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This is a bundled training package. It contains training for each of the bundled items below:

Course Price
Principles of Accounting and Finance for Non-financial Professionals $74.95
Cash Flow Management Essentials for Non-financial Professionals $74.95
The Time Value of Money and Investment Decisions for Non-financial Professionals $74.95
The Essentials of Budgeting for Non–financial Professionals $74.95
Financial Statements for Non-financial Professionals $74.95
Analyzing Financial Statements for Non-financial Professionals $74.95

Bundle Price: $229.00
Total Savings: $220.70


Principles of Accounting and Finance for Non-financial Professionals

Finance and accounting are at the heart of every business. These functions deal with recording, summarizing, and analyzing financial information across all departments for decision making, directing, and controlling their resources and activities. Every activity or non-activity in an organization has financial implications and financial acumen is expected at every organizational level. Professionals and functional managers in every department and functional area should have a certain amount of comfort and familiarity with the basic accounting and financial concepts, processes and practices so that they can use it to better manage and control their activities and make decisions that support organization's larger goals. This course aims at familiarizing non-financial professionals with basic accounting and financial concepts. You are introduced to key finance and accounting terms and concepts such as the accounting equation, accrual-based accounting, financial risks and returns, and basic accounting principles. This course also takes you through the steps in the accounting process and helps you recognize how business transactions affect various financial statements and the bottom-line of your business.
  • recall the basic accounting equation
  • identify the key differences between cash- and accrual-based accounting
  • match phases of the accounting process with actions that are performed at each phase
  • match each basic accounting principle to its description
  • recognize how a business transaction affects a financial statement in given examples
  • identify four types of financial risks

Cash Flow Management Essentials for Non-financial Professionals

Cash flow management involves monitoring, analyzing, and adjusting your business's cash flows to maintain a steady flow of cash available for your activities when needed. Sustaining working capital while managing the flow of cash is often a challenge with many businesses. Sale of goods and services results in cash coming in, while paying bills, taxes, dividends, and the repayment of loans result in cash going out. This course provides some insights into managing cash flow in your area of operation. You are guided through the classification of cash flow into operating, investing, and financing activities. You are then introduced to the idea of the Total Business Float with help of a case-based example and how to recognize the implications of working capital on cash flow. Finally, some strategies for sound cash flow management are also presented.
  • classify examples of cash flow as operating, investing, or financing activities
  • calculate the potential cash gain when reducing the Total Business Float, given the annual sales volume, in a case-based example
  • recognize the effect an increase or decrease in working capital has on cash flow
  • determine which cash management techniques will help achieve the cash management strategy for a given scenario

The Time Value of Money and Investment Decisions for Non-financial Professionals

The notion of Time Value of Money is at the foundation of many financial decisions and activities in an organization. Regardless of your functional or departmental role, you may be required to choose between investment options in assets, plants and equipments, new businesses, advertising campaigns, employee training, or technology, based on their future cash flow expectations. It is important for you to make sound financial decisions to allocate your organization's resources most effectively and ensure the best return possible on them. This course attempts to familiarize you with the concept of Time Value of Money and presents some effective methods to evaluate the desirability of decisions involving capital expenditures and investment. This course covers two of these methods – Payback Period and Net Present Value – in greater detail to help you choose between different investment options.
  • calculate the present and the future value of a single amount in given scenarios
  • recognize the key characteristics of three methods for capital budgeting
  • calculate the Payback Period of different investment options
  • determine the best investment among different options using the Net Present Value method

The Essentials of Budgeting for Non–financial Professionals

Professionals and functional managers in every department deal with budgets one way or another for providing targets and direction in their day-to-day decision making and control activities. The budget is a formal expression of the plans, goals, and objectives of an organization and familiarity with the essentials of the budget is expected at every level within that organization. This course aims to provide a basic understanding of budgets and their importance in allocating resources and guiding the activities in an organization. It helps you identify the characteristics of an effective budget and the key phases of the budgetary planning process. The course then provides a few examples of different types of budgets and the approaches to budgeting. Finally, the course takes you through variance analysis and how to use a variance report as part of the budgetary control process.
  • identify the characteristics of an effective budget
  • sequence the key phases of the budgetary planning process
  • match budget elements with the type of budget in which they should be recorded
  • identify key characteristics, advantages, and limitations of two different approaches to budgeting
  • recognize variances that are worth investigating

Financial Statements for Non-financial Professionals

Financial statements, including the Income Statement, the Cash Flow Statement, and the Balance Sheet, work as a dashboard of the financial performance of an organization. Knowing how these financial statements are created, and how they reflect the performance of the organization, helps non-financial professionals better understand how their own functional areas can affect the company's bottom line. These financial reports are also used by professionals in all areas for evaluating proposals, suppliers, competitors, markets, and the general condition of the industry they operate in. This course aims to familiarize you with these three financial statements and how they reflect an organization's overall activities and performance. This course takes you through the various sections of these statements and explains how each is calculated. Finally, the course demonstrates how common business transactions affect an organization's financial condition with the help of an example.
  • calculate the gross profit, income from operations, and net income from given Income Statement data
  • calculate the value of different types of cash flows in a Cash Flow Statement
  • determine the value of Assets, Liabilities, and Shareholders' Equities in a Balance Sheet
  • recognize how common business transactions affect an organization's financial statements in an example

Analyzing Financial Statements for Non-financial Professionals

Financial statements of an organization often conceal more than they reveal. Being able to analyze them and extract meaningful information is an essential skill that financial as well as non-financial professionals should have. Ratio analysis can be used to determine relationships between two elements of the same financial statement or between one element of one financial statement and another element of a different financial statement. This type of analysis can also be used to compare your company’s performance to a number or key indicators, including your competitors, industry averages and benchmarks. This course presents and discusses many methods for analyzing financial statements from a non-financial professional's perspective. It determines and interprets the key profitability, efficiency, liquidity, and solvency ratios using scenarios. It also explains horizontal and vertical analysis of the financial statements using real life examples.
  • determine the value of a company's key profitability and efficiency ratios in a scenario
  • calculate liquidity and solvency ratios
  • classify examples as reflecting the use of horizontal or vertical analysis
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Finance and Accounting Essentials for Non-financial Professionals e-learning bundle
  • Course ID:
    271359
  • Duration:
    n/a
  • Price:
    $229