
Introduce finance concepts for non-finance learners and guide you through topics with a seasoned instructor with 10 years of finance experience.
Explore how the finance function records day-to-day transactions with the double-entry method, assets, liabilities, equity, budgeting, forecasting, and reporting, transforming data into financial statements for management, owners, and banks.
Use the double entry method to record transactions in at least two accounts with debits and credits. Define assets, liabilities, equity, revenue, and expenses, noting assets equal liabilities plus equity.
Explore how debits increase assets and credits decrease them, using cash from customers as a debit and cash payments like electric bills as a credit.
Learn how assets balance with liabilities and equity, with increases credited and decreases debited. See how revenue increases equity and expenses decrease it, using double-entry logic with paying liabilities.
Learn how financial statements summarize activities, performance, and cash flows, including the income statement, balance sheet, statement of owners equity, and notes.
Explore the income statement to assess revenue, expenses, and net income for a period, then learn how the cash flow statement tracks cash changes across operating, investing, and financing activities.
Analyze Facebook's condensed balance sheet to assess liquidity with the current ratio, and solvency via debt-to-equity, comparing June and September 2021 against industry benchmarks.
Analyze Facebook's income statement to compare revenue, costs, and profitability across June and September. Identify drivers of net income and gross margin and note industry average comparisons.
This Finance for Non-Finance course is designed for individuals who are new to the world of finance and want to gain a solid understanding of key financial concepts. Whether you're a business owner, student, or professional, this course will help you master the basics of financial statements, accounting principles, and financial analysis.
You will begin by learning the foundational concept of double-entry bookkeeping, which is essential to understanding how transactions are recorded in the financial system. You will also dive into financial statements—such as the Statement of Profit and Loss and the Balance Sheet—and learn how to build them from scratch in Microsoft Excel.
As you progress, you will develop the skills to perform comprehensive financial statement analysis, understanding key ratios like Liquidity, Solvency, Profitability, and Growth. You will also gain insights into revenue and cost recognition and how these affect financial outcomes.
This course also covers industry analysis and explains how to assess a company’s value and performance based on its financial data. By the end, you'll be comfortable using financial ratios and tools to analyze business performance, make better financial decisions, and confidently interpret financial reports.
Whether you're looking to advance in your career or gain a better understanding of your own business, this course will equip you with the practical skills you need to navigate the world of finance and business analysis.
What You'll Learn:
Understand the basics of financial statements and double-entry accounting
Build a Statement of Profit and Loss and a Balance Sheet from scratch
Perform financial statement analysis to assess company performance
Learn to calculate key financial ratios: Liquidity, Solvency, Profitability, and Growth
Understand the timing of revenue and cost recognition
Perform industry analysis to compare financial data within a sector
Know what drives a company's value and how to assess its financial health
Work with Microsoft Excel to build and analyze financial reports
Gain confidence in understanding the fundamentals of business analysis
Who This Course Is For:
Non-finance professionals seeking to understand financial statements
Entrepreneurs and business owners looking to manage finances better
Students in business or related fields needing a practical financial foundation
Anyone interested in learning the basics of financial reporting and analysis
Tools You'll Use:
Microsoft Excel for building financial reports
Basic financial concepts and real-world examples for practical learning
Enroll today to gain a comprehensive understanding of finance and learn how to read, interpret, and analyze financial statements effectively!