prepaid Expenses
• Property, Plant, Equipment and Depreciation
• Interest Expense and Accrued Expenses
• Income Tax Expense and Taxes Payable
• Net Income and Retained Earnings
• Alternative Format for Cash Flow
• Quiz

[75 min] Lesson 6 = Financial Analysis

• What are Financial Ratios
• Income Statement Ratios
• Balance Sheet Ratios
• Cross Statement Ratios
• Analyzing the Statements
• Quiz

[60 min] Lesson 7 = Review and Exam

• Income Statement Review
• Balance Sheet Review
• Cash Flow Review
• Linking Statements Review
• Analyzing Statements Review
• Final Exam

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Competence Software - Phone: 727-298-0341