Finance is different from accounting in the sense that it deals with outside stakeholders: banks, shareholders, and potential investors. At its core, finance is about deciding what to buy, getting the money you need to buy it, and efficiently managing your resources after making the purchase.
In this fundamental course, we provide a comprehensive overview of finance, and touch on everything from reading a balance sheet to understanding why getting a loan looks so daunting to financing securities. We explain the differences between short-term financial management and long-term financing, and take a look at the differences between a traditional bank and an investment bank. We also why so many businesses fails in their infant stage, and the specific steps you – as a business owner or manager – can take to decrease the chances of failure.
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