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Ch 24: Financial Management in Business: Help and Review

About This Chapter

The Financial Management in Business chapter of this Intro to Business Help and Review course is the simplest way to master financial management in business. This chapter uses simple and fun videos that are about five minutes long, plus lesson quizzes and a chapter exam to ensure students learn the essentials of financial management in business.

Who's it for?

Anyone who needs help learning or mastering introductory business material will benefit from taking this course. There is no faster or easier way to learn introductory business. Among those who would benefit are:

  • Students who have fallen behind in understanding sources of financing or financial management in business
  • Students who struggle with learning disabilities or learning differences, including autism and ADHD
  • Students who prefer multiple ways of learning business (visual or auditory)
  • Students who have missed class time and need to catch up
  • Students who need an efficient way to learn about financial management in business
  • Students who struggle to understand their teachers
  • Students who attend schools without extra business learning resources

How it works:

  • Find videos in our course that cover what you need to learn or review.
  • Press play and watch the video lesson.
  • Refer to the video transcripts to reinforce your learning.
  • Test your understanding of each lesson with short quizzes.
  • Verify you're ready by completing the Financial Management in Business chapter exam.

Why it works:

  • Study Efficiently: Skip what you know, review what you don't.
  • Retain What You Learn: Engaging animations and real-life examples make topics easy to grasp.
  • Be Ready on Test Day: Use the Financial Management in Business chapter exam to be prepared.
  • Get Extra Support: Ask our subject-matter experts any financial management question. They're here to help!
  • Study With Flexibility: Watch videos on any web-ready device.

Students will review:

This chapter helps students review the concepts in a financial management unit of a standard introductory business course. Topics covered include:

  • Responsibilities of financial managers
  • The financial planning process
  • Debt capital and equity capital
  • Sources of short-term and long-term financing

15 Lessons in Chapter 24: Financial Management in Business: Help and Review
The Role and Responsibilities of Financial Managers

1. The Role and Responsibilities of Financial Managers

Financial managers play a pivotal role in the success of companies. In this lesson, you'll learn about the duties and responsibilities of financial managers. You'll also have a chance to take a short quiz after the lesson.

The Financial Planning Process

2. The Financial Planning Process

Financial planning is essential for the success of any business. In this lesson, you'll learn about the financial planning process that businesses perform, including preparation of a master budget, capital budget and cash budget.

Debt Capital Vs Equity Capital

3. Debt Capital Vs Equity Capital

Sufficient capital is essential for starting, maintaining and growing a business. In this lesson, you'll learn how a corporation can raise capital through equity and debt. You'll also learn about the advantages and disadvantages of each approach.

Sources of Short-Term Financing

4. Sources of Short-Term Financing

Companies often need to utilize financing to cover shortfalls in cash flow. In this lesson, you'll learn about sources of short-term financing available to companies including trade credit, lines of credit, bank loans and credit cards.

Sources of Long-Term Financing

5. Sources of Long-Term Financing

Some businesses require a large amount of capital to get off the ground or expand. In this lesson, you'll learn about sources of long-term financing, including commercial loans, selling equity and issuing debt.

Profit Maximization: Definition, Equation & Theory

6. Profit Maximization: Definition, Equation & Theory

What is profit maximization? Why would we want to maximize our profits, rather than revenues or sales? In this lesson we'll discuss what profit maximization is, how to calculate it, and why it's important to understand the concept.

What Is a Current Account? - Definition & Examples

7. What Is a Current Account? - Definition & Examples

Every country that trades with another country, has an account that they use to keep track of trade in goods, services, money received from investments, and money donated. In this lesson, we will learn more about current accounts and look at some examples.

What is a Marginal Tax Rate? - Definition & History

8. What is a Marginal Tax Rate? - Definition & History

Most Western countries use tax brackets and marginal tax rates as the basis of their tax code. In this lesson, you'll learn the definition of marginal tax rate and its history in the United States.

What is a Mortgage? - Definition & Purpose

9. What is a Mortgage? - Definition & Purpose

Learn about one of the largest loans most people will ever encounter. Find out about the key elements to a mortgage and how a mortgage works when buying a home.

What Is a Promissory Note? - Definition & Example

10. What Is a Promissory Note? - Definition & Example

This lesson will provide an overview of a promissory note in lending. You'll learn the definition of the term and look at a common example of a promissory note.

What Is a Purchase Order? - Definition & Profess

11. What Is a Purchase Order? - Definition & Profess

This lesson discusses what purchase orders are, how they are used, and what information they provide. Additionally, the benefits for both the buying company and the vendor are explained.

What is a Savings Account? - Definition & Types

12. What is a Savings Account? - Definition & Types

People use savings accounts to invest their money for short periods of time. They are the most simple, liquid types of short-term investments. Learn about some basic types of savings accounts and then test your knowledge with a quiz.

What Is Mark-to-Market? - Definition, Calculation & Examples

13. What Is Mark-to-Market? - Definition, Calculation & Examples

Sometimes knowing the value of something is not as easy as assigning it the cost you paid for it. When the value of an asset changes daily, another method needs to be used to calculate the value. In this lesson, we will learn one method known as mark to market.

Cost Efficiency: Definition & Analysis

14. Cost Efficiency: Definition & Analysis

In this lesson, we'll learn about cost efficiency. We'll also define the term and look at the two components that often make up cost efficiency: cost benefit and cost effectiveness. The lesson will conclude with a summary and a quiz.

Sinking Fund: Definition & Formula

15. Sinking Fund: Definition & Formula

In this lesson, you will learn about sinking funds. By the end of the lesson, you will be able to recount the definition and give reasons why a company, and its creditors, may insist on having a sinking fund.

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