Finance for Non-Finance Professionals Online Course
Finance for Non-Finance Professionals Online Course
This course is designed to help non-financial professionals build a strong foundation in finance. You will learn key concepts such as capital vs. revenue expenditure, cost behavior, and effective budgeting. The course covers essential financial principles, including understanding financial statements (balance sheets, cash flow, profit & loss), depreciation, and working capital. You'll gain skills in ratio analysis, variance analysis, and financial forecasting, allowing you to assess company performance with confidence. By the end of the course, you'll be equipped to manage cash flow, control costs, review financial records, and use data analysis for informed decision-making, empowering you to contribute to your organization’s financial success.
Key Benefits
- Gain comprehensive knowledge of essential financial principles specifically designed for non-financial professionals.
- Equip yourself with the skills to make confident, data-driven business decisions and actively participate in financial discussions.
- Engage in practical modules featuring real-world examples, interactive lessons, and expert insights to enhance your understanding and application of finance in professional settings.
Target Audience
This course is for non-financial professionals who wish to gain a solid understanding of financial principles and apply them effectively in their roles. While no prior financial knowledge is necessary, a fundamental understanding of business operations will help maximize the benefits of the course.
Learning Objectives
- Understand the distinction between capital and revenue expenditures and their impact on financial statements.
- Analyze cost behavior patterns and learn how to create and manage effective budgets.
- Assess the financial consequences of business decisions to make informed choices.
- Learn how to interpret and analyze balance sheets, cash flow statements, and profit & loss statements for better financial insights.
- Gain the skills to manage working capital efficiently and perform ratio analysis to evaluate financial performance.
- Master the techniques of financial forecasting and maintain accurate financial records to ensure long-term business sustainability.
Course Outline
The Finance for Non-Finance Professionals Exam covers the following topics -
Finance for Non-Finance Professionals
- Capital Expenditure vs. Revenue Expenditure
- Understanding Cost Behavior
- Creating and Managing a Budget
- How Daily Decisions Affect Profit and Cash Flow
- Introduction to Accounting and Finance
- Key Financial Terminology
- Structure of a Balance Sheet
- Structure of a Cash Flow Statement
- Structure of a Profit & Loss Statement
- Impact of Depreciation
- Introduction to Ratio Analysis and Its Application
- Overview of the Three Core Accounting Statements
- What is Working Capital? How to Manage It Effectively
- Variance Analysis and Reforecasting
- The Difference Between Cash and Profit
- Data Analysis in Finance
- Understanding Cash Flow
- Budgeting Techniques
- Finance and Funding Options
- Financial Forecasting Techniques
- Managing Financial Records
- Controlling and Reviewing Costs
