
Explore essential finance and accounting basics, including income, expense, asset, and liability; analyze income statements, balance sheets, and cash flow statements; use ratio analysis to compare company performance.
Explore how every managerial decision affects profit and learn the three core financial statements under IFRS: income statement, balance sheet, and cash flow statement, revealing profitability and liquidity.
Classify income, expenses, liabilities, and assets. Explain how operating and non-operating expenses, current and long-term liabilities, and the income statement and balance sheets reveal a business's financial position.
Learn how depreciation allocates asset costs over useful life and affects the income statement and balance sheet. Explore straight-line and written-down value methods, and the role of amortization for intangibles.
Distinguish accounting from finance by noting that accounting records transactions and yields financial statements, while finance manages money, uses ratio analysis, and informs future decision making.
Explore how income statements and balance sheets are formed from income, expenses, assets, and liabilities, and analyze profit and cash flow through a practical 2018 example.
Explore the income statement for a period, showing revenue from services, goods, and financing, minus costs to reveal gross profit and net income under accrual accounting.
Analyze income statement data with ratio analysis to measure gross profit margin, operating profit, net profit, and interest coverage while comparing across years and companies.
Analyze balance sheet ratios such as current and quick ratios, debt-to-equity, days sales outstanding, accounts payable turnover, return on equity, and asset turnover to assess liquidity and performance.
Are only the CEO & CFO responsible for making profits in a company? The answer would be ‘No’. Each and every decision taken in a company has either direct or indirect impact on the profits or financial position of the company. Irrespective of what role you are in, it is imperative that you are aware of certain basic financial knowledge. A certain minimum financial knowledge increases the probability of maximizing the profits or minimizing the losses while taking decisions.
> Financial knowledge is the second most important skill for a CEO according to a recent survey
> Resumes which highlight contributions to top-line & bottom-line of the company have a higher chance of being shortlisted.
After this course, you will be able to:
Understand ‘Income Statement’ and why is it prepared.
Understand ‘Balance Sheet’ and why is it prepared.
Understand the importance of 'Cash Flow Statement'
Confidently read and understand 'Financial Statements' of any company.
Understand 'Key Financial Ratios' and how they impact decision making.
Curriculum:
This course is divided into 3 main sections:
Understanding basics terms like Asset, Liability, Income & Expense
Understanding financial statements
Basic ratios that help analyze financial statements & help in decision making
Lets get started!
What students are saying:
"There are a bunch of professionals who put up courses online, but this clearly stands out. Purely because it's built to make people understand the concepts in the most simplified manner. It's a clean interface with no distractions and complications. I started off to watch a couple of videos, but the content was so engaging that I ended up watching all of them. Great work guys! More power to you!"
- Srinivas Kanchapu, Business Director - Publicis Media
"A very practical course. I am happy that I could really apply it professionally. After this course, I can now say for sure that numbers do tell you stories, stories that can enable better decision making."
- Ronak Bhanushali, Regional Manager - APAC & ME
"This course is crisp and insightful. It helped to hone my skills in analyzing balance sheet and various financial ratios. My decisions are now data driven and I am able to ask the right questions during board meetings."
Hemant seta, Manager - Business Development
"A great course on the basics of financial aspects required by Business Managers. Would urge all middle management folks to go for this course. Simple and clear teaching style makes it really effective."
Rajesh Chadda, Associate Vice President - TATA AIG