Accounting for Non-Financial Professionals: A Practical Guide

Finance and accounting are at the heart of every business. Even if your role isn't directly focused on finance, your activities have financial implications. Understanding how money flows through your organization empowers you to make better decisions and identify profitable solutions. In this course, you'll learn about basic accounting concepts and principles and walk through the four-step accounting process. You'll also learn the fundamental principles of cash flow management and cover the four types of financial risk.It's not only the folks in the finance department who have to plan and monitor budgets. It's actually in everyone's best interest to have some basic budgetary knowledge. In this course, you'll learn about planning an effective budget, the stages involved, and different types of budgets. You'll also be introduced to Historical and Zero-based budgeting, variance analysis, capital budgeting, and performing budgeting calculations.To maintain your company's finances, you need a handle on the Income Statement, Cash Flow Statement, and Balance Sheet. And if you want to improve your company's finances, financial statements will hint at problems and possible solutions. This course will give you an overview of the three statements. You'll learn which items are included in each statement, how the statements are interlinked, and what each one indicates about your company's financial position.Financial analysis helps you understand your organization's financial standing, how it got there, and its strengths and weaknesses. In this course, you'll learn about the concept of the Time Value of Money as well as the methods for analyzing financial statements from a non-financial professional's perspective. These methods include using profitability ratios for analysis; analyzing Efficiency Ratios; Liquidity Ratio analysis; analyzing Solvency Ratios; and Vertical and Horizontal analysis.