Welcome to the forum, and to the Mac world. Your post has a lot of misused terms, so it is confusing to me, and I suspect, others.
First, the top bar is the top bar, not the Finder bar. Finder is an application that is part of the operating system and appears on the far left of the bottom bar, which is called the Dock. It looks like tow light blue faces, or one two-colored face, depending on how you see it. On the top bar at the far left is an apple logo that looks like this: Beside that logo is the name of the application that currently has the "focus" (in other words, the keyboard and other actions affect that application. If you change applications the name of the app with the focus is beside the Apple logo.
To restart the computer, you click on the , then in the dropdown menu, Restart... and the machine will shut down, then restart. Depending on your configuration, it can take a few seconds or even minutes to accomplish that action. If there is an application hanging it up, it may never complete, forcing drastic action. To avoid that, before you Restart, it's better to quit all applications completely. The way to see what is running is that on the Dock (at the bottom) just below any icon there may be a little dot. That dot says that that application is currently loaded and running. To close an application it is best to close it from within the application by clicking on the name of the app when it is on the Top Bar (and has the focus), then click on the name of the app on the top bar and the Quit option. Once you have everything quit properly, restart should go much faster.
I have no idea what you mean by
I went into the Applications menu and clicked on the "updates" tab and looked at the one update that needed to be installed
as there is no "update" program in the Applications folder. I think you meant that you clicked on the , then "App Store" and then on the Updates tab there, but as I said, I'm baffled as to what you actually did.
You really should look at the videos Apple has at the Apple.com website to get some fundamentals on how to navigate through the operating system and how to get things done. You might try calling the Apple store for which you bought your iMac to see if they have any way to train you on the fundamentals. Alternatively, you can look for a "Dummies" book for OS X to accomplish the same thing.
The learning curve isn't that steep, but OS X is definitely NOT Windows, so a little investment in training is well worth the effort.