Business Finance Basics

Lesson 1: Reviewing Financial Basics

• Topic A: Identify the Benefits of Finance
• Topic B: Describe Financial Statements

Lesson 2: Interpreting Balance Sheets

• Topic A: Identify Elements of Balance Sheets
• Topic B: Analyze a Balance Sheet

Lesson 3: Interpreting Income Statements

• Topic A: Identify Elements of Income Statements
• Topic B: Analyze an Income Statement

Lesson 4: Interpreting Other Financial Statements

• Topic A: Read Cash Flow Statements
• Topic B: Read Statements of Stockholders’ Equity
• Topic C: Read Notes to Financial Statements
• Topic D: Identify Elements of Financial Statements for Non-Profits

Lesson 5: Planning a Budgeting Approach

• Topic A: Describe Budgeting Principles
• Topic B: Choose What and How to Budget

Lesson 6: Utilizing Budgets

• Topic A: Prepare an Operating Budget
• Topic B: Prepare an Activity-Based Budget
• Topic C: Monitor a Budget