Accounting and Finance: Financial Reports & Budgets

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Accounting and Finance: Financial Reports & Budgets


Financial reports and budgets are the fundamental elements which help organizations in understanding their internal and external capabilities, as well as understanding the aspects which require improvement. Regardless of the authenticity and the potential of a business idea, without a properly developed budget, and financial reports to back them up, that potentially great idea can go down the drain, because it was not backed up with the proper financial investment tools and mechanisms. The success of a business organization is dependent on their financial performance, and their ability to generate revenue and profit. Achieving the success state requires a thorough understanding of the financial reports and budgets because they are the essential factors that enable individuals to hold relevant discussions and appropriately derive decisions based on financial data. This course is developed to provide a theoretical and practical understanding of the concepts and aspects which are related to financial reports and budgeting. Furthermore, this course aims to support you in the process of obtaining the necessary knowledge so that you can utilize the best business practices for appropriately understand and operate on the knowledge of financial reports, and budgeting practices to help you increase the efficiency and effectiveness of your organization.

Learning Objectives:

Upon the successful completion of the course, the student will be able to:

  • Understand the fundamental aspects that are associated with financial reports and budgets.
  • Understand the business and individual importance of developing a capability for identifying financial terminology.
  • Incorporate the industrial knowledge and concepts to successfully analyze financial statements and understand budgets.
  • Develop strategies and techniques that will help you become a successful budget developer, and a forecaster of financial implications.

Course Modules & Duration:

The Accounting and Finance: Financial Reports & Budgets online course is projected to take 6 (six) hours to complete – including the Final Quiz.

Module 1: Introduction to Budgets and Financial Reports30 minutes
Module 2: Comprehending Financial Statements30 minutes
Module 3: Financial Statements Analysis (I)30 minutes
Module 4: Financial Statements Analysis (II)30 minutes
Module 5: Comprehending Budgets30 minutes
Module 6: Simplifying the Budgeting Process30 minutes
Module 7: Forecasting Methods and Techniques30 minutes
Module 8: Budget Management30 minutes
Module 9: Conducting Smart Purchasing Decisions30 minutes
Module 10: Legal Implications30 minutes
Final Quiz: A quiz that consists of 20 questions (Passing score 60%)1 hour


As soon as you finish the online course, you can download your Certificate of Achievement. This will also be accessible in your account any time you log in. Your Certificate of Achievement includes the online course you have studied, your name, the date of completion, and a verification number that can be used by future employers to verify that you passed your course.  

Navigation Guide:

The Accounting and Finance: Financial Reports & Budgets online course is divided into manageable modules and topics. Go through these modules at your own pace and learn about each of the topics in the online course. We use images, written information, diagrams, and other resources to help you get to know the content without any problems. This online course is designed to progress without any assistance, but our support staff can be contacted if you need us.

Follow this link to download the: Navigation Guide for Accounting and Finance: Financial Reports & Budgets online course. If you have any further question or require further support, please do not hesitate to contact us at

Accounting does not make corporate earnings or balance sheets more volatile. Accounting just increases the transparency of volatility in earnings.

Diane Garnick