This course is designed for students who have little or no background in business finance. Introduces students to key business concepts and to the financial statements prepared by sole proprietorships, partnerships, and corporations. Students learn how business managers analyze financial statements and determine the value of a company. How financial statements can be reviewed to determine a firm’s strengths and weaknesses is discussed. Covers fundamental tax issues that should be considered in choosing an appropriate business entity. Emphasis is placed on ways businesses obtain funds: buying on credit from suppliers, borrowing from banks and other entities, selling common and preferred stock to investors, and using retained earnings.
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