Personal Finance Fundamentals - Course 3

  • 19 Lessons

Instructors

Kirby Rosplock

Kirby Rosplock (Ph.D.)

Born into a very successful enterprising family, Kirby learned family wealth basics the way most affluent offspring do (or don’t) Read More

About Course

Course 3 of the Personal Finance Basics course introduces two cases to expand student’s understanding of personal financial planning, personal financial statements, and how these statements are used in business. Read More

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Overview

  • Goals

Personal Financial Planning

  • Overview

  • Personal Income Statement

  • Personal Balance Sheet

Charlotte’s Personal Financial Goals

  • Impact on the Balance Sheet

Other Statements

  • Personal Cash Flow Statement

  • Charlotte’s Personal Budget and Forecast

How to Achieve Goals

  • Charlotte’s Options

  • Charlotte’s Other Financial Planning Considerations

  • Charlotte’s Personal Finance Case Summary

Using Financial Statements in Business

  • CASE: ABC Company Overview

  • Homework I

ABC Company Income Statement

  • Topline Performance

  • Detailed Analysis

ABC Company Balance Sheet

  • Current Assets

  • Liquidity Ratios

  • Other Ratios

  • Summary of ABC Company Takeaways

Conclusion

  • Wrap Up

Test Your Knowledge

  • Quiz Locked

Course 3 of the Personal Finance Basics course introduces two cases to expand student’s understanding of personal financial planning, personal financial statements, and how these statements are used in business. This course delves into the process of setting short-term and long-term goals, evaluating one’s options for achieving them, and ultimately putting a plan in place to achieve them. Students also learn how financial statements reveal the overall performance of a business and how the details of these statements help diagnose areas of strength and areas that require attention.

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