Ch 11: MEGA Marketing: Principles of Financial Management

About This Chapter

Learn about principles of financial management in preparation for the MEGA Marketing exam. Use these video lessons and self-assessment quizzes to learn everything you need to know about financial management.

MEGA Marketing: Principles of Financial Management- Chapter Summary

The lessons in this chapter explore principles of financial management, including financial planning, the role of a financial manager, and principles of accounting. Also reviewed are financial statements, balance sheets, and income statements. By the end of this chapter, you should be familiar with:

  • The financial planning process
  • Roles and responsibilities of financial managers
  • Purpose and format of financial statements, balance sheets, income statements, and statements of cash flow
  • Preparing income statements, balance sheets, and statements of cash flow
  • External audits of financial statements
  • Fundamental principles of accounting

Short, engaging video lessons are accompanied by transcripts, where important terms are in bold type. Self-assessment quizzes can be used to test your knowledge, or printed as worksheets. Knowledgeable instructors are available to answer any questions you may have.

Principles of Financial Management - Chapter Objectives

The Missouri Educator Gateway Assessments demonstrate competency in various subject areas and passing them is a requirement for licensing as a teacher. The Marketing exam measures competency in core marketing principles, marketing functions, and global marketing and research. The content in this Financial Management chapter of the study guide covers material that is tested in the core marketing principles section, which comprises about 36% of the entire exam. The questions on the exam are multiple-choice, and the test is administered via computer.

11 Lessons in Chapter 11: MEGA Marketing: Principles of Financial Management
Test your knowledge with a 30-question chapter practice test
The Financial Planning Process

1. 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.

The Role and Responsibilities of Financial Managers

2. 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.

What Are Financial Statements? - Definition, Purpose & Importance

3. What Are Financial Statements? - Definition, Purpose & Importance

Financial statements are big players in the world of accounting. In this lesson, you will be introduced to each of the financial statements. You will also learn what their role is in the accounting industry, who they are important to and why they are important.

The Balance Sheet: Purpose, Components & Format

4. The Balance Sheet: Purpose, Components & Format

There are four financial reports that make up a group known as the financial statements. We will take a walk with one of those reports - the balance sheet - and learn what it is, what items are included on it and what its role in the group is.

What Is an Income Statement? - Purpose, Components & Format

5. What Is an Income Statement? - Purpose, Components & Format

There are four financial reports that are created during the accounting cycle. These four reports make up what is commonly known as the financial statements. In this lesson, we will focus our attention on the income statement. We will learn what the income statement is, what its role in the financial statements is, and why it is important in accounting.

The Statement of Cash Flows: Purpose, Format & Examples

6. The Statement of Cash Flows: Purpose, Format & Examples

There are four financial reports that are required in financial statements. In this lesson, you will learn about the fourth and final report - the statement of cash flows. You'll learn what the makeup of the statement is, its purpose, and why it is important to users of the financial statements.

The Purpose of Notes on Financial Statements

7. The Purpose of Notes on Financial Statements

Financial statements are very important in accounting and finance. In this lesson, you will learn about notes to the financial statements, what information they may give, and why they are important to financial statement users.

Preparing the Basic Income Statement and Statement of Retained Earnings

8. Preparing the Basic Income Statement and Statement of Retained Earnings

Preparing financial statements can be tricky. In this lesson, we are going to talk about how to prepare the first two basic financial statements: the income statement and the statement of retained earnings.

How to Prepare the Basic Balance Sheet and Statement of Cash Flows

9. How to Prepare the Basic Balance Sheet and Statement of Cash Flows

There are four reports that make up the financial statements. In this lesson, we will talk about how to create the balance sheet and the statement of cash flows. You will learn how to format the reports, as well as what information is reported on them.

External Audits of Financial Statements

10. External Audits of Financial Statements

Financial statements are one of the most heavily relied upon group of reports in the business world, and they must be accurate and reliable. In this lesson, you'll learn about financial statement audits, who performs them, and why they are important.

The Fundamental Principles of Accounting

11. The Fundamental Principles of Accounting

Accounting is an art, but just as with any form of art, you need the right tools to make your masterpiece. For accounting, those tools are the seven major accounting principles. In this lesson, you will learn what those principles are and what they are used for.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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