Business Finance: Key Aspects to Increase Your Success

The Oxford English dictionary defines “finance” as the monetary resources and affairs of a state, organization, or individual. In this course, we will be focusing specifically on business finance, which involves the management of monetary resources within an organization. This course is designed to provide individuals with an introduction to business finance, without the need to delve into the complexities of accounting. It is crucial for managers and management students to have a solid grasp of business finance, as it plays a vital role in the success of any organization.

Key Aspects of Business Finance

There are two key aspects of business finance that we will be exploring in this course.

The first aspect is acquiring the funds necessary to invest in the business. This involves presenting an attractive proposition to potential investors and mitigating risks.

The second aspect is effectively managing the investment to yield returns. This requires implementing sound financial controls and reporting for the business. Throughout the course, we will cover a wide range of topics, including the reasons for business failures, the purposes of finance and accounting, fundamental principles of business finance, the Balance Sheet, Income Statement, and Cash Flow Statement, financial performance indicators, and investment analysis.

Common Causes of Business Failure

One of the main focuses of this course is to address the common causes of business failure. Inadequately skilled management teams, ineffective marketing strategies, and poor financial management are three key reasons why businesses fail. By equipping participants with a comprehensive understanding of financial management, encompassing key principles and pertinent issues in business finance, we aim to help individuals avoid these pitfalls and increase their chances of success.

In conclusion, we believe that this course will provide you with valuable insights into the world of business finance. Whether you are a manager looking to enhance your financial knowledge or a management student seeking a solid foundation in business finance, we are confident that you will find this course both informative and enjoyable.

So, let's dive in and explore the fascinating world of business finance together!

1. Students of business management
2. Students of business finance
3. Managers in business
4. Management trainees
5. People with an interest in the basics of business finance

There are no pre-course requirements.

Very informative. Easy to understand. Simplistic language ~ Pranisha L