What you'll learn:
- What corporate finance is
- How the field of corporate finance relates to accounting and economics
- Different types of business entities
- What financial statements are and how they are used
This course will cover the core concepts of corporate finance.
You will know the differences and similarities between the field of finance, accounting, and economics. Accounting is generally using past data to construct the financial statements in accordance with accounting standards. The financial statements are critical to the field of corporate finance but the the focus is different. Corporate finance will generally use data from the financial statements to make forecasts about future performance driving decision making.
Economics is a broader topic about the conditions of a market. Economics is also important to corporate finance because economic conditions must be estimated during the decision making process.
We will be able to list and discuss different forms of business organizations.
Learners will understand the primary financial statements including the balance sheet, income statement, and statement of cash flows. The financial statements are one of the primary tools used in corporate finance. They are generated from past data and we use then to make predictions about future performance.
The balance sheet tells us where we stand at a point in time, while the income statement gives us an idea of performance over a time range.
This course will include many practice problem examples, including examples using Excel worksheets. Excel worksheets will be provided that generally have at least two tabs, one with the answer, the other being preformatted allowing learners to work the practice problems in a step-by-step format along with instructional videos.