Finance for Non Finance Executives

Raja Natarajan, B.Com., PGDBA, FCA

Are you a Non Finance Executive struggling to understand Financial matters ? Are you interested in understanding accounting and financial matters revolving around Sales, Purchases, Asset Acquisitions, Fund raising, so you can take better decisions in your organisation? Are you aware that Ignorance in Finance Management will turn out to be a costly affair and business may not even exist to repent about it?

Then this course is for you - Finance for Non Finance Executives.

Why you should take this course?

Then this course is for you - Finance for Non Finance Executives.

Why you should take this course?

Every decision in an organization revolves around Finance.
If you are an entrepreneur, its crucial that you have knowledge of Financial Matters to manage your business effectively.
If you are head of a department like Production / Purchases / Sales, etc and if you aspire to grow in your hierarchy, financial knowledge is must.

What you will learn by taking this course?

By taking this course, you will be exposed to

Sec 1 - Why Finance for Non Finance Executives

Sec 2 - Financial Statements making process - uses and implications

Sec 3 -Financial Management Techniques for survival and growth

Sec 4 - Financial Analysis through Ratios

Sec 5 - Fund Flow Analysis for analysing Survival / Failure / Growth of Business

Sec 6 - Cash Flow Analysis - Like Oxygen Movement

Sec 7 - More about Accounting - Be clear on all accounting terms

Sec 8 - Management Accounting - Overview

Sec 9 - Balance Sheet Reading Skills - Why it is important?

Sec 10 - Time Value of Money - Money has time value?

Sec 11 - How Business financing decisions should be taken?

Sec 12 - How cost structure influences profit?

Sec 13 - Types of Financing

Sec 14 - Capital Structuring Decisions for your Business

Sec 15 - What is Break Even and why it is very crucial?

Sec 16 - Bank Loan for Business - related aspects.

Sec 17 - How Bank's appraise Term Loans

Sec 18 - Why Working Capital Management is Important?

Sec 19 - How to prepare Project Report for Bank Loans

Sec 20 - How Investment Decisions should be taken?

Sec 21 - Overview of Cost Accounting

Sec 22 - On Demand Videos for clarifying doubts

Sec 23 - Overview of Auditing

How this course is structured?

This course is structured in self paced learning style. Each and every section of this course is broken down as various micro lectures. This course is presented in simple language with examples. This course has video lectures (with writings on Black / Green Board / Note book / Talking head, etc).

What are the pre-requisites for taking this course?

You would require good internet connection for interruption free learning process - You can approach this course with fresh mind.

How this course will benefit you?

This course will open up the logic behind need for 'Effective Finance Management for Organizational Betterment'.

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What's inside

Learning objectives

Understand why accounts are prepared?
Understand what is financial management and how it is different from accounting?
Understand what are financial statements and how it is useful for decision making?

Understand why knowledge financial management is essential to grow up in the organisational chart?
Understand financial ratios and its implications in various decisions.
Understand what is working capital management

Understand why accounts are prepared?
Understand what is financial management and how it is different from accounting?
Understand what are financial statements and how it is useful for decision making?
Understand why knowledge financial management is essential to grow up in the organisational chart?
Understand financial ratios and its implications in various decisions.
Understand what is working capital management

Syllabus

WHY FINANCE FOR NON FINANCE EXECUTIVES?

Promo

In the section we are going to covered three topics :

1. Why everyone should know finance?

2. What is Accounting?

3. The difference between Accounting & Finance Management?

FINANCIAL STATEMENTS - MAKING PROCESS - USES - IMPLICATIONS

Financial statements are reports prepared by a company's management to present the financial performance and position at a point in time. A general-purpose set of financial statements usually includes a balance sheet, income statements, statement of owner's equity, and statement of cash flows.

Income Statement and Balance Sheet

5 Difference between Income, Liability, Expense and Assets

4 Financial Statement Making Process

Sources and Uses of Funds

Profit and Cash

Quiz about Financial Statements

FINANCIAL MANAGEMENT TECHNIQUES - FOR SURVIVAL AND GROWTH

Fundamentals of Finance Management

Cost of Capital Part 1

Cost of Capital Part 2

Liquidity Management

FINANCIAL ANALYSIS THROUGH RATIOS - WIDELY USED TOOL FOR UNDERSTANDING BUSINESS

Financial ratios are relationships determined from a company's financial information and used for comparison purposes. Examples include such often referred to measures as return on investment (ROI), return on assets (ROA), and debt-to-equity, to name just three.

Current Ratio

Quick Ratio

Absolute Liquid Ratio

Basic Defense Interval Ratio

Quiz on Liquidiy Ratios

Capital structure refers to the degree of long term financing of a business concern as in the form of debentures, preference share capital and equity share capital including reserves and surplus. There should be a proper mix between debt capital and equity capital.

Capital Structure Ratios (Debt Ratio)

Capital Structure RAtios (Debt to Equity Ratio)

Coverage Ratios (DSCR)

Interest Coverage Ratio

Preference Dividend Coverage Ratio

Capital Gearing Ratio

Activity Ratios

Capital Turnover Ratio

Fixed Assets Turnover Ratio

Total Assets Turnover Ratio

Working Capital Turnover Ratio

Inventory Turnover Ratio

Inventory Holding Level

Debtors Turnover Ratio

Average Collection Period

Creditors Turnover Ratio

Average Payment Period

General Profitability Ratios

Gross Profit

Operating Ratio

Operating Profit Ratio

Expense Ratios

Net Profit Ratio

Overall Profitability Ratios

Return on Assets

Return on Capital Employed

Return on Share Holders Funds

Return on Equity Share Holders Funds

Earnings Per Share

Cash Flow Earnings

Dividend Per Share

Dividend Pay Out Ratio

Dividend Yield Ratio

Illustration on Return on Equity Share holders Funds

Market Value Ratio

Earnings Yield Ratio

Price Earnings Ratio

Price to Cash Flow Ratio

Book Value to Market Value Per Share

FUND FLOW ANALYSIS - ANALYSES SURVIAL / FAILURE / GROWTH OF BUSINESS

Fund Flow Analsyis Introduction

Fund Flow Analysis Example

Uses of Fund Flow Statement

CASH FLOW ANALYSIS - IS LIKE OXYGEN MOVEMENT

Cash Flow-Introduction

Cash Flow- Activities

Cash Flow-Operating Activity

Cash Flow-Investing Activity

Cash Flow- Financing Activity

MORE ABOUT ACCOUNTING - BE CLEAR ON ALL ACCOUNTING TERMS

Need and Importance of Accounting

Book Keeping and objectives

Advantages of Book Keeping

Accounting and Objectives

Accounting Process

Accounting Cycle

Accountancy Accounting Book keeping

Relationship Between Accountancy, Accounting & Book Keeping

Difference Between Accounting & Book Keeping

Users of Accounting Information

Branches of Accounting

Transaction

Capital

Assets

Liabilities

Drawings

Debtors and Creditors

Purchase Sales and returns

Voucher and Invoice

Account

Double Entry System Introduction

Double Entry Features

Classification of Accounts

Eg for classification of accounts

Golden Rules of accounting

Introduction to Depreciation Accounting

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Finance for Non Finance Executives with these activities:

Review Basic Accounting Principles

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Strengthen your understanding of fundamental accounting concepts. This will provide a solid base for grasping the financial concepts discussed in the course.

Browse courses on Accounting Principles

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Review key accounting terms and definitions.
Practice basic journal entries and financial statement preparation.
Work through sample accounting problems.

Review 'Accounting for Dummies'

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Gain a foundational understanding of accounting principles. This book will help you better understand financial statements and terminology used in the course.

View Accounting All-in-One For Dummies (For Dummies... on Amazon

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Read the chapters on financial statements and key accounting concepts.
Work through the examples and practice problems.
Take notes on key takeaways.

Ratio Analysis Exercises

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Reinforce your understanding of financial ratios. This will enable you to better analyze a company's financial performance and make informed decisions.

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Gather financial statements from publicly traded companies.
Calculate key financial ratios such as liquidity, profitability, and solvency ratios.
Interpret the ratios and compare them to industry benchmarks.

Four other activities

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Create a Financial Glossary

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Solidify your understanding of financial terms. This will help you communicate effectively with finance professionals and understand financial reports.

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Compile a list of key financial terms from the course materials.
Write clear and concise definitions for each term.
Organize the terms alphabetically and share with peers.

Analyze a Company's Financial Health

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Apply your knowledge of financial analysis to a real-world scenario. This will help you develop critical thinking skills and make informed business decisions.

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Select a publicly traded company.
Gather the company's financial statements for the past three years.
Calculate key financial ratios and analyze trends.
Write a report summarizing the company's financial health and outlook.

Read 'Financial Intelligence for Entrepreneurs'

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Expand your understanding of financial management from an entrepreneurial perspective. This book will help you make informed financial decisions for your business.

View Financial Planning, Budgeting, and Forecasting:... on Amazon

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Read the book and take notes on key concepts.
Apply the concepts to your own business or a hypothetical scenario.
Discuss the book with other entrepreneurs or business professionals.

Explore Advanced Excel for Financial Analysis

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Enhance your financial analysis skills using Excel. This will allow you to perform more complex calculations and create insightful visualizations.

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Find online tutorials on advanced Excel functions for financial analysis.
Practice using functions like NPV, IRR, and XIRR.
Create financial models and dashboards using Excel.

Career center

Learners who complete Finance for Non Finance Executives will develop knowledge and skills that may be useful to these careers:

Reading list

We've selected two books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Finance for Non Finance Executives.

Accounting All-in-One For Dummies

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Provides a clear and concise overview of accounting principles. It is particularly helpful for non-finance professionals who need to understand the basics of financial statements and accounting terminology. It serves as a useful reference tool for understanding the fundamentals before diving into more complex financial analysis.

Accounting All-in-One For Dummies (For Dummies...

Paperback

Financial Planning, Budgeting, and Forecasting:...

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Is geared towards entrepreneurs and non-financial managers. It explains how to interpret financial statements and use financial data to make better business decisions. It is more valuable as additional reading to provide a broader perspective on financial management in an entrepreneurial context.

Financial Planning, Budgeting, and Forecasting:...

Kindle Edition

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