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Principles of Finance

Principles of Finance

Sophia's Principles of Finance course is designed to introduce students to the fundamental principles of finance. Specifically, you will learn about the operating environment of the firm, financial statements, and financial ratios. You will also learn about the time value of money, the characteristics of market instruments, the process of capital budgeting, and elements of working capital management. Full Description

  • Accepted for Credit Transfer by Indiana Wesleyan University
  • 3 semester credits at Indiana Wesleyan University
  • Indiana Wesleyan University Equivalency: Elective

Category: Business

Benefits


Accepted for transfer by Indiana Wesleyan University.

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Description

Principles of Finance

Course Description:
Sophia's Principles of Finance course is designed to introduce students to the fundamental principles of finance. Specifically, you will learn about the operating environment of the firm, financial statements, and financial ratios. You will also learn about the time value of money, the characteristics of market instruments, the process of capital budgeting, and elements of working capital management. Throughout the course, you will be exposed to examples of both real and fictional scenarios to illustrate the concepts in practice.

Assessments & Grading
This is a pass/fail course. You must complete 15 Challenge assessments (these are like quizzes) and 4 Milestone assessments (these are like tests) with an overall score of 70% or better.

Learning Outcomes
At the end of the course, you'll be able to:

  • Identify the fundamental components of finance
  • Determine the key financial statements used in a business
  • Recognize how financial statements are analyzed and influence financial decision making
  • Analyze the role of financial forecasting in planning
  • Apply the concepts of time value of money, present and future value
  • Identify the characteristics and valuation of bonds
  • Recognize the characteristics and valuation of stocks
  • Risk and Return
  • Recognize the key elements of the securities markets
  • Cost of Capital
  • Determine the factors that impact a firm’s capital structure
  • Evaluate the capital budgeting process
  • Obtaining Capital: Methods of Long-Term Financing
  • Identify the key components of working capital
  • Dividends and Dividend Policy

Sophia's Many Ways™
This course provides you access to Sophia's Many Ways™ learning model. This model provides you with various instructional styles for each learning objective. With this unique model, you can find a method that appeals to your individual learning preference.

by Micala B. on April 9, 2021
Not a bad course. Very informative to create base knowledge of the financial world.
by Cierra C. on April 8, 2021
This class is the hardest class I've taken at Sophia. This class is very lengthy. In unit 4 you have some lessons that have 30 minutes recordings. The biggest downfall of this course is the lack of variety in the way the course is given. Either you read this dead text or you listen to the audio. Videos would have been really nice for this course. Also, make note that most business courses do not tell you why answers are wrong they are simply marked as wrong (I have yet to find a course that gives a reason). This course has some math but the issue isn't the math honestly it is fairly simple. It is a fact that I have to find outsider resources to figure out how an equation is done. You will receive equations that simply do not give you an example of how it should be done. So you are left to guess or find outside resources. This class does have valuable information but due to how the material is given to students makes the class way tougher than what it needs to be.
by Felicia T. on April 8, 2021
this course has you really thinking but was'nt hard
by Tina S. on April 8, 2021
Great class.
by Tuan V. on April 7, 2021
Thank you
by Akim W. on April 6, 2021
This course was very informative, timed well, and course material was good.
by Kelly R. on April 6, 2021
Very difficult course to learn on your own if unfamiliar with this area.
by Kathleen T. on April 6, 2021
Great information and easy to follow if numbers aren't your strong suite.

FAQ

  • Q: What does "Try it for Free" mean?

    A: The Free Trial allows you to access the course of your choice, or multiple courses. It gives you access to the first unit ("Challenge 1") in the course. This will let you meet the course instructors, sample the instructional content, and answer a set of assessment questions in the Challenge. You can also read the Student Guide and watch an Orientation Video to learn more about the course format, requirements, and resources.

    Any work you complete in the Free Trial is saved, so if you decide to register, you do not need to repeat it. Of course, we also let you reset it and start over if you wish.

  • Q: Does Sophia accept third-party payment for membership, such as financial aid or military benefits?

    A: Sophia is not a college or university and is not eligible for financial aid, military benefits, or other third-party payments. A Sophia membership is considered an out-of-pocket educational expense.

  • Q: When do the courses start and how long do I have to complete a course?

    A: You choose your own course start date and have 60 days from your chosen start date to complete each course. Sophia courses are self-paced, so many students complete a course in less than 60 days.

  • Q: Where do I get the textbooks for my course?

    A: You do not need any textbooks for Sophia courses. All material is taught by video and text-based tutorials that are in the courseroom, and are included as part of a Sophia membership.

  • Q: How am I graded in the course?

    A: Sophia courses are graded on a pass/fail basis, with 70% overall required to pass the course. Your score is based upon points earned in the formative assessments ("Challenges"), summative assessments ("Milestones"), and if applicable, the authentic assessments ("Touchstones"). Currently, our Foundations of English Composition, English Composition I, and Public Speaking courses contain Touchstones.

  • Q: How do I know which courses I should take?

    A: Consult with your academic adviser at your university to determine specifically which Sophia courses could fit into your program. You can download the course syllabus directly from our site to share with your school advisor.

  • Q: Are the tests proctored?

    A: Sophia courses utilize keyboard biometrics as an alternative to proctoring. No webcam is needed for a Sophia course.

  • Q: I'm taking a course where I have to submit Touchstones. How long does it take for my Touchstone to be graded once it's submitted?

    A: We provide our faculty graders with up to 7 business days to grade a Touchstone. The actual time may vary based on volume and grader capacity.