Unit 4: Accounting, Finance, and Banking
Daily there are financial decisions made by the business owner that will impact every phase of the business operation such as payroll, cash flow, and projecting future growth. A thorough understanding of accounting and financial management will allow you, as a business owner, to find the best sources and use of funds. Your means of measuring the health of the business will come from the income statement, balance sheets, and financial ratios. The concepts you will learn in this unit will be key to your business survival and success. This unit will also help you understand how to report your business's finances to the Internal Revenue Service.
Completing this unit should take you approximately 22 hours.