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Online College Course

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

3 semester credits

  • 12 partners accept credit transfer.*
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  • Sophia courses have been transferred for credit to over 300 institutions*. See the List
  • Recommend for credit to the ACE and DEAC college and university networks. (See below for details.)

Category: Business

This course is ACE Credit® recommended for transfer to many different colleges and universities.* Learn more
This course is DEAC-approved as meeting the criteria for Approved Quality Curriculum (AQC) status. Learn more

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12 partners accept credit transfer.* See Partners

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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.

Rating
by Janet J. on January 25, 2021
This course was tough. Write the milestone questions down, and the section you find them. This way when testing you know where to find content for the question you have to answer. Don't expect for practice milestone questions to be the same as the test. They will only be similar concepts. You must read and not skip if you want to pass. Just my opinion/experience. Good luck!
Rating
by Jennifer B. on January 24, 2021
Simple and informative.
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by Theresa W. on January 24, 2021
Overall, the course was great. I thought the final was the hardest part as there are so many concepts, that you cannot possibly memorize. The math was easier than the concepts. Don't change the wording in the final please, there are so many things to remember, that it confused me in a few places. Be straight forward. Also, I loved Micro and Macro with Kate. Also, please give more examples for the formulas. Thank you.
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by Mario F. on January 24, 2021
I found this course very difficult. I would have liked some of the formula calculations to be explained rather than only shown. Glad I passed it!
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by Christopher H. on January 23, 2021
Straight to the point. I took this after Accounting and both economics classes, so it was pretty easy for me. Similar material. Read the questions, take the practice Milestones and reference them during the Milestones.
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by HEATHER S. on January 23, 2021
Not too bad. You really have to read through and understand the formulas. Great overall course!
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by Lisandra M. on January 23, 2021
Super hard. Don't procrastinate like I did. Wow!
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by Cindy M. on January 23, 2021
This course was AWFUL! It left me frustrated with an absolute hatred for FINANCE! The questions on the milestones were NOT not clear. I have NEVER gotten such a poor grade in my academic career. I will be speaking to my advisor about possibly striking this one. DO NOT FALL FOR FREE - It's NOT worth the risk to your GPA!

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.

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