Understand and Apply Business Finances

Categories: Business Management
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About Course

Upon completion of this short course, learners will have a basic understanding of financial principles, be able to identify key financial and bookkeeping documents, and apply these documents within a business context.

What Will You Learn?

  • Understand fundamental financial principles and terminology used in business
  • Identify and interpret key bookkeeping and financial documents
  • Record and understand income and expenditure transactions
  • Understand how financial documents reflect the performance and position of a business
  • Determine cash flow using financial information (with guidance from an accountant)
  • Assess the financial status of a construction business using financial documents
  • Apply financial knowledge to support day-to-day business operations in construction

Course Content

Session 1: Identify bookkeeping and financial documents

  • 1. Learning Outcomes
  • 2. Bookkeeping terminology is identified and described
  • 3. Income and expenditure transactions are discussed
  • Identify bookkeeping and financial documents-Quiz

Session 2: Understand business financial documents

Session 3: Identify opportunities for personal growth and advancement in the workplace

Session 4: Determine the organizations financial status from the various financial documents with the assistance from an accountant

Final Assessment: Understand And Apply Business Finances

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