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Module 1 - The Foundation
Contains a theoretical description of the fundamentals of accounting principles and recording procedures,
double entry, the accounting equation and balance sheets, trial balances, income statements,
cash flow statements for each typical transaction throughout the first four years of the activity of the firm.
Module 2 - Operating the Firm
Operating the Firm
The teaching methodology is based on simulating the “real life” of a company, from launching its operations. It uses the “typical transaction” approach to simplify the learning, on a transaction-by-transaction path.
All transactions carried out by the firm are entered in the Accounting System, in a user-friendly spreadsheet format, from the start of operations (the initial capital provision by the Owners) then each accounting period until the end of the fourth fiscal year. We will use such knowledge and skills in preparing financial statements for seven accounting periods.
The main accounting periods are (note that the first Year includes four shorter accounting periods):
End of Quarter 1
End of Quarter 2
End of Year 1
End of Year 2
End of Year 3
End of Year 4
Throughout the Accounting System you will apply the basic principles learned in Module 1.
Module 3 - Cash Management and Profitability Analysis
Cash Management and Profitability Analysis
On completion of this module you will able to carry out liquidity and profitability ratio analysis, and cash management analysis using simulations or ‘what if scenarios’. These will help you understand and interpret the effect, on the financial statements, of changes in unit prices, number of licenses sold, running costs and supplier’s credit – and finally relating them to the achievement of the company’s financial targets.
The learning methodology makes extensive use of the Accounting Lab applied to working on and mastering “What if” scenarios.
Module 4 - Strategic Financial Management
Strategic Financial Management
On completion of this module you will able to carry out strategic financial management by implementing key policies of the firm aimed at securing the following financial objectives:
Liquidity, by having sufficient cash to cover future expenses
Payback, or the recovery of initial investment at any point after the start of the project
Profitability – (Return on Initial Capital (ROIC) and Return on Equity (ROE))
You will carry out “What if” scenarios for these key variables under different levels of unit prices, market share, expenses, and bank loans and Supplier’s credits. After creating such scenarios, you must interpret the affected financial statements. The aim is to learn how different management actions contribute to your financial objectives and know what to expect from your affected financial statements.
The learning methodology is carried out by using the Financial Simulator applied to working and mastering “What if” scenarios.
Module 5 - Investment Decision Analysis
Investment Decision Analysis
On completion of this module you will able to implement investment decision analysis by running simulations based on:
Cash flows for four years of operations of the firm
The Time Value of Money – in theory and practice
Net present value (NPV)
Internal rate of return (IRR)
Break-even point (B/E)
“What if” scenarios for key variables under different levels of market share, unit prices, and cost reduction, all set up for achieving the above financial targets. The learning methodology is carried out by using the Financial Simulator applied to working and mastering “What if” scenarios.
Module 6 - The Business Simulation Game
The Business Simulation Game
The learning is enhanced by using the Financial Simulator applied to cases of “real life” experience.
On completion of this module you will be able to measure the impact of the following key management actions:
Changes in capital
Changes in market share
Changes in unit prices
Changes in running expenses
Changes in borrowing and suppliers’ credits
You will see the actions’ effect on the the main indicators of the firm’s financial performance: liquidity, payback, break-even, profitability, Net Present Value (NPV) and Internal Rate of Return (IRR).
You will be able to carry out simulations using the Financial Simulator methodology to learn, in a “gaming” environment, how to analyse the impact of these management actions on the main indicators of the firm’s performance – based on the Income Statements and the Balance Sheets from Y1 through Y4.
Module 7 - Business Plan – A Case Study
Business Plan – A Case Study
The purpose of a business plan is to submit to lenders and potential investors the benefits, costs, market, technology, skilled personnel, and the financial advantages of a proposed investment in a business opportunity.
As you have gone through EntreprenAble, you should have already acquired the most important knowledge and skills for preparing a clear and sound financial forecast of your business plan. You have learned how to prepare and analyse: Cash Flows Projections, Balance Sheets, Cash Flow Statements, and Change of Equity Statements.
In this Module, you will examine the financials of a fictional company’s business plan. This will help you understand the application of your newly-earned skills, in light of convincing your investors and running a successful business!
Quiz + Certificate
Certification process in 3 easy steps:
STEP 1 – Study the course
STEP 2 – Test your knowledge
STEP 3 – Achieve the Professional Certificate
The credible certificate by EntreprenAble will help you succeed as an entrepreneur, or will help you find a great job !
Here is a sample of the certificate you will achieve after successfully completing the quiz:
Very full and practical approach. This course is innovative and rewarding. It is very easy to access at home, work or on the go.
Mark Stevens, New York City USA
EntreprenAble is not only the best student's reference to the most commonly used technics and practices in accounting and financial analysis, but it's really the perfect 'tool box' for financial managers.
David Anderson, Boston USA
Reading EntreprenAble is smooth and refreshingly jargon-free and I have immersed with no stress in this tick subject.
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The Full Course plan can be easily upgraded to lifetime access and updates. Thus you can use the content as reference material.
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