Course Detail
Units:
3.0
Course Components:
Lecture
Enrollment Information
Course Attribute:
Hybrid Classes
Description
The course covers the financial aspects of the new and small business entrepreneurship for owners of sole proprietorship, partnership, and small nonpublic corporations. The focus is on: (1) an over view of accounting fundamentals: (2) selecting the correct organizational form; (3) managing payables and receivables; (4) planning and financing for investments in plant and equipment; (5) working capital requirements & cash flow statements; (6) using financial statements for reporting and planning; and (7) mechanisms used to finance the small business (debt, line of credit, equity investment). Other topics include practical applications, bookkeeping systems, economic concepts of finance, management functions, business organizations and ownership, business plans, financial statements, profitability, break-even analysis, forecasting, pro forma financial statements, current working capital management, effective rate of return, time value of money, techniques of capital budgeting, risk management, and investment strategies.