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This course is designed for anyone who is interested in learning more about finance and accounting. The course explores key concepts, issues and techniques necessary to be involved with finances, such as budgeting, cash-flow management, variance analysis, financial statements, asset registers, ratio analysis, fraud prevention, procurement management, and financial management legislation. It will help you understand the success and failure factors of financial management.
Learn Finance Fundamentals to better manage your company's financial aspects!
While there are plenty of accounting and finance courses courses that focus on financial management, this is a comprehensive course that caters the need of finance and non-finance people from beginner to advanced.
This course is designed for all finance and non-finance managers who want to improve their financial management skills, learn accounting and finance fundamentals, and analyse financial statements to better manage their organisation's finances.
What will you learn:
Introduce the fundamentals of accounting and what accounting is
Discuss the different accounting concepts
Define important accounting terms: recording, classifying, summarising, money, and transactions
Explain the objectives of accounting and users of accounting statements
Learn how to debit and credit transactions and use balance sheets
Differentiate cash basis, hybrid basis, and accrual basis
Understand financial management as both an art and science
Explore the different accounting conventions
Familiarise with the roles and functions of a finance manager
Explain the financial planning process
How to analyse financial statements, the advantages and disadvantages
Learn what index analysis is and its usage
Introduce comprehensive income statements and examples of detailed financial statements
Define consolidated income statement and consolidated statement of comprehensive income
Analyse the financial performance of a company and interpret cash flow statements
Learn ratio analysis, its categories and examples
Explain the different types of budget, what is budgeting, key characteristics and approaches
Understand variance analysis, steps, and examples
Learn the procurement management process
Differentiate direct, indirect, and service purchases
Introduce the international financial reporting standards
How to conduct a comparative analysis
Learn what is index analysis
...and more!
Contents and Overview
This course is aimed at teaching finance and non-finance managers about the fundamentals of accounting and finance, to help you better manage your company's finances.
You'll start with the Fundamentals of Accounting and define important terms such as recording, classifying, summarising, money and transactions. You will then dive into the Objectives of accounting; Users of accounting statements; Important terms such as Debit/credit , transaction, balance sheet, and capital, Assets, Bad debt, Depreciation, and Working capital; Cash basis , Hybrid basis, and Accrual basis.
Then you will learn about the Users of Accounting Information & Accounting Concepts and dive deeper into Accounting Convention topics such as Accounting Conventions: Conservatism, Consistency, Materiality, Disclosure; Financial management and art of science; Roles and Functions of a Finance Manager; Accounting vs Finance; and the process of financial planning.
We will also cover Financial management, financial manager and functions, and work closely with Analysis of Financial Statements; How analysis is done; Financial statement analysis and Comparative analysis; as well as the advantages and disadvantages; How calculations are made in analysis statement; What is an index analysis and its usage; Advantages and disadvantages of General analysis; Common Size Statement Analysis and Examples.
This course will also tackle Financial statements - Public internal score: Comprehensive Income Statement; Detailed example of financial statements; Points on business finance; Financial position on balance sheet.
Learn Market value real time ex, Balance sheet, Comp income statement, cash flow statement: Financial statement and other financial information; Consolidated income statement and Consolidated statement of comprehensive income; Sample of cashflow statement; Consolidated cash flow statement; Consolidated statement of changes in equity; Financial performance of a company; and Key financial data.
This course will also discuss what is ratio analysis; Ratio analysis categories and Example of statement of comprehensive income; How to solve gross profit margin and formula; Total asset turnover; Current asset turnover and property, plant and equipment turnover; Trade Receivable and payable turnover; Inventory turnover and Turnover ratios; Trade receivable turnover time; Inventory turnover time and Cash Conversion cycle; Liquidity ratios, current ratio, quick ratio, cash ratio, solvency; and Ratio Analysis - Meaning, GP Margin, EBIT, NP Margin, Return on Asset.
Next, you will learn about Market value - Investment EPS-DPS, P-E, Dividend payment, Mkt to book; Budgeting - characteristics, approaches, implications and types of budget; Variance analysis, steps, ex, cash planning, cash budget; Procurement management process and fraud risks; Financial regulations - CO Lou, USA, EU, South Africa; International Financial Reporting Standards; Time Value of Money; Accounting Records and Comparative Analysis; index Analysis; and Set of financial statement, income and key terms.
Then we will finish off the course on statement of cash flows.
Who are the Instructors?
Dr Rajashree Yalgi from Digital Regenesys is your lead instructor – a professional making a living from her teaching skills with expertise in finance. She has joined with content creator Peter Alkema to bring you this amazing new course.
You'll get premium support and feedback to help you become more confident with finance!
Our happiness guarantee...
We have a 30-day 100% money back guarantee, so if you aren't happy with your purchase, we will refund your course - no questions asked!
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Peter and Dr Rajeshree Yalgi
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