Finance Simplified Course Outline

Financial Competence 

Outline of Financial Competence Course

The estimated TOTAL time for completion of the course is [8 hours].

Our courses are self paced and self-administered and reside on your own Windows PC. When you leave a lesson for any reason and then resume the course, you will automatically be returned to where you left off.

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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