Finance for Non Financial Professionals

Finance for Non Financial Professionals

Overview
Finance and accounting are the center of every business, and the main stream of information for every decision. These functions deal with recording, summarizing, and analyzing financial information across all departments for decision making, directing, and controlling their resources and activities. Every activity or a decision in an organization has financial impact on different organizational level. Professionals and managers through any organization should have a certain level of familiarity with the basic accounting and financial concepts, so that they can use it for decision making and better manage and control their activities to support their organization goals.

Target Audience
Non-financial professionals who wish to gain understanding or refresh their knowledge of finance and accounting

Prerequisites
Basic knowledge of accounting and finance

Expected Duration (days)
3.0

Lesson Objectives
This course aims to introduce and familiarize non-financial professionals with basic accounting and financial concepts. You will be introduced to key finance and accounting terms and concepts such as the accounting equation; accrual-based accounting; financial risks and returns; and basic accounting principles.
This course also takes you through the steps in the accounting process and helps you recognize how business transactions affect various financial statements and the bottom-line of your business.

Principles of Accounting and Finance for Non-financial Professionals

  • recall the basic accounting equation
  • identify the key differences between cash and accrual based accounting
  • match phases of the accounting process with actions that are performed at each phase
  • match each basic accounting principle to its description
  • recognize how a business transaction affects a financial statement in given examples
  • identify four types of financial risks

Course Code:
FNV2_01_EN_T

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