Finance for Non-finance Professionals
Knowing financials, especially in terms of meeting financial objectives, is arguably one of the most important skills in business.
Whether you are managing a team, working your way up in any business-related industry, or simply trying to improve your business skills and resume, understanding finance is vital to success. However, without a formal financial background – and therefore a limited understanding of the techniques and vocabulary – you can be at a severe disadvantage to other employees, managers or candidates that do.
This course provides a fluent and invaluable understanding of fundamental financial theory. It aims to equip all professionals with the techniques, terminology and financial skills required in business.
Highlights -
Combining written material, videos, screenshots and exercises this course will teach users:
-
How to understand and use key financial statements: Profit and Loss Statements, Balance Sheets and Cash Flow Forecasts
-
Budgeting and forecasting techniques to improve planning, control, and decision-making
-
How to use key performance indicators (KPIs) effectively
-
How to apply important investment-appraisal techniques
-
How to develop a business plan
Syllabus
Section 1: Introduction
Unit 1.1 - Financial Information and Decision-making
Section 2: Using Financial Information for Business Planning and Control
Unit 2.1 - Management Accounts
Unit 2.2 - Costs / Using Costs in Business Decisions
Unit 2.3 - Using Budgets
Unit 2.4 - Control Using Variance Analysis
Unit 2.5 - Section Plenary
Section 3: Key Performance Indicators (KPIs)
Unit 3.1 - The Usefulness of Business Key Performance Indicators (KPIs)
Unit 3.2 - How to Choose Key Performance Indicators (KPIs)
Unit 3.3 - How to Use KPIs
Unit 3.4 - KPIs in Practice
Unit 3.5 - Section Plenary
Section 4: Project Investment Appraisal
Unit 4.1 - Project Investment Appraisal
Unit 4.2 - Appraisal Methods and Risk
Unit 4.3 - Appraisal Methods and Inflation
Unit 4.4 - Comparing Appraisal Methods
Unit 4.5 - Section Plenary
Section 5: Building Your Business Case (Portfolio)
Unit 5.1 - Building a Business Case
Unit 5.2 - Identifying Your Resources
Unit 5.3 - Sales, Production and Pricing
Unit 5.4 - Financial Planning for Your Business Case
Unit 5.5 - Section & Course Plenary