Business Finance Essentials

Understand the Fundamental Concepts of Business Finance to speak the Language of Business - Numbers!
Rating: 4.6 out of 5 (273 ratings)
2,812 students
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FUNdamentals of Financial Statements
Accounting Jargon & Terminologies in simple laymen terms
Learn basic numbers that everyone needs to know in a company
Interact confidently with Financial Experts
Ask relevant questions at key Business Meetings

Requirements

  • If you understand the Scoreboard of any Sport, you can understand Business Finance.

Description

As the titles suggests, "Business Finance Essentials" is the introduction to understanding the financial activities of any organization. This program is for anyone who has a misconception that finance is beyond the scope of understanding. If you have heard the terms balance sheet, break-even point, depreciation or cash flow statement but have no idea what those mean, you need not worry. You will be introduced to the process of understanding the jargon and terminologies of business finance and how to use those terminologies confidently.

Accounting is called the "language of business", and in order to understand business finance, you must speak the language of numbers. The course is designed to help you differentiate between finance and accounting, while keeping it crystal clear about what influences our decision making. We strongly believe that if you can read a scoreboard of any sport, you can surely understand finance.

Through carefully building fundamentals, you will quickly realize that finance is the backbone for any organisation. We hope to make you fall in love with numbers and get you excited about finance in general.

Once you have completed this course, you will have a solid understanding of the fundamental concepts of business finance. Take your business knowledge to the next level!

Who this course is for:

  • No background in Finance required
  • Fresh Management & Engineering Graduates
  • Professionals who would like to standout at Business Meetings

Course content

1 section20 lectures1h 6m total length
  • Introduction
    02:23
  • The four things that happen in every business
    01:46
  • Understanding the primary role of a bookkeeper from a football perspective
    01:59
  • Understanding the primary role of an accountant from a football perspective
    01:49
  • Non-finance person is a myth
    03:36
  • Difference between finance and accounting
    02:35
  • The two capitals required to start – manage – grow any business
    02:10
  • The three types of businesses
    01:53
  • The two rules in business
    02:57
  • FUNdamentals of Balance sheet
    05:15
  • FUNdamentals of Profit & Loss Statement
    04:41
  • Understanding Break-even point
    02:38
  • Understanding Depreciation
    03:01
  • Difference between profit & money
    05:38
  • FUNdamentals of cash-flow statement
    04:29
  • Difference between Debit & Credit
    04:27
  • Business is not just about turnover, it is more about leftover
    01:22
  • What we can learn from McDonalds pricing model
    01:59
  • Using OPM to make more money
    06:29
  • How much should a business owner aim to earn in their business?
    04:55

Instructor

Financial Educator & Business Storyteller
Chinmay Ananda
  • 4.5 Instructor Rating
  • 297 Reviews
  • 2,862 Students
  • 2 Courses

As a Financial Educator - Business storyteller - International speaker & Author since 2014, I have trained and consulted over 950 business owners in Australia, India, China and Indonesia.


I have designed ‘Finance for Managers’ course for MBA program that I teach online at University of Canberra & Torrens University, Australia.

Also, I have designed ‘Business Management’ course for Masters of Fashion Entrepreneurship program that I teach at RMIT University, Australia.


I have programs accredited by the Institute of Certified Management Accountants (ICMA), Australia that I regularly conduct to corporates and industry associations.


I also serve as a national treasurer at Professional Speakers Australia.


My book “FUNdamentals of Financial Statements” is read by 20,000+ people.