This unit develops practical skills to manage cash, control risk, and improve profitability for small businesses. Students apply budgeting, costing, tax, and capital-allocation techniques while implementing internal controls and preparing for business exit or acquisition scenarios, building on foundational financial concepts and preparing for an integrative final unit.
Learning Objectives
- Analyze statements of cash flows and related financial data to identify liquidity traps, untapped sources of liquidity, and the cash implications of year-to-year profit changes
- Apply internal control and security procedures to design, evaluate, and strengthen controls that protect assets, prevent fraud, and ensure compliance with payroll tax and liability obligations
- Prepare and compare actual operating budgets and forecasts (internal vs. external), use the profit model to perform trade-off analyses, and recommend pricing adjustments to pass cost increases through to customers
- Evaluate capital allocation, product/service costing, and exit strategies by calculating taxable income impacts, assessing asset-management tactics, and outlining structuring options for acquisitions or business sales to satisfy liabilities
Curriculum
- 1 Section
- 27 Lessons
- 30 hours
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- Unit 3 — Cash Flow, Controls, and Profit27
- 1.1Introducing the Statement of Cash Flows20 mins
- 1.2Liquidity Traps20 mins
- 1.3Distinguishing Security and Safety Procedures from Internal Controls20 mins
- 1.4Focusing on Profit Centers20 mins
- 1.5Preparing an Actual Budget or Forecast20 mins
- 1.6Using the Profit Model for Trade-off Analysis20 mins
- 1.7Understanding How Taxable Income Is Calculated20 mins
- 1.8Understanding Business Legal Structures and Raising Capital20 mins
- 1.9Selling Some Products with Services20 mins
- 1.10Tweaking the Basic Product Cost20 mins
- 1.11Types of Business Acquisitions20 mins
- 1.12Managing Assets to Maximize Value20 mins
- 1.13Understand the Selling Cycle20 mins
- 1.14Analyze Year-to-Year Profit Change20 mins
- 1.15Troubleshooting20 mins
- 1.16Improving Profit20 mins
- 1.17Summing Up the Critical Importance of Cash Flow from Profit20 mins
- 1.18Untapped Sources of Liquidity20 mins
- 1.19Policing Internal Controls20 mins
- 1.20Reducing Your Costs20 mins
- 1.21Understanding Internal Versus External Budgets20 mins
- 1.22Pushing Cost Increases Through to Prices20 mins
- 1.23Managing Payroll Taxes20 mins
- 1.24Putting Your Capital to Good Use20 mins
- 1.25Looking at Cost Accounting Beyond Manufacturing20 mins
- 1.26Structuring the Sale of Your Business20 mins
- 1.27Satisfying Liabilities20 mins
Instructor
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