Finance for Non-Finance

In this comprehensive course, you'll embark on a journey to understand finance tailored for non-financial professionals. Starting with the basics, explore the differences between capital and revenue expenditures and delve into cost behavior. With clear explanations and practical examples, you'll learn to build and manage budgets effectively.

As you progress, uncover the fundamental principles of accountancy and finance, learning common financial terms and the intricacies of financial statements. From the DNA of balance sheets, cash flow statements, and profit & loss statements, to the effects of depreciation and the importance of working capital, each video builds your confidence in navigating financial data. Discover how to conduct ratio analysis, variance analysis, and reforecasting, ensuring you can review your company's performance critically.

By the end of the course, you will have a solid understanding of cash flow, budgeting, financial forecasting, and the distinction between finance and funding. This course not only teaches you the theory but also provides practical insights into reviewing and controlling costs, keeping financial records, and leveraging data analysis for business decisions. Empower yourself to positively impact your organization's financial health.

What you will learn

• Differentiate between capital and revenue expenditure
• Analyze cost behavior and create effective budgets
• Assess the financial impact of business decisions
• Interpret balance sheets, cash flow statements, and profit & loss statements
• Manage working capital and perform ratio analysis
• Conduct financial forecasting and maintain accurate financial records

Audience

This course is designed for non-finance professionals seeking to understand and apply financial principles in their roles. No prior financial knowledge is required, but a basic understanding of business operations is beneficial.

About the Author

Skillshub Ltd: SkillsHub is a division of the prestigious MTD Training Group, a five-time award-winning organization that has trained employees from over 9,000 companies. Their expert training team meticulously develops off-the-shelf eLearning content, ensuring practical, actionable learning experiences. Unlike content created by techies or outsourced writers, their materials are designed for real-world application. SkillsHub also offers bespoke eLearning solutions tailored to meet specific requirements, providing a customized learning experience. They focus on designing brain-friendly sessions that foster practical skills and knowledge application, ensuring effective learning outcomes in the workplace.