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Fundamentals of Business Finance, with Goldman Sachs 10,000 Women

Approx. 4 hours to complete

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Course Summary

The 10,000 Women program was created to help women entrepreneurs grow their businesses and create jobs in their communities. This course provides participants with the tools and knowledge to develop a comprehensive business plan and the skills to execute it.

Key Learning Points

Learn how to develop a comprehensive business plan
Gain practical skills to execute your plan
Join a network of women entrepreneurs

Learning Outcomes

Develop a comprehensive business plan
Gain practical skills to execute your plan
Join a network of women entrepreneurs

Prerequisites or good to have knowledge before taking this course

No prior knowledge or experience required
Access to a computer and internet connection

Course Difficulty Level

Beginner

Course Format

Self-paced
Online

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Fundamentals of Entrepreneurship
Business Growth Strategy
Social Entrepreneurship

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Description

This free online course is one of 10 courses available in the Goldman Sachs 10,000 Women collection, designed for entrepreneurs ready to take their business to the next level.

This course will introduce you to business finance, and show you how to use financial statements to understand and monitor your company’s financial position in order to make key business decisions. The exercises will introduce you to the Income Statement and Balance Sheet. Interpreting these statements and calculating key financial ratios such as net profit margin and current ratio will give you a clear understanding of your current business performance. With this information, you will have the skills to assess the financial implications of your growth opportunity more accurately. The 10,000 Women course collection offers a truly flexible online learning experience. You have the freedom to approach the program in any way that works for you – take any course, or combination of courses, to tailor your learning journey to your individual business growth needs. If you choose to take all 10 courses, you will explore all the key elements of your business and develop a thorough plan for your business’s growth. You can find out more about the Goldman Sachs 10,000 Women collection in the FAQs.

Knowledge

Define and discuss the basic building blocks of financial statements: assets, liabilities, equity, revenue and expenses.
Interpret two key financial statements (Income Statement and Balance Sheet) to drive business decisions.
Identify the key business ratios that can be calculated using your Income Statement and Balance Sheet.

Outline

Fundamentals of Business Finance, with Goldman Sachs 10,000 Women
Welcome
Understanding key financial terms
What is an Income Statement?
What is a Balance Sheet?
Using finances to analyze business progress
Using financial ratios
The importance of managing your business finances
Getting started
Introducing financial terminology
Introducing Income Statements
Why is an Income Statement important?
Recording information on Income Statements
Introducing the Balance Sheet
Why is a Balance Sheet important?
Preparing to analyze business progress
Why is it important to interpret financial statements?
How can financial ratios help your business analysis?
Profitability ratios
Stability ratios
Preparing to calculate your financial ratios
Next steps for your analysis
Recording your progress
Congratulations
Progressing to the next course in 10,000 Women
Check your understanding (Exercise 2)
Check your understanding (Exercise 4)
End of course assessment

Summary of User Reviews

The 10K Women: Career Growth & Development course on Coursera has received high praise from many users. One key aspect that many users found good was the practicality of the course material, which allowed them to apply what they learned to their real-life work situations.

Pros from User Reviews

Practical course material that can be applied to real-life work situations
Expert instructors with a wealth of knowledge and experience
Flexible scheduling and self-paced learning options

Cons from User Reviews

Some users felt that the course could have been more challenging
Limited interaction with instructors and other students
Course content may not be relevant to all industries or job roles

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