Business Finance Fundamentals

The essential language of business is financial and the success or failure of a business is measured in financial terms.

Research conducted all over the world has proved that non-financial people with a sound grasp of business finance make greater contributions to the performance and success of their business unit. They are more effective performers and more effective managers and leaders - which results in better performance and consequent benefits for the members of their teams. In short, the business benefits, and therefore everybody involved with the business benefits.

This course provides an effective way for every non-financial person in business to learn and understand business finance in an enjoyable and practical way.

Target market

This course is aimed at equipping non-financial people in business with the understanding they need to manage the financial aspects of their work more effectively. It is ideal for admin managers, HR managers, and all non-finance line managers.

Publication includes
  • Video clips introducing each section
  • Exercises after each section in the form of quizzes, multiple choice questions, and case studies.
Publication content

1. Introduction

2. Business Basics

  • The Purpose of Business
  • In Order to get started
  • Different forms of business registration

3. Financial Scorecards

  • The Income Statement
  • The Balance Sheet
  • Cash Flow Budgets/Forecasts

4. Interpretation and Analysis

  • Profitability Ratios
  • Liquidity Ratios
  • Efficiency Ratios
  • Leverage Ratios

5. Working Capital

  • Introduction
  • The Cash Conversion Cycle
  • Managing Working Captial
Outcomes

  • Understand the principles of business from a financial perspective
  • Interpret financial reports quickly and easily
  • Emerge with clear insights on areas of strength and weakness and determine the appropriate action required
  • Draw a financial plan for your business unit
  • Take an active part in financial discussions and decision-making
  • Apply and use key financial ratios to measure the performance of your business unit
  • Manage working capital effectively
CPD

20 Non-verifiable hours can be allocated based on the duration of this course.

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