BUSINESS FUNDAMENTALS

Understand the fundamental concepts of business, including definitions, types, functions, and the business environment.

Understand the fundamental principles and components involved in running a successful business.

Understand the various types of business structures, including their advantages, disadvantages, and legal implications.

Gain a comprehensive understanding of the internal and external environments in which businesses operate, and learn how to analyze and adapt to these environments effectively.

Understand the fundamental concepts of business planning, its importance, and the key components of a successful business plan.

Understand the principles and practices of financial management, including financial planning, capital budgeting, risk management, and financial analysis.

Understand the three primary financial statements: the Income Statement, the Balance Sheet, and the Cash Flow Statement, and learn how to interpret and analyze them.

Understand the principles and practices of cash flow management, including forecasting, monitoring, and optimizing cash flows to ensure business stability and growth.

Understand the principles, processes, and techniques of budgeting, and learn how to create, implement, and manage budgets effectively to ensure financial stability and strategic goal achievement.

Understand the principles and techniques of financial analysis, including the interpretation of financial statements, ratio analysis, trend analysis, and benchmarking to evaluate an organization’s financial performance and health.

Understand the fundamental principles of accounting that guide the recording and reporting of financial transactions.

Gain a foundational understanding of accounting, including its purpose, basic concepts, and the role it plays in business.

Learn the fundamentals of bookkeeping, including its purpose, methods, and importance in maintaining accurate financial records.

Gain proficiency in interpreting and analyzing financial reports to assess a company's financial health and performance.