Description: Finance and accounting are at the heart of every business. Even if your role isn't directly related to finance, your activities may still have financial implications.
This course explains the basics of finance for non-finance professionals, and covers key accounting and finance essentials and concepts: the basic accounting equation, accrual-based accounting, and basic accounting principles. It explores business finance, including how business transactions affect financial statements and the bottom line. You'll walk through the four-step accounting process, and you'll learn the fundamental principles of cash flow management and the four types of financial risk.
Target Audience: Non-financial professionals who wish to gain understanding or refresh their knowledge of finance and accounting
Duration: 00:30
Description: It's not only the Finance department that needs to understand budgeting and finance essentials. Given the importance of finance for non-finance professionals, it's in everyone's best interest to have some basic knowledge of one of the most important aspects of business finance – budgeting.
In this course, you'll learn to identify the characteristics of an effective budget, the stages in planning one, and how to distinguish between budgets types. You'll also explore budgeting concepts and techniques such as historical and zero-based budgeting, variance analysis, capital budgeting, and performing budgeting calculations.
Target Audience: Non-financial professionals who wish to gain an understanding or refresh their knowledge of finance and accounting
Duration: 00:28
Description: The focus of any business is to make a profit, generate enough cash to operate effectively, and be financially viable. Financial statements are used to track a business's financial information. There are three basic financial statements used for this purpose: the Income Statement, the Cash Flow Statement, and the Balance Sheet. In this course, you will learn about each of the three financial statements, their reporting requirements, and how information is arranged within them. You will also examine a few examples of financial statements and explore how each financial statement relates to the others.
Target Audience: Non-financial professionals who wish to gain an understanding or refresh their knowledge of finance and accounting
Duration: 00:29
Description: In today's business world, financial acumen is expected at every organizational level. A general knowledge of financial analysis is essential for understanding the financial implications of any activities. Financial analysis helps you understand your organization's financial standing, how it got there, and its strengths and weaknesses. This course covers some of the methods for analyzing financial statements from the perspective of a non-financial professional. In this course, you'll learn about using common financial ratios for profitability, efficiency, liquidity, and solvency in your analysis. In addition to ratios, the course covers percentage calculations specifically for Horizontal Analysis and Vertical Analysis.
Target Audience: Non-financial professionals who wish to gain an understanding or refresh their knowledge of finance and accounting
Duration: 00:30
Description: How do organizations communicate vital business and finance information? Achieving the utmost clarity in communication requires knowledge of financial management and a strong understanding of accounting basics. Accounting an internal function that involves identifying, recording, summarizing, and reporting business transactions and financial events in an organization.
In this course, you’ll learn the core concepts and financial essentials of accounting, such as the accounting equation and its components, as well as the rule of debits and credits. You'll also develop your financial acumen by exploring the accounting cycle, and the effect of cash and accrual-based accounting systems.
Target Audience: Anyone either serving in an accounting role, or who just wants to have a working understanding of the accounting and bookkeeping functions
Duration: 00:24
Description: If your organizational role is related to accounting or finance, you’ll most likely need solid financial acumen and a strong grasp of the accounting basics of recording, posting, and balancing your organization’s books.
In this course, you’ll learn financial essentials related to bookkeeping, such as the steps in the accounting cycle that happen after transactions have been identified and analyzed. You'll learn how to carry out vital financial management activities, including how to make general and special journal entries, and how to post those transactions to accounts in the general and subsidiary ledgers. You'll also learn how to prepare trial balances and make adjusting entries.
Target Audience: Anyone either serving in an accounting role, or who just wants to have a working understanding of the accounting and bookkeeping functions
Duration: 00:26
Description: Developing your financial acumen is a must in today's economy, and improving your knowledge of accounting basics and financial management is a good first step.
In this course, you'll explore the financial essentials that will enable you to understand key steps in the management of finance within the accounting cycle. You'll learn how, once you’ve worked your way through recording transactions and posting to ledgers, you’re ready to start preparing financial statements. You'll learn about Income Statements, Balance Sheets, Cash Flow Statements, and how they're interrelated. You'll also learn about the steps involved in closing accounts.
Target Audience: Anyone either serving in an accounting role, or who just wants to have a working understanding of the accounting and bookkeeping functions
Duration: 00:27
Description: One of the great advantages of a corporate form of organization is it allows otherwise unaffiliated people to join in mutual ownership of a business. Therefore, everyone involved needs an understanding of the financial essentials and how they influence the company's overall financial management. Strengthening your own financial acumen with a knowledge of accounting basics is the first step.
In this course, you'll learn about the key characteristics of finance within incorporated organizations. You'll explore how common financial transactions affect the corporations' financial position. You'll also learn concepts and accounting processes for corporate transactions, including those involving common and preferred stocks, treasury stocks, and dividends.
Target Audience: Anyone either serving in an accounting role, or who just wants to have a working understanding of the accounting and bookkeeping functions
Duration: 00:20