Basics of Financial Management

Are you interested in building a sound understanding of the fundamentals of financial management? This course will instruct you in every step to ensure that the concepts become crystal clear. We begin with a definition of the term ‘financial management’ itself and everything that it encompasses. We discuss the role of business managers in today's world and explore budgeting, a critical component, along with a step-by-step breakdown of the budgeting process.

Despite all advancements in financial management, even the best investors start by checking the company's financial statements. You will learn about financial statements using samples and an explanation of the breakdown of key components. The core of financial management lies in the analysis of trends and projections. You will identify the essential tools and ratios used in the professional world to determine the meaning behind the numbers presented in financial statements.

Are you constantly looking for ways to improve the performance of your department or company? One of the necessary aspects of performance management is benchmarking. We will examine the benchmarking process in detail. International businesses face even more challenges. You will identify the principal risks faced by organisations, both financial and otherwise, once they decide to go global. Financial management is a growing field. A thorough understanding of the basics can help you develop a lucrative career. So do not waste more time and enrol now to advance your learning journey.