This is an online course that involves 12.2 hours of online learning (study time not included) with no classroom time.
To run a business successfully, you need to understand the nature and dynamics of profit and value. Building practical understandings of financial ratios and cost control; strengthen your grasp of cash flow, balance sheets and income statements and what they reveal about the financial health of your organization; and learn how to use financial reports as valuable management tools.
Knowledge & Skill Building Areas
- Integration with Business Plan
- Financial Projections
- Pro-forma Statement of Operations
- Pricing Models
- Break-even Analysis
- Overhead Costs
- Pro-forma Statement of Financial Position
- Pro-forma Cash Flow Statement
- Financial Management Practices
- Accounting Concepts, Principles and Practices
- Financial Statements
- Financial Performance Measures
- Working with Lenders
- Credit Arrangements
- Loan and Collateral Security Requirement & Arrangements
- Cost Control
- Purchase Order System
- Controls for Extras and Changes
Course availability: Online learning allows you to work at your own pace from the comfort of your own computer any time of the day or night.
Timeframes: You will have access to the course for three months from the date of course registration to complete the online education. Extensions can be purchased if additional time is required.
Tuition: The tuition for this course includes the online education and an electronic copy of the course manual.
Passing grade: The passing grade is 70%.
Final Exam - Tarion Approved Assessment
To assess your understanding of the course content, the final exams for Tarion approved courses are administered by Algonquin College at independent testing locations throughout the province.
The exam for Financial Planning & Management is closed book in a multiple choice, multiple answer and true/false format.
When you are close to completing the online course, visit www.algonquincollege.com/tarionassessment to book and purchase your final exam at a location near you.
Final exam - Tarion approved assessment: Upon completion of the online course, an assessment will be done to test your understanding of the course content. The assessment for this course will be closed book in a multiple choice, multiple answer and true/false format. The assessment will be administered through Algonquin College and will be proctored and held at an independent testing location throughout the province. Visit www.algonquincollege.com/tarionassessment to book and purchase your assessment.
Algonquin College will release your exam results directly to you through email (the same email you registered with for the assessment). You will receive your exam results in approximately two weeks after completing the assessment.
For any enquiries about your assessment (exam) result, please contact Algonquin College:
Tarion Assessment Administrator: +1-613-727-4723 ext. 5387
Exam results will not be reflected in your TrainingOntario student records as they will remain with Algonquin College.