Take Principles of Finance online at your own pace

Gain an understanding of foundational finance concepts such as financial statements, market instruments, capital budgeting and more. Go at your own speed and apply college-level credits toward your degree.

  • ACE Credit®-recommended for 3.0 semester credits

  • 5821 students successfully completed

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.

Assessments and 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

<p>At the end of the course, you'll be able to:<br></p> <ul><li>Identify the fundamental components of finance</li><li>Determine the key financial statements used in a business</li><li>Recognize how financial statements are analyzed and influence financial decision making</li><li>Analyze the role of financial forecasting in planning</li><li>Apply the concepts of time value of money, present and future value</li><li>Identify the characteristics and valuation of bonds</li><li>Recognize the characteristics and valuation of stocks</li><li>Determine risk and return concepts</li><li>Recognize the key elements of the securities markets</li><li>Examine overall cost of capital</li><li>Determine the factors that impact a firm’s capital structure</li><li>Evaluate the capital budgeting process</li><li>Compare methods of long-term financing to pay for investments</li><li>Identify the key components of working capital</li><li>Recognize types of dividend payments and factors that firms consider</li></ul>

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Access the course content through the first Challenge of any of Sophia’s 30+ courses.

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An ACE® Credit-recommended learning pathway

Sophia’s ACE® Credit- and DEAC-recommended courses have been accepted for credit at hundreds of colleges and universities.

The American Council on Education's College Credit Recommendation Service (ACE® Credit) has evaluated and recommended college credit for 33 of Sophia's online courses for college credit. These courses are eligible to transfer to many different colleges and universities.

The DEAC is a national accrediting organization that evaluates distance education curriculum. The Council for Higher Education Accreditation and the U.S. Department of Education recognize the DEAC as a trusted distance education authority.