The CBA® Accounting and Finance course provides an overview of essential issues regarding the areas of accounting and finance. The objective of the course is to impart enough information and develop sufficient basic skills to allow the student to understand the impact that these subject matters have on small businesses. The lack of an understanding of, or lack of financial information in general, represent major causes of business failure.
This course covers business organization, accounting, tax, business planning, financial statement analysis and other specialized analytical techniques. This course is one of the more quantitative areas in the program. The work in this course will require effort by the students to work out problems using basic mathematic skills and to learn more advanced analytical techniques based on those skills.
It is comprised of nine (9) modules:
- Session 1: Business Entities
- An introduction to the way that businesses are organized and taxed.
- Session 2: Business Planning
- An examination of the business plan and its uses and purposes.
- Session 3: Financial Statements
- An introduction into the various types of financial statements, what's on them, and what their use is.
- Session 4: Financial Statement Analysis
- How to use the information found in financial statements to understand a business.
- Session 5: Financial Projections and Cash Flow Analysis
- The basics of making financial projections.
- Session 6: Managerial Accounting
- Break-even analysis and other forms of managerial accounting.
- Session 7: Sources of Financing
- Types of SBA programs available and a discussion of other funding sources.
- Session 8: Cost of Capital and Capital Budgeting
- The basics of cost of capital and capital budgeting.
- Session 9: Valuation
- A review of the processes for valuing non-public, closely held firms.