Accounting and Finance for Entrepreneurs
Learn financial accounting basics, and cover key issues in finance, broadly defined as any financial or monetary activity that involves a company.
Classes Start Available Anytime
Course Overview
This comprehensive course provides aspiring entrepreneurs and business owners with a crucial introduction to the fundamental principles of accounting and finance, designed specifically for those involved in new ventures. The course begins by exploring the basics of financial accounting, covering key concepts such as GAAP principles and financial statements. Participants will learn to interpret and analyze financial statements, gaining insights into a company's financial health and performance. By mastering these accounting principles, entrepreneurs will be equipped to make informed financial decisions and effectively communicate financial information to stakeholders.
Beyond financial accounting, the course addresses key issues in finance, including financial planning, budgeting, cash flow management, and financial risk assessment. Participants will gain practical knowledge and skills in managing financial resources, making informed investment decisions, and optimizing their ventures' financial performance. Engaging in practical exercises, case studies, and simulations, participants will directly apply accounting and finance concepts to real-world scenarios, enhancing their ability to navigate financial challenges and capitalize on opportunities.
Course Format
This self-paced course offers a dynamic and engaging learning experience, combining interactive elements such as games, flashcards, video content, real-world case studies, and curated readings. Participants have the flexibility to progress at their own pace, while interactive games and quizzes reinforce key concepts and track progress. Flashcards, expert-led videos, real-world case studies, and carefully curated readings deepen knowledge.
Price
$375Course Details
Units 0.5 CEUs / 5 PDUs
Location Online Courses
Course Type Self-Paced
What You’ll Learn
After successful completion of this course, you will be able to:
-
Describe the managerial roles played by an entrepreneur and understand the assumptions and principles underlying Generally Accepted Accounting Principles (GAAP).
-
Grasp the rules of double-entry accounting and calculate the balance of accounts, demonstrating proficiency in fundamental accounting concepts.
-
Understand the relationship between major financial statements found in an annual report, providing a comprehensive understanding of financial reporting.
-
Explain the role of finance in the entrepreneurial process, recognize the importance of budgeting and financial planning, and identify various pricing strategies and cost structures.
-
Use financial tools, including pro forma financial statements, break-even analysis, Return on Investment (ROI), and payback period calculations, to develop a basic financial plan and evaluate the financial viability of a new venture.
Your Instructor
Project Manager, Finance and Administration at Oregon State University
Tze-Yiu Yong has over 25 years of professional experience as an engineer, manager and project manager in the areas of high tech, healthcare, machine learning and academia. He has managed projects in all functions of the organization including R&D, operations, IT and marketing, and he currently works as a project manager at Oregon State University. Here he drives programs related to student recruitment and retention, online learning, and student success analytics.
Passionate about raising the awareness of the necessity of project managers, he also currently serves as the Vice President of Marketing for a regional chapter of the Project Management Institute in Oregon where he calls home.