Financial Management
Basic
Topic-Level Outline
Days: 1
Prerequisites: None
Unit 1 : Basics of accounting
Topic A:0 Accounting
A-1: Identifying the need for accounting
Topic B:0 Key accounting terms
B-1: Understanding the accounting equation
B-2: Identifying transactions and accounts
B-3: Understanding the “T” account
B-4: Identifying revenue and expenses
B-5: Identifying capital and withdrawals
B-6: Identifying temporary and permanent accounts
B-7: Identifying fixed cost and variable cost
Unit 2 : Accounting cycle
Topic A:0 Basics of the accounting cycle
A-1: Understanding the basics of an accounting cycle
Topic B:0 Analyze, record, and post transactions
B-1: Analyzing and posting a transaction
B-2: Balancing a General Ledger
B-3: Identifying cash and accrual bases of accounting
Topic C:0 Trial Balance
C-1: Preparing a Trial Balance
C-2: Identifying common errors found in a Trial Balance
C-3: Identifying financial statements
Unit 3 : Income Statement
Topic A:0 Income Statement basics
A-1: Identifying types of revenues and expenses
A-2: Calculating profit and loss
Topic B:0 Prepare and interpret an Income Statement
B-1: Preparing an Income Statement
B-2: Interpreting an Income Statement
Unit 4 : Balance Sheet
Topic A:0 Balance Sheet basics
A-1: Identifying components of a Balance Sheet
Topic B:0 Prepare Balance Sheets
B-1: Preparing a Balance Sheet
Topic C:0 Interpret Balance Sheets
C-1: Identifying liquidity
C-2: Identifying the debt-to-total-assets ratio
Unit 5 : Other financial statements
Topic A:0 Cash Flow Statement
A-1: Identifying accounts on a Cash Flow Statement
A-2: Identifying benefits
A-3: Preparing a Cash Flow Statement
Topic B:0 Statement of Stockholders’ Equity
B-1: Preparing a Statement of Stockholders’ Equity
Unit 6 : Budgeting
Topic A:0 Fundamentals of budgeting
A-1: Understanding budgeting
Topic B:0 Analyze financial statements
B-1: Identifying methods of analyzing financial statements
B-2: Identifying ratios used for budgeting
B-3: Calculating the break-even point
Topic C:0 Set objectives
C-1: Setting effective objectives
C-2: Identifying common budgeting problems
Topic D:0 Monitor performance
D-1: Identifying a “pro forma” financial statement
D-2: Creating a “pro forma” financial statement