Download Udemy – Personal Finance 2021-8

Description

Personal Finance, the personal finance planning training course is published by Udemy Academy. This course covers personal finance concepts starting with the basics and moving on to more complex topics. We will cover each step thoroughly. We will cover many sample problems, both in the form of presentations and in the form of Excel worksheet problems. Students will understand the similarities and differences between personal finance and business finance. We will discuss how to set personal financial goals, taking into account the life cycle and specific life circumstances and priorities.

This course will discuss the differences and overlaps in the areas necessary to create effective personal finance plans, including economics, accounting, and finance. We also learn about the concept of time value of money, are able to perform present value and future value calculations, and know when such calculations are needed. Time value of money concepts are some of the most difficult concepts to fully understand, but they are needed when making decisions that affect future periods such as retirement savings decisions. We cover time value of money concepts at the beginning of the course, so we’ll have them ready and on track whenever needed. Students will also learn about money management skills, accounting skills, compiling financial data into financial reports and using those reports to create a budget.

What you will learn

Differences between personal finance and corporate finance
Setting personal financial goals for different life cycle points, circumstances and personal preferences
Description of the time value of money concepts
Calculate future value using several methods
Calculate the current value using several methods
Describe money management skills
Prepare personal financial statements including balance sheet and income statement
Create a budget
Create a budget vs. actual report
Calculation and analysis of common personal financial ratios