10. Conclusion

In this course, you learned the basics of Accounting and Finance, the so-called “language of business.” You know possess fundamental knowledge about the measurement, processing, and communication of financial information of economic entities – such as businesses and corporations.

In the first part of this course (accounting, chapters 2-6) you learned to…

• understand the basics of bookkeeping and journal entries,
• read financial statements (Balance Sheet, Income Statement and Cash Flow Statement), and
• analyze these financial statements with ratio analyses

In the second part of this course (finance, chapters 7-9) you learned about…

• the importance of financial budgets,
• the role of financial markets, and
• the concept of Time Value of Money which states that investors are willing to forgo spending their money now if they expect a favorable return on their investment in the future.

You are now ready to take the final test of this course and earn your certificate!