- Okay, let's review what we've
talked about in this finance course.
- The first thing we did was introduce the topic of finance
by addressing the question what is finance?
- [Man On Right] Finance is deciding what you should buy,
how you should get the money to buy it,
and how you should manage it once you have it.
- Then we talked about the financial statements,
the balance sheet, the income statement,
and the statement of cash flows.
- We discussed short term financial management
which is monitoring and controlling the cash flows
in and out of a business, the receivables,
the inventory, and the payables.
- Then we talked about the classic
trade off between risk and return.
- We talked capital structure.
What is the optimal way, the most value
increasing way to finance my operations?
- Then we moved to a discussion of the securities markets,
where stocks and bonds are traded.
- We talked about financial institutions, banks,
insurance companies, investment banks and mutual funds.
- Then we talked about capital budgeting
and the importance of considering the time value of money.
- [Man On Right] We ended with a short
discussion of personal financial planning
which is really quite simple.
We boiled our thoughts down into two simple things,
spend less than you make, and avoid get-rich-quick schemes.
- Now, you might be saying to yourself,
I love this finance stuff, I want to know more.
I've heard a little bit here, but I want to know more.
- Fortunately, we've prepared many additional
finance related courses that are available
here in LinkedIn learning, enjoy.
- Best wishes to you.