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Finance Basics for Beginners
An overview of basic finance concepts and termsPreview the first lesson free — get full access to all 8 lessons.
Beginner Provider : Mary Donner 8 Lessons · 22m in Arabic, German, English, Spanish, French, Portuguese, Chinese
Course Description
In this course, you will be introduced to the basic concepts in finance. You will learn about concepts like simple versus compound interest calculations and how to determine the true cost of a loan. This course also gives an overview of the main financial statements and financial ratios.
This course is useful for both personal finance beginners and corporate finance beginners, and you will learn about how taxes and bankruptcy differ in personal and corporate finance.
After completing this course, you will be able to understand basic financial terminology, financial tools, financial ratios, and how these concepts are used to assess a business or a personal financial situation. This financial overview can help you understand the true cost of borrowing money and how interest is gained when money is lent. The basics of borrowing and lending money will help you evaluate personal loans and mortgages. It will also help you understand when to file for bankruptcy. These concepts are also important for corporate finance, and this course covers the main financial statements that companies use as well as tax deductions and corporate bankruptcy. A comprehensive understanding of basic finance can help to create a successful business model or set personal financial goals.
What You'll Learn
- Calculate simple and compound interest to understand how interest is gained when money is lent
- Analyze the true cost of financing and borrowing money, including personal loans and mortgages
- Recognize key financial ratios and the main financial statements companies use
- Apply basic financial terminology and tools to assess a business or personal financial situation
- Distinguish how taxes and bankruptcy differ between personal and corporate finance
- Identify when to file for bankruptcy and how tax deductions apply in corporate finance
Key Takeaways
- The course introduces basic finance concepts including simple versus compound interest and how to determine the true cost of a loan.
- It provides an overview of the main financial statements and financial ratios used to assess a business or personal financial situation.
- It covers both personal finance and corporate finance, including how taxes and bankruptcy differ between the two.
- Understanding the basics of borrowing and lending helps learners evaluate personal loans and mortgages.
- A comprehensive understanding of basic finance can help create a successful business model or set personal financial goals.
Frequently Asked Questions
Who is this course for?
This course is useful for both personal finance beginners and corporate finance beginners who want an introduction to basic concepts in finance.
What topics does this course cover?
It covers simple versus compound interest, the true cost of a loan, the main financial statements and financial ratios, and how taxes and bankruptcy differ in personal and corporate finance.
What will I be able to do after completing this course?
After completing the course, you will be able to understand basic financial terminology, financial tools, financial ratios, and how these concepts are used to assess a business or a personal financial situation.
How can this course help with personal finance?
It can help you understand the true cost of borrowing money, evaluate personal loans and mortgages, understand when to file for bankruptcy, and set personal financial goals.
Does this course require any prior finance knowledge?
The course introduces basic concepts in finance and is intended for personal finance and corporate finance beginners.
