Principles of Finance

Saylor Academy

Micro-CredentialCIP: 52.0801

Provides an introduction to financial management| including capital budgeting| risk assessment| and financial markets.

Program Pathways

Credentials this program stacks toward

No program pathways.

Program Details

Detailed information about this program

No detailed information available.

Requirements

What you need to earn this credential

No requirements listed.

Financial Aid

Eligible funding programs

No funding information available.

Scholarships

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My LER

Principles of Finance

Saylor Academy

Micro-CredentialCIP: 52.0801

Provides an introduction to financial management| including capital budgeting| risk assessment| and financial markets.

Skills & Competencies

Skills developed through this program

Auto-populatedfrom O*NET via SOC 25-1011.00

Skills

SpeakingCritical ThinkingReading ComprehensionActive ListeningWritingComplex Problem SolvingJudgment and Decision MakingActive LearningMathematicsSocial PerceptivenessManagement of Financial ResourcesMonitoringCoordinationSystems EvaluationManagement of Personnel ResourcesInstructingLearning StrategiesService OrientationTime ManagementPersuasion

Knowledge

English LanguageMathematicsAdministration and ManagementEconomics and AccountingCustomer and Personal ServiceComputers and ElectronicsAdministrativeLaw and GovernmentPersonnel and Human ResourcesEducation and TrainingSales and MarketingPsychologyProduction and ProcessingCommunications and MediaBuilding and Construction

Abilities

Oral ExpressionWritten ComprehensionOral ComprehensionDeductive ReasoningWritten ExpressionInductive ReasoningProblem SensitivitySpeech ClarityInformation OrderingNear VisionSpeech RecognitionMathematical ReasoningNumber FacilityFluency of IdeasOriginality

Tasks

Prepare and deliver lectures to undergraduate or graduate students on topics such as financial accou
Evaluate and grade students' class work, assignments, and papers.
Initiate, facilitate, and moderate classroom discussions.
Gather financial documents related to investigations.
Interview witnesses or suspects and take statements.
Prepare written reports of investigation findings.
Apply mathematical or statistical techniques to address practical issues in finance, such as derivat
Research or develop analytical tools to address issues such as portfolio construction or optimizatio
Interpret results of financial analysis procedures.
Collect fees, commissions, or other payments, according to contract terms.
Send samples of clients' work and other promotional material to potential employers to obtain auditi
Keep informed of industry trends and deals.
Meet with applicants to obtain information for loan applications and to answer questions about the p
Analyze applicants' financial status, credit, and property evaluations to determine feasibility of g
Approve loans within specified limits, and refer loan applications outside those limits to managemen
Interview clients to determine their current income, expenses, insurance coverage, tax status, finan
Analyze financial information obtained from clients to determine strategies for meeting clients' fin
Answer clients' questions about the purposes and details of financial plans and strategies.
Analyze credit data and financial statements to determine the degree of risk involved in extending c
Complete loan applications, including credit analyses and summaries of loan requests, and submit to
Generate financial ratios, using computer programs, to evaluate customers' financial status.
Analyze monthly department budgeting and accounting reports to maintain expenditure controls.
Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparatio
Review operating budgets to analyze trends affecting budget needs.
Communicate financial reports and budgets to stakeholders.
Submit and monitor salary raises.
Write descriptions of the property being appraised.
Determine the appropriate type of valuation to make, such as fair market, replacement, or liquidatio
Document physical characteristics of property such as measurements, quality, and design.
Administer employee insurance, pension, and savings plans, working with insurance brokers and plan c
Ensure company compliance with federal and state laws, including reporting requirements.
Research employee benefit and health and safety practices, and recommend changes or modifications to
Manage investment funds to maximize return on client investments.
Select specific investments or investment mixes for purchase by an investment fund.
Monitor financial or operational performance of individual investments to ensure portfolios meet ris
Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendat
Delegate authority for the receipt, disbursement, banking, protection, and custody of funds, securit
Develop and maintain relationships with banking, insurance, and external accounting personnel to fac
Establish and maintain relationships with individual or business customers or provide assistance wit
Oversee the flow of cash or financial instruments.
Plan, direct, or coordinate the activities of workers in branches, offices, or departments of establ
Review financial statements, sales or activity reports, or other performance data to measure product
Direct and coordinate activities of businesses or departments concerned with the production, pricing
Direct administrative activities directly related to making products or providing services.
Monitor and evaluate effectiveness of sustainability programs.
Develop or execute strategies to address issues such as energy use, resource conservation, recycling
Develop, or oversee the development of, sustainability evaluation or monitoring systems.
Direct or coordinate an organization's financial or budget activities to fund operations, maximize i
Confer with board members, organization officials, or staff members to discuss issues, coordinate ac
Prepare budgets for approval, including those for funding or implementation of programs.

Technology

Financial analysis softwareAccounting softwareData base user interface and query softwareDocument management softwareHuman resources softwareInformation retrieval or search softwareSpreadsheet softwareCustomer relationship management CRM softwareElectronic mail softwareBusiness intelligence and data analysis softwareGraphics or photo imaging softwareOffice suite softwareAnalytical or scientific softwareEnterprise resource planning ERP softwareWord processing softwareMedical softwareData base management system softwareWeb page creation and editing softwareDevelopment environment softwareContent workflow softwareComputer based training softwareCalendar and scheduling softwareRisk management data and analysis softwareObject or component oriented development softwareData mining softwareOperating system softwareTransaction server softwareCompliance softwareTime accounting softwareComputer aided design CAD softwareMap creation software

Tools

Carousel slide projectorsCompact digital camerasCompact disk CD playersComputer data input scannersComputer laser printersComputer projectorsConference telephonesDesktop computersDigital calculatorsDigital video camerasDigital video disk DVD playersHandheld microphonesInteractive whiteboard controllersInteractive whiteboardsLaptop computersDigital audio recordersDigital still camerasPersonal computersTablet computersMainframe computersMulti-line telephone systemsPhotocopying equipment10-key calculatorsAutodialersNotebook computersPersonal digital assistants PDAScannersLaser facsimile machinesLaser printersElectronic storage devices

Work Values

AchievementIndependenceRecognitionRelationshipsWorking ConditionsSupport

Career Pathways

Occupations this program prepares you for