Personal Finance Fundamentals - Module 3

  • 19 Lessons

  • Duration

    71 Minutes

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

Module 3 of Personal Finance Fundamentals 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

  • Learning Objectives

    1 Minutes

Personal Financial Planning

  • Overview

    2 Minutes
  • Personal Income Statement

    2 Minutes
  • Personal Balance Sheet

    2 Minutes

Charlotte’s Personal Financial Goals

  • Impact on the Balance Sheet

    4 Minutes

Other Statements

  • Personal Cash Flow Statement

    2 Minutes
  • Charlotte’s Personal Budget and Forecast

    2 Minutes

How to Achieve Goals

  • Charlotte’s Options

    2 Minutes
  • Charlotte’s Other Financial Planning Considerations

    3 Minutes
  • Charlotte’s Personal Finance Case Summary

    3 Minutes

Using Financial Statements in Business

  • CASE: ABC Company Overview

    1 Minutes
  • Homework I

    30 Minutes

ABC Company Income Statement

  • Topline Performance

    3 Minutes
  • Detailed Analysis

    6 Minutes

ABC Company Balance Sheet

  • Current Assets

    2 Minutes
  • Liquidity Ratios

    2 Minutes
  • Other Ratios

    3 Minutes
  • Summary of ABC Company Takeaways

    1 Minutes

Conclusion

  • Wrap Up

    30 Seconds

Test Your Knowledge

  • Quiz Locked

Module 3 of Personal Finance Fundamentals introduces two cases to expand student’s understanding of personal financial planning, personal financial statements, and how these statements are used in business. This module 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.

Estimated Completion Time: 1 hour

Learning Objectives:
  • Identify how to effectively manage risk and incorporate risk management strategies into financial planning
  • Examine advanced financial planning concepts, such as wealth transfer, estate planning implications, and tax strategies within financial planning
  • Analyze the impact of personal financial goals and budgeting have on achieving short and long-term goals
  • Evaluate how a company's income statements and balance sheets are used to analyze the state of its business

Customers Review

4.9 out of 5

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Rebecca K.
Jan 10, 2024
Wonderful review of some terms I’d always wondered about.
Daniel B.
Apr 12, 2022
I would have combined some of the content of course 2 and course 3 to help understand ratios better. This course made ratios more clear