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Updated in [October 07th, 2023]

What does this course tell?
(Please note that the following overview content is from the original platform)
This training program is designed for people who do not possess any background knowledge of Financials and Budgeting and would like to have a basic understanding of budgets and financial reports so they can hold relevant discussions and render decisions based on financial data This course will define key terms like ROI EBIT GAAP etc it will also provide understanding of financial statements budgets forecasting techniques purchasing decisions and laws that regulate the handling and dissemination of financial information

We considered the value of this course from many aspects, and finally summarized it for you from two aspects: skills and knowledge, and the people who benefit from it:
(Please note that our content is optimized through artificial intelligence tools and carefully reviewed by our editorial staff.)
What skills and knowledge will you acquire during this course?
During this course, participants will acquire the following skills and knowledge:
1. Understanding of key financial terms: Participants will learn the definitions and meanings of important financial terms such as ROI (Return on Investment), EBIT (Earnings Before Interest and Taxes), and GAAP (Generally Accepted Accounting Principles).
2. Knowledge of financial statements: Participants will gain an understanding of financial statements, including the income statement, balance sheet, and cash flow statement. They will learn how to interpret these statements and analyze financial performance.
3. Budgeting skills: Participants will learn the basics of budgeting, including how to create and manage budgets. They will understand the importance of budgeting in financial planning and decision-making.
4. Forecasting techniques: Participants will acquire knowledge of forecasting techniques used in financial planning. They will learn how to use historical data and other factors to predict future financial outcomes.
5. Purchasing decisions: Participants will learn how financial information can be used to make informed purchasing decisions. They will understand the financial implications of different purchasing options and how to evaluate the cost-effectiveness of these decisions.
6. Understanding of financial regulations: Participants will gain knowledge of the laws and regulations that govern the handling and dissemination of financial information. They will understand the importance of compliance and ethical considerations in financial reporting.
Who will benefit from this course?
This course will benefit individuals from various backgrounds and professions who do not have prior knowledge of finance and budgeting. Specifically, it will be helpful for:
1. Small business owners and entrepreneurs: They can gain a basic understanding of financial statements, budgets, and forecasting techniques, enabling them to make informed decisions about their business finances.
2. Managers and supervisors: By learning about financial reports and budgets, they can better analyze the financial health of their department or organization, make effective purchasing decisions, and contribute to strategic planning.
3. Non-financial professionals: Individuals working in non-finance roles, such as marketing, operations, or human resources, can benefit from this course as it will provide them with the necessary knowledge to understand financial terms and reports, facilitating better collaboration and decision-making within cross-functional teams.
4. Students and recent graduates: This course can serve as a foundation for those pursuing careers in finance, accounting, or related fields. It will provide them with a basic understanding of financial concepts and terminology, giving them a head start in their professional journey.
5. Individuals seeking personal financial management skills: This course can help individuals in managing their personal finances, understanding financial statements, and making informed decisions about investments, loans, and budgeting.

Course Syllabus

Introduction and Course Overview

Introduction to Finance and Budgets

Basic Terminology - Key Financial Terms

Double Entry Accounting

Understanding Financial Statements

Analyzing Financial Statements - Ratio Analysis Part I

Analyzing Financial Statements - Ratio Analysis Part II

Understanding Budget and Forecasting

Purchasing Decisons

Financial Acts And Regulations

Quiz

Wrap Up