Finance, Human Resources And Administration
Accounting for Non-Financial Professionals
Basic Accounting Concepts for Non-financial Professionals
Comprehending Financials: A Guide to Financial Statements
Financial Statement Analysis for Non-financial Professionals

Basic Accounting Concepts for Non-financial Professionals

Course Number:
fin_08_a01_bs_enus
Lesson Objectives

Basic Accounting Concepts for Non-financial Professionals

  • recall the basic accounting equation
  • recognize the characteristics of cash- and accrual-based accounting
  • match financial activities to the appropriate phase of the accounting process
  • match each basic accounting principle to its description
  • classify examples of cash flow as operating, investing, or financing activities
  • recognize how to calculate the potential cash gain by reducing Economic Float
  • recognize the effect an increase or decrease in working capital has on cash flow
  • match each type of financial risk to a description

Overview/Description
In this course, you'll learn about key finance and accounting terms and concepts such as the basic accounting equation, accrual-based accounting, and basic accounting principles. This course also takes you through the steps in the accounting process to help you recognize how business transactions affect various financial statements and the bottom line of your business.

Target Audience
Non-financial professionals who wish to gain understanding or refresh their knowledge of finance and accounting

Comprehending Financials: A Guide to Financial Statements

Course Number:
fin_08_a03_bs_enus
Lesson Objectives

Comprehending Financials: A Guide to Financial Statements

  • recognize the four types of financial data included in an Income Statement and the purpose of each
  • recognize how to calculate gross profit and income using the Income Statement
  • identify the strategies for managing cash flow
  • recognize in which section of a Cash Flow Statement each cash flow item belongs
  • recognize how to calculate cash flow values using the Cash Flow Statement
  • recognize how financial transactions affect the financial state of a company in a given scenario
  • recognize how to compile a Balance Sheet
  • recognize the impact a transaction has on the Income Statement, Cash Flow Statement, and Balance Sheet

Overview/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

Financial Statement Analysis for Non-financial Professionals

Course Number:
fin_08_a04_bs_enus
Lesson Objectives

Financial Statement Analysis for Non-financial Professionals

  • match key terms relating to the time value of money to their descriptions
  • recognize how to calculate the present and future values of a single amount
  • recognize how to calculate the value of key profitability ratios
  • recognize how to calculate the value of key efficiency ratios
  • recognize how to calculate the values of liquidity ratios
  • identify how to calculate the values of solvency ratios
  • recognize examples that are characteristic of horizontal analysis
  • identify examples that are characteristic of vertical analysis

Overview/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

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