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Financial Basics for Small Businesses

For small business owners and employees, it can feel daunting to manage the financial side of your business. This is especially true for organizations in the United States, where tax forms and regulations can be frustrating and confusing at best. financial basics offers insight into how to navigate your organization’s unique challenges and help you make confident financial decisions. This focused, beginner-friendly course is designed to be a gentle introduction to the financial aspects every small business owner should know.

By the end of this course, you’ll be able to understand important financial terms and statements, allowing you to confidently make financial decisions for your small business. If you’ve been looking for a way to learn the financial basics you’ve been missing – or could use a refresher – this course is for you! 

In 11 bite-sized lessons, we will: 

  • Introduce Income Statements, Balance Sheets, and Statements of Cash Flows, and explain their importance.
  • Discuss the corporate entities relevant to small businesses.
  • Explore common US tax forms and tax filing options.
  • Dig deeper into Costs of Goods Sold, and how to identify expenses.
  • Distinguish between cash basis and accrual accounting methods.

Once enrolled, our friendly support team is here to help with any course-related inquiries.

Summary

  • Skill level:  Beginner
  • Lessons:  11
  • Pre-requisites:  None
  • Estimated study time:  6h for all materials
  • Certificate:  Yes
  • Accredited by:  CPD
  • Video duration:  47m

Features

Premium video tutorials
Personalized Learning
Learn at your own pace
Tests and Quizzes
Award winning instructors
Get Certified
Mobile - Learn on the go
Regularly updated content

Accreditations & Approvals

All courses under each learning path are accredited and approved by one or more of the following bodies as is applicable. 

Instructors

All courses are taught by reputed trainers with relevant accreditations and industry experience.

Modules

Income Statements

Understand how business income and expenses are recorded and summarized.

 

Significance of the Income Statement

The Income Statement (aka the Profit and Loss) is a key to making well-informed financial decisions.

 

Balance Sheets

Understand the meaning of assets, liabilities, and equity, and how this report is different from the profit and loss.

 

Significance of the Balance Sheet

Understanding this report will help users identify errors and generally see the health of a business, regardless of it’s size.

 

Cash Flows

This report tells the story of a business, where the money is coming from, and where it’s going.

Entities, Tax Types, Payroll, and More

Identify different terms and tax types

 

US Tax Forms for Small Businesses

Recognize terms such as sales tax, excise tax and use tax

Cost of Goods Sold

Learn to identify which expenses are actually a cost of sales

 

Expenses (and What are Not Expenses)

Learn about categorizing expenses

Accounting Methods

Identify the differences between cash basis and accrual accounting

Conclusion and Review

A review of our course and advice for the future

Target Audience

  • Graduates exploring placement in the entry-level Financial positions across industries
  • Finance professionals needing upskilling to be future-ready or become more productive in their current roles
  • Experienced individuals exploring Financial Basics for Small Businesses  to join the workforce

How do I Access The Program

  • Buy the course online
  • Save your payment transaction receipt for any future reference 
  • Our team will share the credentials to enable you access your course online within 2 business days of payment transfer

Bulk Orders

Incase you are looking for bulk user licenses, or customized Learning Paths for various Job Roles, reach out to us with your detailed requirements.

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