Earning Criteria

• Understand the value of using financial statements to make decisions in your business
• Understand the power of budgeting for proactive decision-making (as opposed to reactive) in your business
• Learn to answer questions such as: Why don’t I have more cash? How much should I charge? Should I increase prices? Where are my costs increasing?
• Create financial statements for the fictitious company: World’s Best Cup of Coffee
• Create financial statement forecasts and budgets (based on current financial statements and future expectations) for World’s Best Cup of Coffee
• Demonstrate your mastery of the badge concepts by completing the quiz. You may retake the quiz up to three times; only your highest score will count.
• Identify and demonstrate the effects of transactions and economic events on the financial statements in corporations and other business entities.
• Prepare the fundamental financial statements.
• Analyze and interpret the information presented in the financial statements.
• Measure the value of assets, liabilities, and stockholders’ equity (including an introduction to fair value accounting).
• Project/forecast the financial statements
• Construct basic budgets based on financial statement forecasts
• Use the financial statements (current and projected) and budgets to make informed business decisions
• Understand how to use financial statements and budgets to make good "data driven" business decisions.
• Content requires approximately 20 to 25 hours to complete.