Finance for Non-finance

Course summary

Knowledge of finance is crucial for everyone in life. When it comes to business, it holds true that one must be able to understand the concept, terminologies, application of finance. This course on 'Finance for Non-finance' imparts knowledge of accounting and finance for non-finance professionals. The course deals with the basics of finance and then delves deep into the financial concepts of journal, ledger, trial balance, final accounts and cash and fund flow statements. The course also provides knowledge of working capital management, investment returns, cost structuring, capital budgeting and business loans.

Learning outcome

By the end of the course, learner will be able to:

  • Understand the need for finance and its importance.
  • Apply the golden rules and principles of modern accounting.
  • Prepare journal, ledger & trial balance for simple accounting transactions.
  • Understand the concept and calculation on cash flow and fund flow statements.
  • Acquire knowledge to calculate ratio analysis.
  • Understand the various ways of investment returns.
  • Become aware of trading, profit & loss and balance sheet.
  • Understand the concept of working capital management and the impact of cost structure on business.
  • Acquire knowledge on business finances and capital budgeting.
  • Understand how auditing is done and steps to be prepared for it.
  • Become aware of the government's programmes for business loans".

Modules

The course deals with the concepts of accounting and the key terminologies used in accounting and finance.

The course provides knowledge of how to prepare a journal, ledger & trial balance, trading, profit & loss and balance sheet for simple accounting transactions.

This course provides a thorough understanding of what cash flow and fund flow are, as well as how they are prepared.

This course provides a thorough explanation of financial ratios and how to calculate them.

This course provides knowledge of various methods for analysing investments and includes examples.

The course provides comprehensive knowledge on the concept of working capital management

This course provides an introduction to business finance, depending on the requirements and funding sources.

This course provides an overview of the debt equity ratio as well as an explanation of how financial decisions are made and why they are significant.

The course provides insight on the impact of cost structure on business

This course covers the specifics of capital budgeting as well as the variables involved in choosing investments.

In this course, break even analysis and its calculation are explained in detail.

This course gives a thorough understanding of auditing, its stages, and how to get ready for financial audits.

This course offers a clear understanding of business financing and government loan programmes.

This module provides learners with a comprehensive understanding of final accounts in accounting, enabling them to proficiently prepare, analyze, and interpret financial statements for business entities.