Basics of Financial Management

Name: Basics of Financial Management
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Develop a solid foundation and learn essential financial management concepts with this free online course on Alison.com.

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Learning Outcomes

In this free course, you will learn how to:

Define the term ‘financial management’
Identify the role of financial managers in an organisation
Describe the fundamentals of budgeting and the budgeting process for organisations
Explain what a statement of financial position/balance sheet is along with its components
Discuss what a ‘profit and loss’ statement is and an explanation of its key heads
Describe how to make a cash flow statement and the importance of cash for organisations
Explain what a ‘statement of changes in equity’ is along with its key components
Identify some of the controversies that exist regarding the subject of stockholders' equity
Discuss the process of interpreting and analysing financial statements through key ratios based on the target users
Describe how all the financial statements are interrelated to one another when it comes to decision-making and trend analysis
Compute the formula for the calculation of the DuPont equation and list its advantages
Discuss the internationalisation of businesses along with its impact on risk and shareholder wealth

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