Finance for Non-Financial Professionals

Award winning instructor Ray Sheen, PMP

• Certificate of training upon completing the course

• Bite sized video tutorials, reference guides, exercise files and quizzes

• Unlimited testing

• Self-paced course can be completed in your own time over 12 months

• Accredited with CPD UK

Certificate of completion

Digital certificate - Included

• Course Syllabus includes 16 beginner level tutorials

Finance Fundamentals

Amount and Timing

There are two equally important attributes of every financial transaction, the amount and the date it occurred. Both are required for financial reporting and analysis.

Revenues and Profits

Revenue is the amount of money that a company receives for selling its goods and services. Profit is the amount of money that a company earns after it has paid all its expenses.

Financial Reports

Earnings Statement Part 1

The Earnings Statement is a financial report that shows business profitability over some time period.

Balance Sheet Part 1

The Balance Sheet is the financial report that shows what the business is worth at some instant in time.

Cash Flow Statement Part 1

The Cash Flow Statement is a financial report that shows how well the company was able to convert business activity into cash over some time period.

Relationships Between Financial Statements

Each of the financial statements provides insight on an aspect of the business financial status and structure. These accounts across the statements are related, and changes to values will likely impact multiple statements.

Ratios and Measures

Profit Measures

When calculating profitability, the different profit measures provide insight into the most significant factors that are creating corporate profit or loss.

Return on … Ratios

Return ratios are normally used for comparing companies or comparing the past performance of a company with its present performance.

Budgeting

Cost Account Characteristics

It is important to know what category of account you are working with when budgeting and tracking spending. The different categories of accounts behave differently so knowing which category you are working with will provide insight into the budgeting and tracking process.

Estimating

Estimating is used when planning and budgeting business costs or revenues. The estimate needs to include both the amount and the timing of the transaction.

Capitalization and Amortization

Whenever a company purchases an asset with long term value, it must be capitalized. Every asset that is capitalized is then depreciated, which is special form of amortization.

Depreciation

If you capitalize a fixed asset, you are required to depreciate it on the business financial books.

Budget Baseline

Budget baselines should be used if costs must be controlled within a department or on a project.

Business Case

Developing a Business Case

The business case provides the business rationale, normally in financial terms, of why a project should be done.

Variance and Forecasting

Cost Behavior

The business financial system records costs based upon the cost account type. The costs are often accrued near the end of fiscal quarter or year.

Cost Variance Reporting

Cost variance reporting is the calculation and reporting of costs that are different than what was expected by the budget or standard.

This online course is designed for non-financial professionals who are looking to improve their financial skills for their role at work or in business. Learning how to apply financial concepts can help you become more effective in your current role or add value to improve your career prospects. The course includes 16 beginner level lessons delivered in bite sized, engaging video tutorials by award winning instructor, Ray Sheen.

Administration, Business & Management, Financial Management

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