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The Fundamentals Of Finance For Non-Finance Professionals
Rating: 4.2 out of 5(80 ratings)
471 students

The Fundamentals Of Finance For Non-Finance Professionals

We're going to demystify the dark art that is Finance, making it fun and simple.
Last updated 11/2023
English

What you'll learn

  • Understand key financial concepts such as EBIT & EBITDA
  • Be able to calculate Return on Capital Employed (ROCE) and Net Present Value (NPV), and more importantly, understand what they mean and why they’re important
  • Read and understand the core elements of a P&L (Profit & Loss account), balance sheet and cash flow statement
  • Understand different calculations of profit margins, and when some margins look better than others
  • Identify the different approaches to depreciation and why we need to be careful with them
  • Demystify the strange concept of amortisation
  • Be able to talk coherently using financial terms, and understand it when people talk to you about them
  • Prove your knowledge and understanding with short, real-world tests at the end of every lecture
  • Get a discount on future courses in this series

Course content

1 section7 lectures1h 26m total length
  • Introduction7:15

    Welcome to the programme. This is the introduction and we will tell you about the course. 

  • EBITDA14:02

    In this lecture we look at the acronym EBITDA. What each letter means and how they fit together. 

  • Lecture 1 Quiz
  • Margins8:30

    In this lecture we look how to calculate margins and discover what they actually mean.

  • Lecture 2 Quiz
  • Balance Sheets16:58

    In this lecture we look at balance sheets. 

  • Lecture 3 Quiz
  • P&L and Cash Flow16:38

    In this lecture we look at profit and loss account and cash flow statement. 

  • Lecture 4 Quiz
  • ROCE11:28

    In this lecture we look at the acronym ROCE, exploring each letter and understanding how they all fit together.  

  • Lecture 5 Quiz
  • NVP11:43

    In this lecture we're talking about NVP calculations. 

  • Lecture 6 Quiz

Requirements

  • You need to take notes to complete the short tests at the end of each lecture
  • You’ll need to download some pdf files from our website lammore . com / finance1
  • No experience is necessary to complete this course

Description

BRAND NEW!

We're going to show you how to understand the numbers that lie at the heart of every organisation.

With this programme we're going to give you a simple guide to the core elements of finance that all organisations use to report and manage their results. If you ever have conversations about finance and feel even slightly out of your depth, then this introduction to the Fundamentals of Finance is for you.

Have you ever been in a position where you’re talking about your P&L, and had nagging doubts about what you were talking about? Have you ever used terms like EBIT or NPV without really understanding what they are or what they mean? Do you see mysterious financial transactions happening that affect your results, but you don’t know how (or if) you can affect them? If any of these are true, this course will remove those doubts and raise your understanding. You’ll be smarter, sound smarter, and be able to make better, faster decisions as a result.

This course is Part 1 in a forthcoming series called The Fundamentals of Finance, and will be the foundation stone upon which to build your development as a rounded manager and leader in your organisation.

Let's get going! 

Who this course is for:

  • You should take this course if you ever use or hear financial jargon or data