Intended for entrepreneurs unfamiliar with business financial management, Business Finances 1 introduces its key terms and concepts in everyday language.

During this course, you will:

• Develop an understanding of basic business financial terms, such as profit, cash flow, and gross margin.

• Work with basic financial statements, including income statements, balance sheets, cash flow statements.

• Define the common business expenses at both the startup and operating stages.

• Calculate gross margins, breakeven points, and profit goals using a case study business.

This course is the fourth module in the NYC Department of Small Business Services’ (SBS) five-course Introduction to Entrepreneurship series. If you are a pre-startup, we recommend that you complete the first three modules in this series – “First Step to Starting a Business,” “Creating a Business Idea that Works,” and “Building Your Business Operations” – before taking this course.