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FutureLearn

Fundamentals of Finance for Non-Finance Backgrounds

INCEIF University via FutureLearn

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Overview

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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.

Syllabus

  • Fundamentals of Accounting and Financial Reporting
    • What is Accounting?
    • Financial Statements
    • Who Uses Accounting Information?
    • Summary
  • Overview of Financial Reporting
    • Accounting Conceptual Framework
    • Scenario 1
    • Accounting Equations
  • Sequence of Preparation of Financial Statements and Their Relationship
    • Steps to Prepare a Financial Statement
    • Statement of Financial Position
    • Statement of Comprehensive Income
    • Statement of Changes in Equity
    • Statement of Cash Flows
  • Presentation of Statement of Financial Position, Income Statement and Cash Flow Statement
    • Accounting Assumptions, Principles and Concepts
    • Financial Reporting Environment
    • What's Next?

Taught by

Zulkarnain Muhamad Sori

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