Fundamentals of Finance for Non-Finance Backgrounds

Posted 16 days 23 hours ago by INCEIF

Study Method : Online
Duration : 4 weeks
Subject : Business
Overview
Scale up from beginner to financially savvy with essential business skills in financial reporting and statements with INCEIF.
Course Description

Master essential financial concepts without a finance background

In today’s business landscape, financial acumen is essential for those at management roles, though not everyone needs a finance background to land these positions.

On this four-week course from the INCEIF University, you’ll gain a solid understanding of financial principles to excel as a manager in any industry.

By mastering these critical financial skills, you’ll position yourself as a versatile manager, capable of making informed decisions and contributing effectively to strategic initiatives.

Grasp accounting principles and financial reporting

Begin this course by learning the basics behind one of business’s most crucial arms: accounting and finance.

You’ll be introduced to the core principles of financial accounting, gaining a clear understanding of how financial statements are prepared and what they reveal about an organisation’s financial health.

Understanding the presentation of financial statements that adhere to reporting standards

You’ll learn step-by-step the structure of Statements of Financial Position, Income Statements, and Cash Flow Statements.

Beyond the technical aspects of preparing these statements, you’ll also learn how these documents interrelate to provide a comprehensive view of an organisation’s financial affairs.

This knowledge will equip you with the skills to effectively interpret and analyse financial statements, enabling you to perform insightful financial analysis that drives informed economic decision-making. A more comprehensive version can be delivered through webinar training upon request.

Designed for professionals without finance backgrounds, this course equips you with essential finance skills to enhance your leadership and decision-making. No prior knowledge is required; everything you need to know will be covered in the course itself.

Requirements

Designed for professionals without finance backgrounds, this course equips you with essential finance skills to enhance your leadership and decision-making. No prior knowledge is required; everything you need to know will be covered in the course itself.

Career Path
  • Interpret financial statements to assess the financial health and performance of an organization.
  • Apply financial evaluation techniques to assess investment projects and make informed decisions regarding capital allocation.
  • Create, monitor, and manage budgets effectively to support organizational goals and objectives.
  • Investigate the role of financial markets in investment decision-making and portfolio management.
  • Develop strategies to mitigate risks effectively, ensuring financial sustainability and success.