This course provides an introduction to key topics in accounting and finance for those involved in new ventures. It reviews financial accounting basics, including GAAP Principles and financial statements, and also covers key issues in finance, broadly defined as any financial or monetary activity that involves a company.
Price: $195.00


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    This course, offered by our accredited school partners, provides an introduction to key topics in accounting and finance for those involved in new ventures. It reviews financial accounting basics, including GAAP Principles and financial statements, and also covers key issues in finance, broadly defined as any financial or monetary activity that involves a company.

    Learning Outcomes
    • Understand and explain the assumptions and principles that underlie Generally Accepted Accounting Principles (GAAP)
    • Understand and explain the rules of double-entry accounting
    • Calculate the balance of the account
    • Define the steps that make up the accounting cycle
    • Describe the relationship between the major financial statements that make up an annual report
    • Explain the role of finance in the entrepreneurial process
    • Understand the importance of budgeting and financial planning
    • Identify and explain the three major pricing strategies
    • Define and distinguish between fixed and variable costs
    • Calculate the components of a master (static) budget
    • Prepare a cash budget
    • Prepare and analyze pro forma financial statements

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    • Develop a basic financial plan
    • Use pro forma financial statements to evaluate a new venture
    • Explain the factors and assumptions involved in break-even analysis
    • Calculate Return on Investment (ROI) and payback period
    The course covers these topics:



    Generally Accepted Accounting Principles (GAAP)

    Rules of Double-Entry Accounting

    The Accounting Cycle

    Relationship of Financial Statements

    Financial Planning and Budgets

    Calculating the Master Budget

    The Cash Budget

    Pro Forma Financial Statements

    The Financing Plan

    Evaluating New Ventures

    Break-even Analysis

    Return on Investment and Payback Period
    All required reference materials are provided with this program. Technical requirements:

    Internet Connection
    • Broadband or High-Speed (DSL, Cable, Wireless)
    Hardware Requirements
    • Processor - 2GHz Processor or Higher
    • Memory - 1 GB RAM Minimum Recommended

    Software Requirements
    • Operating Systems - Windows 7, 8 or 10; Mac OS x 10 or higher
    • Microsoft Office 2007, 2010 or 2013 or a Word Processing application to save and open Microsoft Office formats (.doc, .docx, .xls, .xlsx, .ppt, .pptx)
    • Internet Browsers - Google Chrome is highly recommended
    • Cookies MUST be enabled
    • Pop-ups MUST be allowed (Pop-up Blocker disabled)
    • Adobe PDF Reader
    This course provides students with qualified support professionals to guide them through their learning experience. The student support team is available to answer any questions a learner may have including questions on course content, course material, certifications, and registration or enrollment questions. Support advisers also monitor the progress of learners to ensure training retention and program advancement.

    Product Type:
    Course
    Course Type:
    Professional Enrichment
    Level:
    Beginner
    Language:
    English
    Hours:
    5
    Duration:
    1 month
    Avg Completion:
    1 Month

      Get the support you need, when you need it

        • Our admissions advisors will help you identify career paths, accredited colleges, and funding solutions
        • Customer & Technical Support is available throughout your course experience via Live Chat, Phone, Email, and Text
        • Office hours are Monday through Friday, 8-5pm CT

      Stay on track to reach your completion goal

        • Scheduling and Time Management assistance tailored just for you
        • Active reminder notifications about important deadlines in your class
        • Join giveaway raffles for achieving course milestones

      Become Job-Ready: Career Training Programs ONLY

        • Take advantage of real-world experience outside of the classroom with an employer-based externship program
        • Work with a career counselor to schedule your certification exam (if applicable)
        • Complete an employer-ready resume with a career coach
        • Participate in live mock interviews and job guidance sessions

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