Finance Introduction

Introduce yourself with the world of finance, the areas of financial decision-making and plan your learning of finance.

Last updated 2022-01-10 | 4.3

- Define finance
- Recognize the specific areas of business finance
- Identify the role
- tasks
- scope
- and challenges of a financial manager

What you'll learn

Define finance
Recognize the specific areas of business finance
Identify the role
tasks
scope
and challenges of a financial manager
Recognize the primary goal of financial decision-making
Align the shareholders wealth maximization with other stakeholders interests
Compare and choose between profit maximization and share price maximization as the primary goal of financial decision-making
Plan the pathway of learning finance

* Requirements

* Interest of exploring the world of finance
* Very basic level of knowledge about business activities

Description

Almost everyone has to make financial decisions. Even if one is not a business manager or portfolio manager, s/he must make financial decisions appropriately for his/her personal financial well-being, which necessitates a good introduction with the subject matter of finance. 

This is the first course in the series of finance courses to be published at Udemy by the course instructor. Every learner of finance should start their lesson by being introduced with the basic definition of finance, goals of financial management, and the areas of financial decision-making.

This course consists of several video lectures that will be updated over time and based on students' requests, and additional resources. The lectures contain explanations of necessary concepts along with examples and illustrations.

After completing this course, a learner would be able to define finance, recognize the specific areas of business finance, identify the role, tasks, scope, and challenges of a financial manager, recognize the primary goal of financial decision-making, align the shareholders wealth maximization with other stakeholders interests, compare and choose between profit maximization and share price maximization as the primary goal of financial decision-making, and plan the pathway of learning finance.

This course is suitable for anyone who wish to achieve financial literacy and/or has the interest about the interesting world of finance. More specifically, entrepreneurs, managers and executives who are going to start learning finance, business students who are going to start learning finance, and anyone who has involvement with financial decision-making would be benefited from this course. This course is also suitable for absolute beginners who have never attended a finance course before, and may continue learning finance at an advanced level in future.

The instructor welcomes his students for continuous discussion with him. Any sort of input for improving the course is also appreciated. He also expects your positive and genuine review and rating of the course.

Who this course is for:

  • Entrepreneurs
  • Managers and executives who are going to start learning finance
  • Business students who are going to start learning finance
  • Anyone who has involvement with financial-decision making
  • Anyone who wish to achieve financial literacy

Course content

4 sections • 7 lectures

Introduction to the course Preview 03:26

This is the introduction lecture containing the brief overview about the course content and layout.

What is Finance? Preview 08:52

  • Define Finance
  • Recognize the applicability of Finance in personal, government, and business contexts
  • Identify the areas of Business Finance
  • Explain various elements of a balance sheet of business organization
  • Relate the financial managers' decisions with the balance sheet model of a firm

Financial manager Preview 11:00

  • Describe who is a financial manager
  • Understand the tasks of a financial manager
  • Recognize the role of financial managers in the link between the firm and the financial market
  • Realize the challenges and complexities handled by a financial manager in today's world
  • Identify the financial managers in a corporate business organizations

Goal of financial management Preview 11:19

  • Recognize the importance of having an appropriate goal of financial decision-making
  • Identify various alternative goals of financial decision-making
  • Explain the reason why share price maximization is the most appropriate goal of financial decision-making
  • Recognize how the goal of share price maximization should be applied when external factors also affect the share price

Owners' wealth versus other stakeholders' interests Preview 06:28

  • Identify the stakeholders of a firm
  • Recognize the importance of satisfying the stakeholders of a firm
  • Link shareholder wealth maximization goal with other stakeholders' interests

Why profit maximization is not the ultimate goal Preview 09:51

  • Recognize the limitations of profit maximization as a goal of financial decision-making
  • Identify the fact that share price maximization is superior to profit maximization as a goal

BONUS: Your pathway for learning Finance Preview 00:21

  • Plan the learning of finance
  • Organize learning according to the areas of finance