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Role of Finance in Business and Society
Learndrive

All you need to know about Finance | Include Free PDF Certificate & Tutor Support

Summary

Price
£19 inc VAT
Study method
Online, On Demand
Duration
1.7 hours · Self-paced
Qualification
No formal qualification
Certificates
  • Reed Courses Certificate of Completion - Free
Additional info
  • Tutor is available to students

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Overview

Discover the integral role of Finance in both the business world and society at large with this comprehensive course. From the fundamentals of economics to dissecting financial statements and exploring investment strategies, this course provides a thorough understanding of the key concepts in Finance. Whether you're an aspiring finance professional or simply intrigued by the world of finance, this course equips you with essential knowledge.

Learning Outcome: Upon completing this Finance course, participants will:

  • Grasp the core concepts of Finance and their applications.
  • Understand the role of banks in the financial system and economy.
  • Analyze financial statements for effective decision-making.
  • Comprehend the Time Value of Money and its significance.
  • Explore various financial products and their risks.

Certificates

Reed Courses Certificate of Completion

Digital certificate - Included

Will be downloadable when all lectures have been completed.

Curriculum

11
sections
16
lectures
1h 40m
total

Course media

Description

Dive into the world of Finance and unravel its impact on both business and society. This course provides a comprehensive overview of finance, starting from its historical roots to its contemporary role in the modern economy. Whether you're a budding finance professional, a business enthusiast, or an individual looking to manage personal finances, this Finance course is designed to meet your learning needs.

Course Curriculum:

  • Module 1: Basics of Finance

    • Defining Finance and its significance.
    • Tracing the historical development of the financial system.
    • Exploring the branches of Finance.
    • Key concepts that underpin the world of Finance.
    • The pivotal role of Finance in business and society.

  • Module 2: The Banking System in Finance

    • Functions and importance of banking institutions.
    • Diverse types of banks and their roles.
    • Central banks and their impact on monetary policy.
    • The regulatory role of banks in the economy.

  • Module 3: Fundamentals of Economics

    • Introduction to microeconomics: Supply and demand dynamics.
    • Understanding price elasticity of demand.
    • Introduction to macroeconomics: Monetary and fiscal policy.
    • The concept of inflation and its implications.
    • Exploring the business cycle.

  • Module 4: Financial Statements and Cash Flow

    • Understanding the balance sheet.
    • Unpacking the income statement.
    • Significance of the statement of cash flow.
    • Interconnections between financial statements.
    • The vital role of cash flow in business operations.

  • Module 5: Financial Statements Analysis

    • Utilizing standardized financial statements.
    • Analyzing liquidity, profitability, and solvency ratios.
    • Vertical and horizontal analysis of financial statements.
    • The art of financial forecasting.
    • Recognizing limitations of financial statement analysis.

  • Module 6: Time Value of Money

    • Grasping the time value of money concept.
    • Comparing simple and compound interest.
    • Calculating present and future values of money.
    • Understanding APR and EAR.
    • Introduction to perpetuity and annuity.

  • Module 7: Individuals to Corporate Finance

    • Personal finance essentials.
    • The role of financial accounting.
    • Financial analysis in corporate decision-making.
    • Fundamentals of business funding and cost of capital.
    • Introduction to capital budgeting techniques.

  • Module 8: Financial Products and Risk Management

    • Navigating financial products like bonds and stocks.
    • Unveiling the world of mutual funds.
    • Exploring alternative investments.
    • Recognizing the significance of risk management.

  • Module 9: Stock Market and Forex Market

    • Introduction to the stock market.
    • How to navigate stock trading?
    • Demystifying the forex market.
    • Basic forex trading strategies.
    • Evaluating risks and rewards in stock and forex trading.

  • Module 10: Personal Financial Planning

    • Setting financial goals and crafting budgets.
    • Introduction to saving and investing.
    • Balancing risk and return in personal investment decisions.
    • Basics of tax planning.
    • Crafting a financial plan for retirement.

Who is this course for?

This Finance course is designed for:

  • Aspiring finance professionals seeking a strong foundation.
  • Business enthusiasts interested in understanding finance's role.
  • Individuals aiming to manage personal finances effectively.

Requirements

This Finance Training does not have any prerequisites or formal requirements.

Career path

Taking Finance Course will open up a variety of career options for you.

Questions and answers

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Legal information

This course is advertised on Reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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