Unit 4: Accounting, Finance, and Banking
Every day, business owners make financial decisions that will affect every phase of the business operation, such as payroll, cash flow, and projecting future growth. A thorough understanding of accounting and financial management allows business owners to find the best sources and use of funds. For example, you can derive an accurate measure of the health of your business from the income statement, balance sheets, and financial ratios. We investigate financing options, how to analyze credit, and the time value of money. We also examine how banks, such as the U.S. Federal Reserve Bank, affect the ability of businesses to obtain financing.
Completing this unit should take you approximately 12 hours.
4.1: Business Accounting
4.2: Components of an Income Statement
4.3: Components of a Balance Sheet
4.4: Financial Ratio Analysis
4.5: The Role of Banks in Finance
4.6: Financing Options
Unit 4 Assessment
- Receive a grade