Financial information of the company’s transactions is vital to the survival of the company. People both inside the business (managers, owners, and employees) and people outside the business (investors, lenders and governmental agencies) all depend on the accurate recording of financial transactions which require financial knowledge, because:
- Financial institutions won’t loan money to a company unless they trust the financial reports that have been prepared by that company when it applies for a loan.
- Investors won’t invest in a company if they don’t trust its financial reporting.
- Employees need to know their job will still be there tomorrow and many employees are dependent on accurate financial reports in order to do their jobs.
So on this short course I will be giving you financial skills that you can use everyday to run your business with accuracy, efficiency and success.
Basics of finance
Finance can be intimidating, especially to those who a new to the language of finance. So on this introduction chapters I will be mapping the land for you so that you are able to move with understanding.
In the world of business the ability to know and apply the knowledge of finance is essential to the survival of any business. This section of the course will help owners and business administrators to work with with finance successfully.
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