Budgets and Financial Reports
LevelAll levels
ContentText / video
Study time3-4 hours


Money matters can be intimidating for even the smartest people. However, having a solid understanding of basic financial terms and methods is crucial to your career. When terms like ROI, EBIT, GAAP, and extrapolation join the conversation, you'll want to know what people are talking about, and you'll want to be able to participate in the discussion.

The Budgets And Financial Reports course will give you a solid foundation in finance. We'll cover topics like commonly used terms, financial statements, budgets, forecasting, purchasing decisions, and financial legislation.

Course Objectives

  • Identify financial terminology
  • Understand financial statements
  • Identify how to analyze financial statements
  • Understand budgets
  • How to make budgeting easy
  • Understand advanced forecasting techniques
  • Understand how to manage the budget
  • Identify How to make smart purchasing decisions
  • Identify the legal aspects of finances


Module One: Getting Started

Course Objectives

Module Two: Glossary

What is Finance?
Commonly Used Terms
Key Players
Important Financial Organizations
Understanding GAAP
Case Study
Module Two: Review Questions

Module Three: Understanding Financial Statements

Balance Sheets
Income Statements (AKA Profit & Loss Statements)
Statement of Retained Earnings
Statement of Cash Flows
Annual Reports
Case Study
Module Three: Review Questions

Module Four: Analyzing Financial Statements (I)

Income Ratios
Profitability Ratios
Liquidity Ratios
Working Capital Ratios
Bankruptcy Ratios
Case Study
Module Four: Review Questions

Module Five: Analyzing Financial Statements (II)

Long-Term Analysis Ratios
Coverage Ratios
Leverage Ratios
Calculating Return on Investment (ROI)
Case Study
Module Five: Review Questions

Module Six: Understanding Budgets

Common Types of Budgets
What Information do I Need?
Who Should Be Involved?
What Should a Budget Look Like?
Case Study
Module Six: Review Questions

Module Seven: Budgeting Made Easy

Factoring in Historical Data
Gathering Related Information
Adjusting for Special Circumstances
Putting It All Together
Computer Based Methods
Case Study
Module Seven: Review Questions

Module Eight: Advanced Forecasting Techniques

Using the Average
Regression Analysis
Formal Financial Models
Case Study
Module Eight: Review Questions

Module Nine: Managing the Budget

How to Tell If You’re on Track
Should Your Budget be Updated
Keeping a Diary of Lessons Learned
When to Panic
Case Study
Module Nine: Review Questions

Module Ten: Making Smart Purchasing Decisions

10 Questions You Must Ask
Determining the Payback Period
Deciding Whether to Lease or Buy
Thinking Outside the Box
Case Study
Module Ten: Review Questions

Module Eleven: A Glimpse into the Legal World

A Brief History
The Sarbanes-Oxley Act
CEO/CFO Certification
8th Company Law Directive
Case Study
Module Eleven: Review Questions
Wrapping Up

Contact information

Thank you

We will contact you as soon as possible to confirm and set the date and time.

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