Winchester Center Programs Finance Financial Planning and Control This course considers practical finance and accounting tools for decision-making within organizations. You will learn about cost benefit analysis, return on investment (ROI), fixed and variable costs, break-even and CVP (cost-volume-profit) analysis, tracking and performance measures, and the Balanced Scorecard and its varied uses. After completing this course, you 9ll be able to: 1.
Explain cost benefit analysis 2. Calculate return on investment and the payback period 3. Explain fixed and variable costs 4.
Calculate breakeven and understand CVP (cost-volume-profit) analysis 5. Explain tracking and performance measures 6. Explain and calculate Balance Scorecard measures Level: Introductory Estimated Time to Complete: 3-5 hours CEUs awarded upon successful completion: .5 How to Read a Financial Statement This course covers financial reports and their meaning.
You will learn the fundamentals and importance of the income statement, balance sheet, and statement of cash flows, and how they can be used to manage a business. You will also be exposed to financial (ratio) analysis. After completing this course, you 9ll be able to: 1.
Identify and describe the documents and financial statements included in an organization 9s financial report 2. Itemize and interpret the information in the income statement, balance sheet, ... more. less.
statement of changes in shareholder 9s equity, and statement of cash flows 3. Correctly state the impact for specific business activities on cash flow 4.<br><br> Define financial (ratio) analysis and explain its objectives and limitations 5. Identify the various types and categories of financial ratios 6. Perform calculations using financial ratios Level: Introductory Estimated time to complete: 3-5 hours CEUs awarded upon successful completion: .5 Winchester Center Programs Finance Introduction to Business Statistics This course will introduce you to the importance of statistics in the business world.<br><br> Statistics is the science of collecting, organizing and analyzing data in order to make more effective decisions. Understanding statistical techniques can help any manager responsible for marketing, management, accounting, sales, or other business functions. This course will cover ways to organize, describe and present data; it also introduces the concept of probability.<br><br> You will also explore computational methods for presenting data, called descriptive statistics. Further, you'll be exposed to financial (ratio) analysis and its objectives and limitations. By the end of this course, you should be comfortable with financial reports and their meaning.<br><br> After completing this course, you 9ll be able to: 1. Differentiate between descriptive and inferential statistics 2. Distinguish between the 4 different scales of measurement: nominal, ordinal, interval, and ratio 3.<br><br> Identify the appropriate graphical or tabular method for presenting your data 4. Create frequency distributions 5. Create meaningful presentations and graphs (including: frequency polygons, bar graphs, pie charts, line graphs, and histograms) 6.<br><br> Calculate probability and explain its practical application 7. Compute the mode, median, and mean of a dataset 8. Calculate the variance and standard deviation of a dataset 9.<br><br> Interpret sampling with and without replacement 10. Explain the significance of the area under a curve Level: Introductory Estimated time to complete: 3-5 hours Winchester Center Programs Finance Introduction to Finance This course introduces the discipline of finance in an organizational setting. You'll learn how financial decisions fit into the world of business decision-making and how these choices pose problems, challenges, and opportunities for organizations and individuals.<br><br> Among the basics covered: responsibilities of financial managers; roles of finance in a typical business organization; legal forms of businesses; agency relationships; and relevant financial markets of interest to financial managers. Further you will explore the five principles that form the foundation of financial management and you will understand the non-financial manager's impact on, and role in, the finance function. After completing this course, you 9ll be able to: 1.<br><br> Identify and differentiate the three most common types of business organizations and the structure of each 2. State the fundamental objectives of a corporation and the differences between wealth and profit maximization 3. Recognize the impact of social and ethical responsibility on business 4.<br><br> Identify and describe the structure and functions of the finance department within an organizations 5. List and define the key principles that form the foundation of financial management 6. Recognize and define the five key financial markets 7.<br><br> Identify the sources, rules and life-cycle stages of corporate financing 8. Describe the function of the stock market and the three trading venues it utilizes 9. Recognize the factors related to the interest rate determination and the impact of interest on an organization Level: Introductory Estimated time to complete: 3-5 hours Winchester Center Programs Finance Time Value of Money and Risk This finance course covers Time Value of Money (TVM) principles and Risk and Return.<br><br> You will review the basic TVM techniques used in evaluating all financial decisions and their cash flow implications. For Risk and Return, you will learn how risk influences investment decisions, and how to calculate risk and rates of return. Further, you will explore the benefits of diversification and the use of the portfolio concept in investing.<br><br> After completing this course, you'll be able to: 1. Distinguish between points in time and periods of time as shown by a time line 2. Define compounding and discounting 3.<br><br> Compute future value or present value for single payment amounts 4. Distinguish between single payments and streams of payments and between uneven streams and annuities 5. Solve for the interest rate or time period for simple present value and future value problems 6.<br><br> Define risk 7. Describe how risk influences investment decisions 8. Calculate risk and rates of return 9.<br><br> Describe how diversification can limit risk 10. Explain how diversifiable risk can be lowered using a portfolio approach Level: Introductory Estimated time to complete: 3-5 hours CEUs awarded upon successful completion: .5 Winchester Center Programs Finance Understanding and Managing Budgets This course covers budgets and how they are used in organizational settings. You will gain an understanding of the uses and functions of master budgets, operating budgets, sales, production and cost of goods sold budgets, and cash budgets.<br><br> You will also learn how organizations are using different budgeting techniques to deal with operating challenges. After completing this course, you'll be able to: 1. Recognize the uses and functions of budgeting 2.<br><br> Recognize the key activities, considerations, and benefits of strategic organizational planning 3. Recognize the purpose and make-up of a master budget 4. Identify the components and calculations used to create a master budget and recognize uses for this information 5.<br><br> Identify the components and purpose of an operating budget 6. Recognize how sales, production, and cost of goods sold budgets are created and perform related calculations 7. Recognize the purpose of cash budgets and how they are prepared 8.<br><br> Identify ways the budget process can be managed for optimal results and recognize the benefits and limitations of the management-by-objective system Level: Introductory Estimated time to complete: 3-5 hours CEUs awarded upon successful completion: .5