Self-Study
14
Intermediate
Finance
Basic math and accounting.

Course Description

This course provides accountants, managers, and entrepreneurs with the information, analyses, and insights necessary to analyze and calculate the consequences of a wide range of business financial strategies and problems. The ability to select the right operational technique is vital for a business to survive, profit, and grow in today's uncertain economic environment. Small business owners must be able to make the right financial decisions based on sound mathematical reasoning in order to run a business efficiently.

This course contains hundreds of filled-in examples, illustrations, practical applications, measures, procedures, rules of thumb, statistical data, exhibits, tables, graphs, and diagrams presented to aid in the comprehension and successful solution of specific problems. You'll learn when and how to use the appropriate computational method, why it is used, when computer techniques such as spreadsheets should be used, and how to read and analyze the computer printout.



Instructor

Delta Publishing

For many years, Delta Publishing has offered a wide variety of continuing education courses for financial professionals. Topics covered by Delta’s courses include accounting, financial management, budgeting, investments, financial statement reporting, business management, IFRS, ethics, valuations, real estate, and business writing. The diversity and breadth of Delta’s course offerings make the company a prolific and unique contributor to the CPE world. Delta’s well-credentialed authors and contributors have also been published in numerous academic and professional journals and quoted by some of the leading financial media outlets.



Course Specifics

Finance
Jul 28, 2017
Basic math and accounting.
SS3131096
409
None


Compliance Information

103220
Qualifies for CA Fraud: No


Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Calculate simple interest and effective interest rates
  • Recognize various ways to compute the cost of credit
  • Calculate the costs of various sources of financing
  • Define cost of capital

Chapter 2

  • Recognize the structure and types of budgets, components to consider when establishing a budget, and the accounting for various costs
  • Identify the costs that evaluate cost structure
  • Identify key steps in preparing a forecast in cash collections

Chapter 3

  • Identify the types of business forecasting methods and analysis techniques, their components, and usage
  • Recognize the characteristics and calculations of simple regression and multiple regression to determine the relationship of dependent and independent variables
  • Recognize the applicable use of the Chi-Square test

Chapter 4

  • Identify the sources and uses of cash on the cash flow statement and techniques to manage cash and accounts receivable
  • Recognize when a bank reconciliation should be prepared and how transactions are allocated
  • Calculate cash float, cash from operations, cash rations, and accounts receivable ratios

Chapter 5

  • Identify inventory management models and ratios
  • Recognize the variables the affect how much inventory to order, when to order, what the production run size should be, and how much safety stock to add to the reorder point
  • Calculate economic order quantity with quantity discounts

Chapter 6

  • Identify various types of sales ratios, different types of discounts, and the breakeven sales point
  • Calculate the selling price, cash discounts, breakeven points, markups, commission, and after-tax profit
  • Recognize the concepts of operating leverage, contribution margin for short-term decision making, and the elasticity of demand

Chapter 7

  • Recognize the concepts and calculations related to risk-return trade-off, opportunity cost, payback period, rate of return, profitability index, and capitalization
  • Recognize the concepts and calculations related to present values, future values, and how money grows
  • Calculate the present value, the future value, the present value of an annuity of $1, internal rate of return, and profitability index

Chapter 8

  • Recognize the characteristics of and calculations for operating assets, repairs and maintenance, and business efficiency measures

Chapter 9

  • Identify the purpose, components, and methods of accounting for an income statement and balance sheet
  • Recognize the purpose and types of ratios, proportions, and percentages related to preparing financial statements and charts
  • Identify visual presentation techniques

Chapter 10

  • Identify definitions, examples, and the effects of horizontal analysis, vertical analysis, the operating cycle, and operating leverage
  • Recognize the definitions and usage of various types of indexes and growth rates to show relationships among financial figures
  • Recognize the usage of ratio analysis on financial statements using liquidity ratios, activity (turnover) ratios, long-term solvency (leverage, debt service) ratios, profitability ratios, and market value ratios
  • Recognize which ratios predict financial distress (or bankruptcy) and the ability to meet financial obligations and uncertainties
  • Calculate the average collection period and the debt/equity ratio

Chapter 11

  • Recognize the concepts, computations, and differences between earnings growth, rate of return on investments, return on equity, simple rate of return, return on total assets, and residual income to measure business performance
  • Identify the types of variances, their characteristics, and how they are computed
  • Recognize the characteristics and impact of marginal revenue, cost, and analysis on business performance and opportunities
  • Calculate return on investment, residual income, price variances, quantity variances, and mix and yield variances

Chapter 12

  • Recognize the attributes of averages, expectations, and variability in business activities
  • Calculate the mean, median, mode averages
  • Calculate expected value and standard deviation

Chapter 13

  • Identify insurance terminology and key issues in deciding how much business insurance is needed, factoring in coinsurance and copayment
  • Recognize the risks associated with insurance
  • Recognize the filing requirements associated with a claim and the subsequent value of a claim

Chapter 14

  • Recognize the characteristics for permutations and combinations and how to calculate them
  • Identify human resource needs and ways to assign personnel
  • Recognize the cost and tax status of fringe benefits and profit sharing plans
  • Recognize the factors that impact of employee efficiency and the impact of these expenditures

Chapter 15

  • Recognize the factors and methods of determining the price of a business
  • Determine the value of a business
  • Identify key factors in valuing a franchise


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Online Access

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online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

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