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Ch 25: Fundamentals of Financial Management in Business

About This Chapter

8 Lessons in Chapter 25: Fundamentals of Financial Management in Business
Test your knowledge with a 30-question chapter practice test
Effective Budgeting: Advantages & Essentials

1. Effective Budgeting: Advantages & Essentials

Budgets are among the most mentioned types of business documents, but why even bother with them? In this lesson, we'll look at the advantages of a good budget as well as essentials every budget should have.

Capital Budgeting: Definition & Process

2. Capital Budgeting: Definition & Process

From time to time, businesses must purchase large pieces of equipment to replace older equipment or expand product lines. In this lesson, you'll learn how businesses budget for these purchases.

Budget Controls: Top-Down, Bottom-Up, Zero-Based & Flexible Budgeting

3. Budget Controls: Top-Down, Bottom-Up, Zero-Based & Flexible Budgeting

In this lesson, we will explain the purpose of budget controls and explore several key related concepts including top-down budgeting, bottom-up budgeting, zero-based budgeting and flexible budgeting.

The Fundamental Principles of Accounting

4. The Fundamental Principles of Accounting

Accounting is an art, but just as with any form of art, you need the right tools to make your masterpiece. For accounting, those tools are the seven major accounting principles. In this lesson, you will learn what those principles are and what they are used for.

Control of Cash: Definition & Methods

5. Control of Cash: Definition & Methods

Cash is a valuable commodity and one that is vulnerable to fraudulent activity. In this lesson, you will learn what makes up a company's cash account as well as how to control cash.

Financial Audit: Definition, Procedure & Requirements

6. Financial Audit: Definition, Procedure & Requirements

When it comes to protecting an organization's assets, stakeholders are very interested in making sure things are done right. In this lesson, you'll learn about financial audits, including what they are, why they occur, and how they are done.

What Are Financial Statements? - Definition, Purpose & Importance

7. What Are Financial Statements? - Definition, Purpose & Importance

Financial statements are big players in the world of accounting. In this lesson, you will be introduced to each of the financial statements. You will also learn what their role is in the accounting industry, who they are important to and why they are important.

Using Financial Analysis to Rate Debt

8. Using Financial Analysis to Rate Debt

Financial analysis is a tool used by potential investors to assess investments they're considering. In this lesson, you will learn about financial ratios that can be used to assess debt.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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