ENTREPRENEURIAL FINANCE GUIDED INSTRUCTION PROGRAM
WEEK 5 | FINANCIAL MANAGEMENT AND CONTROL
Learn how to manage cash, strengthen financial controls, and reduce business risk.
THIS WEEK’S FOCUS
This week focuses on the systems entrepreneurs use to manage money and protect the financial health of a business. You will explore cash-management tactics, distinguish between internal and external controls, and evaluate business risks that could affect operations, assets, and long-term financial stability.
LEARNING OBJECTIVES
By the end of Week 5, you will be able to:
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Describe tactics for cash management as a process to monitor, control, and optimize cash flow.
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Distinguish between internal and external controls implemented by businesses.
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Assess business risks and identify an appropriate mitigation strategy to reduce or prevent the impact of the risk.