Inflation: Key Concepts and Business Financial Management Ideas (Video) (Course Id 2391)

• Who is this course for?
  This course is for CPAs, accountants, financial professionals, and anyone needing Continuing Professional Education (CPE), particularly those seeking to improve their understanding of inflation and its impact on business financial management.

• What is this course about or what problem does this course solve?
  The course addresses the knowledge gap created by decades of low inflation, equipping financial professionals with key concepts and strategies to manage business finances effectively during inflationary periods.

• How can the knowledge from this course be used?
  Learners can apply the insights to prepare for inflation, manage cash wisely, optimize pricing, and make informed capital expenditure decisions, thereby strengthening a company’s financial resilience during inflation.

• Why is this course important to a CPA, Accountant, or IRS Enrolled Agent?
  It’s important because it enhances their ability to advise businesses during inflationary times, helping avoid costly financial mistakes and enabling strategic decision-making based on historical and current inflation trends.

• When is this course relevant or timely?
  The course is especially timely due to the resurgence of inflation in the 2020s, making it crucial for professionals who may lack prior experience managing finances under such economic conditions.

• How is a course like this consumed or used?
  This self-study course is delivered through a video and text format, includes review and final exam questions, and is completed online with no prerequisites or additional materials required.

After decades of low inflation, prices spiked in the 2020s. Inflation was back, but a generation of managers had little experience with it. That lack of experience caused companies to make mistakes when inflation started its fast ascent. Financial leaders need to relearn the skills and insights that guided companies through the high inflation of the 1970s and 1980s.

This course is broken into two sections. The first section will cover some key concepts about inflation. You'll learn:

• What is inflation?
• The Federal Reserve's role in managing inflation
• The indexes used to measure inflation
• How to calculate inflation
• A historical look at inflation and its causes
• The advantages and disadvantages of inflation
• Consumer reactions to inflation

The second section builds on these concepts to provide implications for company financial management. I'll explain:

• How to prepare for inflation
• The importance of cash management
• Ways to earn more income and protect your cash during inflation
• Pricing tactics and strategies
• Inflation implications for capital expenditures
• Tips and ideas for many aspects of company financial management

Video - NASBA QAS - Text - NASBA Registry - 2391

Course Learning Objectives

• Recognize indexes used to track prices and inflation
• Identify ways to mitigate the adverse impacts of inflation
• Recall the impact of inflation on capital expenditure analysis

Chapter 1 - Inflation: Key Concepts and Business Financial Management Ideas

Chapter 1 Review Questions

Glossary