Financial Management for Small Business Certificate [US]

This Financial Management for Small Business Certificate online training course is designed to provide small and medium-sized business owners a greater understanding of how to increase profits and improve their financial management skills.

This five-part series is designed to help businesses increase their profits and improve their financial management skill.

In this course, you will find out why you should pay attention to your cash flow. We'll give you step by step instructions for preparing a cash flow forecast that will help you keep your business healthy. You will find out about the different types of financing available to small businesses, and the benefits and drawbacks of each. We will discuss some issues related to accounts receivable and provide solutions. You will learn how to assess your needs for outside assistance. And finally, we will talk about how you can assess the risk attached to business decisions.

Course Learning Objectives

By taking this online Financial Management for Small Business course, users will :

• Explain the uses of a cash flow projection         
• Outline the steps in preparing a cash flow forecast
• Identify strategies for managing cash
• Identify sources of financing
• Discuss advantages and disadvantages associated with equity financing and debt financing
• Define accounts receivable
• Discuss advantages and disadvantages of granting credit
• Define accounts receivable aging report and explain what it is used for
• Assess the kind of business help you need
• Discuss the role of business professionals in advising small companies
• Summarize the three-step Risk Management Strategy
• Explain the relationship between cost structure and risk

Course Outline

This online course is made up of the following sections:

1. Managing your cash
2. Financing your business
3. Managing your accounts receivable
4. Seeking advice
5. Managing risk

Course Audience

The Financial Management for Small Business Certificate training course was designed for entrepreneurs looking to start a new business and small and medium-sized business owners.

If you have any concerns as to whether this course is appropriate for you or your industry, please browse our full selection of online courses.