Inflation: Key Concepts and Business Financial Management Ideas (Course Id 2397)

• Who is this course for?
  This course is for CPAs, accountants, financial professionals, and anyone needing Continuing Professional Education (CPE), especially those unfamiliar with managing business finances during inflationary periods.

• What is this course about or what problem does this course solve?
  The course addresses the knowledge gap in inflation management by teaching key concepts and financial strategies that businesses can use to navigate periods of high inflation, similar to those experienced in the 1970s and 1980s.

• How can the knowledge from this course be used?
  Learners can apply insights from the course to improve cash management, develop pricing strategies, make informed capital expenditure decisions, and mitigate the financial risks associated with inflation.

• Why is this course important to a CPA, Accountant, or IRS Enrolled Agent?
  It equips financial professionals with essential skills to support clients or companies in maintaining financial stability and strategic decision-making during inflationary times.

• When is this course relevant or timely?
  The course is especially timely in the 2020s, as inflation has surged after decades of stability, catching many managers and businesses unprepared.

• How is a course like this consumed or used?
  This is a NASBA QAS self-study text-based course that includes review questions and a final exam, allowing learners to complete it at their own pace online.

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

NASBA QAS - Text - NASBA Registry - 2397

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

Section 1: Inflation Concepts

An Inflation Case Study

What is Inflation?

The Fed and Inflation

Inflation Indexes

Deflation, Hyperinflation, and Everything in Between

Advantages, Disadvantages, and Consumer Reactions

Review Questions #1

Section 2. Managing Through Inflation

Preparing for Inflation

Cash Management

Pricing

Capital Expenditures

Financial Management During Inflation

Key Takeaways

Review Questions #2

Glossary