Budgeting and Financial Analysis for Small Business (powered by MindEdge)
Budgeting and Financial Analysis for Small Businesses
Formats: Self Paced
Estimated length: 5 hours
Access Time: 90 days
.5 CEUs | 5 PDUs
This course will introduce you to the budgeting process and financial analysis. In module one, you will develop your ability to prepare budgets, generate pro forma financial statements, and analyze budget variances. Module two will focus on analyzing the financial position of your business through financial ratio analysis, benchmarking, and break-even analysis.
Understand the importance of budgeting and financial planning
Demonstrate an understanding of the role that budgets play in measuring performance against established goals
Differentiate between strategic and tactical budgeting
Analyze the master budget through variance analysis
Prepare and analyze pro forma financial statements
Explain the importance of the cash budget and describe how it is created
Define financial (ratio) analysis and explain its objectives
Assess the pitfalls of financial (ratio) analysis
Identify the various categories of financial ratios typically used in small business environments
Explain the factors and assumptions involved in break-even analysis
Compute the break-even point and break-even revenue for a given product
Games & Flashcards
Audio-enabled in app
This course has an “Ask the Expert” feature, which submits your questions directly to an expert in the field you are studying. Questions are answered as quickly as possible and usually within 24 hours.
This course does not require any additional purchases of supplementary materials.
Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive IACET CEUs. Learners will have three attempts at all graded assessments.
The following list outlines the PDUs you will earn for completing this course, based on the certification you have.
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