What you will learn in Finance for Non-Finance: Learn Quick and Easy Course
Learners will understand the basics of financial statements, including the income statement, balance sheet, and cash flow statement.
The course covers how to interpret financial data and use it to evaluate business performance and profitability.
Students will explore financial ratios and metrics, such as ROI, liquidity ratios, and profit margins, to make informed decisions.
- The course teaches budgeting techniques, cost analysis, and how to assess the financial health of a business.
- Learners will gain insights into financial forecasting and how to apply financial data to business strategies.
Program Overview
Introduction to Financial Statements
⏳ 2-4 weeks
- Understand the structure and components of the three main financial statements: income statement, balance sheet, and cash flow statement.
- Learn how to read and interpret financial statements to assess business performance.
- Explore the connections between these statements and how they work together to provide a complete picture of a business’s financial health.
Key Financial Ratios & Metrics
⏳ 4-6 weeks
- Study key financial ratios, such as return on investment (ROI), profit margins, and earnings before interest and taxes (EBIT), and how to use them for decision-making.
- Learn how to calculate and analyze liquidity ratios, profitability ratios, and efficiency ratios.
- Understand how financial metrics can provide insights into a business’s operational efficiency and profitability.
Budgeting & Cost Management
⏳ 4-6 weeks
- Learn how to create and manage a budget for business operations.
- Study different cost structures, such as fixed and variable costs, and how they impact profitability.
- Explore how to conduct a cost-benefit analysis to assess potential investments and make profitable decisions.
Cash Flow Management
⏳ 4-6 weeks
- Understand the importance of cash flow and how it differs from profit.
- Learn how to track cash flow and use it to forecast future financial performance.
- Study strategies for managing working capital, including accounts receivable and payable, inventory, and capital expenditures.
Financial Decision-Making & Forecasting
⏳6-8 weeks
Learn how to apply financial data to make strategic decisions that improve business profitability.
Study financial forecasting techniques, including how to predict future sales, expenses, and capital requirements.
Understand how to use financial data to assess the potential outcomes of different business strategies.
Profitability Analysis & Business Strategy
⏳4-6 weeks
- Learn how to analyze the profitability of different business segments, products, or services.
- Study how to make decisions that enhance profitability, such as pricing strategies, cost reductions, and capital allocation.
- Understand the role of financial analysis in shaping long-term business strategy and achieving sustainable growth.
Final Project: Analyze a Business & Make Financial Decisions
⏳4-6 weeks
Apply the concepts learned throughout the course to analyze a real-world business or case study.
Develop financial strategies and recommendations based on the analysis of the business’s financial statements and performance metrics.
Present your analysis and decisions for feedback and refinement.
Get certificate
Job Outlook
- Financial literacy is a key skill in virtually every industry. Professionals who understand finance can contribute significantly to business strategy and decision-making.
- Non-financial professionals with a strong understanding of finance are highly sought after, with roles in management, project management, operations, and entrepreneurship offering competitive salaries.
- Finance for non-financials is particularly valuable for those in leadership positions, such as team leads, directors, and entrepreneurs, with salaries ranging from $60K to $120K, depending on experience and industry.
Specification: Finance for Non-Finance: Learn Quick and Easy
|
