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University of Cambridge - Professional and Continuing Education

The course also introduces you to Excel-based financial modelling, teaching clear principles of structure, workflow, visualization, and commentary that apply to any platform. You will develop the confidence to interpret and report against budgets, master the core responsibilities of budget owners, and apply essential quantitative skills such as solving financial equations, working with compound growth, and avoiding common errors.

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The course also introduces you to Excel-based financial modelling, teaching clear principles of structure, workflow, visualization, and commentary that apply to any platform. You will develop the confidence to interpret and report against budgets, master the core responsibilities of budget owners, and apply essential quantitative skills such as solving financial equations, working with compound growth, and avoiding common errors.

By the end of the course, you’ll be able to engage effectively with finance specialists and decision-makers, bringing financial insight to your role and supporting stronger, evidence-based business outcomes. This unique combination of practical finance, modelling, and quantitative tools makes the course invaluable for professionals seeking to strengthen their financial leadership.

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What's inside

Syllabus

Finance and accounting
Every business activity depends on finance and impacts it in return. This module introduces the essentials of financial control and reporting, explaining how organisations secure and use funds from investors, manage solvency and liquidity, and forecast cash flows to stay sustainable. You’ll also explore the role of accounting in recording, reporting, and communicating financial information, equipping you to support finance colleagues and contribute to informed decision-making across sectors.
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Career center

Learners who complete Finance for Non-finance Professionals will develop knowledge and skills that may be useful to these careers:
Entrepreneur
An Entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards, demanding comprehensive financial literacy. This course is an invaluable foundation for an Entrepreneur, providing the "essential skills to understand, apply, and discuss financial concepts" critical for launching and scaling a venture. Learners will gain practical knowledge of "accounting fundamentals," how organizations "secure and use funds from investors," and how to manage "solvency and liquidity" while "forecasting cash flows to stay sustainable." The ability to create "budgets and investment proposals," estimate costs and benefits, and apply "discounted cash flow techniques" is crucial for attracting funding and making sound strategic decisions. Moreover, "Excel-based financial modeling" empowers an Entrepreneur to build robust financial plans, conduct scenario analysis, and effectively communicate financial insights to stakeholders, enhancing business planning and financial leadership.
Project Manager
A Project Manager is responsible for planning, executing, and closing projects, often overseeing budgets, resources, and timelines to ensure successful delivery. This course is exceptionally well-suited for a Project Manager, as it directly addresses crucial skills such as developing and presenting "expenditure proposals," managing "budgets," and ensuring projects are "approved and delivered on track." Learners will gain practical knowledge in estimating costs and benefits, accounting for timing and risk, and applying tools like "payback periods" and "discounted cash flow techniques" to validate project value. The emphasis on "reporting against budgets" and analyzing "budget variances" further strengthens a Project Manager's ability to maintain financial control. Additionally, "Excel-based financial modeling" for forecasting and "quantitative skills" for project evaluation are invaluable for making evidence-based decisions and communicating effectively with finance specialists. This course equips future Project Managers with the financial acumen to drive project success.
Consultant Business
A Business Consultant advises organizations on improving performance and efficiency, often by analyzing financial data and recommending strategic changes. This course perfectly aligns with the needs of a Business Consultant, providing the "essential skills to understand, apply, and discuss financial concepts" across diverse client scenarios. Learners will develop expertise in "Excel-based financial modeling," which is fundamental for creating structured, transparent calculations to support forecasting, stress testing, and scenario analysis for clients. The ability to prepare "evidence-based proposals" using tools like "discounted cash flow techniques" and "sensitivity analysis" is vital for justifying recommendations and building client credibility. Furthermore, mastering "quantitative skills" such as ratio analysis and DuPont analysis enables a Business Consultant to rigorously assess organizational performance and communicate financial insights with confidence and precision, driving stronger business outcomes.
Business Analyst
A Business Analyst is a critical bridge between business needs and technical solutions, often requiring deep analytical skills to improve processes and inform strategic decisions. This course is highly relevant for aspiring Business Analysts, as it cultivates the "essential skills to understand, apply, and discuss financial concepts" that underpin many business decisions. Learners will develop proficiency in "Excel-based financial modeling" for structured analysis, which is vital for forecasting, reporting, and decision-making. The module on "quantitative skills" – including solving financial equations and performing ratio analysis – directly enhances the data interpretation and analytical capabilities expected of a Business Analyst. By mastering how to create "evidence-based proposals" and engage "effectively with finance specialists," individuals can confidently support stronger, data-driven business outcomes and translate complex financial insights into actionable strategies.
Product Manager
A Product Manager oversees the entire lifecycle of a product, from conception to launch and iteration, often making critical decisions about investment, pricing, and market fit. This course is immensely valuable for a Product Manager, as it equips them to align product strategy with financial viability. Understanding "budgets and expenditure proposals" is crucial for justifying new product features or development initiatives. Learners will gain the ability to estimate costs and benefits, account for timing and risk, and use "discounted cash flow techniques" and "sensitivity analysis" to present compelling, evidence-based proposals that secure approval. The "Excel-based financial modeling" skills are directly applicable to forecasting product revenue and profitability, while "quantitative skills" support data-driven pricing and market analysis. This financial leadership empowers Product Managers to drive successful product outcomes.
Real Estate Developer
A Real Estate Developer manages projects from land acquisition to construction and sale, involving significant financial planning, risk assessment, and investment justification. This course is highly beneficial for a Real Estate Developer, as it comprehensively covers the financial skills required to succeed. Learners will gain expertise in creating "budgets and investment proposals," which are critical for securing financing and evaluating project viability. The course teaches how to estimate costs and benefits, account for timing and risk, and apply key tools such as "payback periods," "discounted cash flow techniques," and "sensitivity analysis" to align proposals with organizational goals. "Excel-based financial modeling" is an invaluable tool for forecasting project cash flows, conducting scenario analysis, and making informed decisions. This financial acumen allows a Real Estate Developer to navigate complex projects and support stronger, evidence-based business outcomes.
Portfolio Manager
A Portfolio Manager oversees a collection of programs or projects, ensuring they align with strategic objectives and deliver maximum value, often requiring robust financial oversight. This course is highly beneficial for a Portfolio Manager, equipping them with the "essential skills to understand, apply, and discuss financial concepts" crucial for prioritizing and evaluating initiatives. Learners will develop expertise in creating "budgets and investment proposals" for various projects within their portfolio, applying tools like "discounted cash flow techniques" and "sensitivity analysis" to assess their financial viability and strategic alignment. The ability to "interpret and report against budgets" and analyze "budget variances" across multiple projects allows for comprehensive financial control and informs timely resource allocation decisions. "Excel-based financial modeling" is invaluable for forecasting aggregated portfolio performance and conducting scenario analysis, strengthening financial leadership and ensuring evidence-based business outcomes.
Healthcare Administrator
A Healthcare Administrator manages the business operations of medical facilities, clinics, or entire health systems, requiring strong financial oversight and strategic planning. This course is highly relevant for a Healthcare Administrator, who often acts as a "budget owner" responsible for financial performance in a complex environment. Learners will acquire practical knowledge of "accounting fundamentals," understanding how organizations secure and use funds, and managing "solvency and liquidity" for sustainable operations. The ability to develop "budgets and investment proposals" for new services or equipment, estimating costs and benefits, and applying "discounted cash flow techniques" is essential for strategic decision-making. The course empowers administrators to analyze and explain "budget variances" and use "reforecasting techniques" to support timely decisions, bringing financial insight to their role and ensuring evidence-based business outcomes in healthcare. This role typically requires an advanced degree.
Operations Manager
An Operations Manager runs the daily functions of an organization, focusing on efficiency, productivity, and cost control across various departments. This course provides key financial insights for an Operations Manager, who is inherently a "budget owner" responsible for meeting operational goals while managing financial performance. Learners will develop core competencies in "interpreting and reporting against budgets," analyzing "budget variances," and applying "reforecasting techniques" to update financial expectations and support timely operational decisions. The practical knowledge of "accounting fundamentals" and "financial control" allows them to understand how operational activities impact finance and contribute to informed decision-decision making across sectors. This strengthens their ability to manage resources effectively, optimize processes, and communicate financial performance with credibility.
Marketing Manager
A Marketing Manager develops and implements strategies to promote products or services, requiring a keen understanding of budget allocation, return on investment, and campaign effectiveness. This course may be particularly helpful for a Marketing Manager, as it hones the "essential skills to understand, apply, and discuss financial concepts" within a marketing context. Learners will gain proficiency in creating "expenditure proposals" and managing "budgets," which is central to justifying marketing spend and demonstrating value. The module on "reporting against budgets" allows for precise analysis of campaign performance and financial outcomes, distinguishing between favorable and adverse results. Furthermore, "quantitative skills" such as solving financial equations and applying compound growth can be leveraged for calculating campaign ROI and forecasting future marketing investments, fostering stronger, evidence-based decision-making.
Research and Development Manager
A Research and Development Manager leads innovation, directing scientific or technical projects and managing the resources, including budgets, necessary for discovery and product development. This course is well-suited for a Research and Development Manager, equipping them with the financial acumen to justify and manage R&D investments effectively. Learners will develop proficiency in creating "budgets and expenditure proposals," which are critical for securing funding for new research initiatives and projects. The course teaches how to estimate costs and benefits, account for timing and risk, and apply tools like "discounted cash flow techniques" and "sensitivity analysis" to present clear, evidence-based proposals. The ability to "interpret and report against budgets" and analyze "budget variances" allows for robust financial oversight of R&D portfolios, supporting stronger, evidence-based business outcomes by aligning innovation with financial goals.
Data Analyst
A Data Analyst collects, processes, and performs statistical analyses on data to help organizations make better decisions. This course may be particularly helpful for a Data Analyst looking to specialize in financial data or enhance their business acumen. It provides foundational "quantitative skills" needed to "analyse and interpret financial data accurately," including setting up and solving financial equations, understanding compound growth, and applying these techniques in practical case studies like budgeting and forecasting. The emphasis on "Excel-based financial modelling," with its clear principles of structure, workflow, visualization, and commentary, is directly transferable to data analysis, enabling the creation of transparent and robust analytical tools. By developing the confidence to interpret and report against budgets and perform financial analyses, a Data Analyst can bring valuable financial insight to their role and contribute to evidence-based business outcomes.
Supply Chain Manager
A Supply Chain Manager oversees the entire process of product flow, from sourcing raw materials to delivery, with a constant focus on cost efficiency and optimization. This course may be useful for a Supply Chain Manager by providing "essential skills to understand, apply, and discuss financial concepts" that directly impact supply chain decisions. Learners will develop practical knowledge of "accounting fundamentals" and how to manage "budgets and expenditure proposals" within their operational scope. The ability to estimate costs and benefits and account for timing and risk is crucial for evaluating new suppliers or logistics solutions. Furthermore, "interpreting and reporting against budgets" helps in analyzing supply chain performance and identifying areas for cost savings. The focus on "quantitative skills" can enhance decision-making related to inventory management, logistics optimization, and assessing the financial impact of strategic supply chain initiatives.
Sustainability Manager
A Sustainability Manager develops and implements strategies to enhance an organization's environmental, social, and governance performance, often requiring financial justification for initiatives. This course may be helpful for a Sustainability Manager, as it provides the "essential skills to understand, apply, and discuss financial concepts" relevant to green investments and operational changes. Learners will learn to create "budgets and investment proposals" for sustainability projects, estimating costs and benefits, and accounting for timing and risk. Applying tools such as "discounted cash flow techniques" and "sensitivity analysis" allows for robust financial justification of these initiatives, aligning them with organizational goals. The ability to "interpret and report against budgets" and analyze variances will support transparent communication of financial performance related to sustainability efforts, contributing to stronger, evidence-based business outcomes and stakeholder engagement.
Corporate Trainer
A Corporate Trainer designs and delivers educational programs to employees, aiming to enhance skills, knowledge, and performance across various departments. This course may be useful for a Corporate Trainer, particularly one focused on developing financial literacy or business acumen within an organization. By mastering the "essential skills to understand, apply, and discuss financial concepts in the workplace," trainers can develop and deliver programs that empower non-finance professionals to engage effectively with financial information. The practical knowledge of "accounting fundamentals," "budgets," "expenditure proposals," and "interpreting and reporting against budgets" provides a robust framework for teaching financial responsibility and decision-making. Furthermore, understanding "Excel-based financial modeling" and "quantitative skills" enables trainers to demonstrate practical financial tools, ultimately helping employees bring financial insight to their roles and support stronger, evidence-based business outcomes.

Reading list

We've selected 50 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 Professionals.
Is widely considered a foundational text in financial modeling, often used in university settings. It provides a comprehensive overview of financial modeling principles and applications using Excel. It is highly valuable for building a solid understanding of core concepts and is an excellent reference tool.
Provides a rigorous treatment of quantitative models used in portfolio management. It covers topics such as asset allocation, risk optimization, and performance evaluation.
Classic textbook on security analysis. It provides a framework for evaluating the value of stocks and bonds. It is suitable for investors and analysts of all levels.
A more recent iteration of the comprehensive 'Bible' series, this book covers the features of Excel 2021. It serves as an excellent reference and learning tool for users who want a deep understanding of the software, from basic to advanced functionalities. It's suitable for a wide range of users.
This widely used reference guide for U.S. Generally Accepted Accounting Principles (GAAP). It provides detailed interpretations and applications of GAAP standards, making it an essential tool for accounting professionals working with U.S. reporting requirements. comprehensive reference tool for navigating the complexities of US GAAP.
Dives into contemporary Excel topics like Power Pivot and Power Query, which are crucial for handling and analyzing large datasets. It's a key resource for users looking to move beyond basic data analysis and leverage Excel's business intelligence capabilities. Recommended for intermediate to advanced users and professionals.
An updated edition of the classic, this book remains highly relevant for understanding aggressive accounting techniques and financial fraud. It provides updated examples and schemes, essential for anyone analyzing financial statements critically in today's environment. must-read for investors, auditors, and financial analysts.
Aswath Damodaran renowned expert in valuation, and this book comprehensive guide to various valuation models and techniques. It's an invaluable resource for anyone building financial models for valuation purposes, providing deep insights into the drivers of value.
Specifically targets financial modeling using Excel, a key application in finance and accounting. is essential for students and professionals in these fields who need to build and analyze financial models. It covers relevant formulas, functions, and best practices.
Integrates financial statement analysis with valuation techniques, demonstrating how to use financial reporting information to assess a company's performance and value. It is highly relevant for those in finance, investment, and accounting roles who need to analyze companies. This book is suitable for advanced undergraduate and graduate-level study and is often used as a textbook.
Comprehensive textbook on financial risk management. It covers a wide range of topics, including risk measurement, risk management techniques, and financial crises. It is suitable for students with a basic understanding of finance.
Delves into the ways companies can manipulate financial statements, providing valuable insights into detecting potential accounting gimmicks and fraud. It is crucial for developing a critical eye when analyzing financial reports and is highly relevant for both investors and accounting professionals. This book adds significant depth to understanding the nuances and potential pitfalls in financial reporting.
Classic guide to value investing. It provides a framework for evaluating stocks and making investment decisions. This book is helpful for anyone who wants to learn more about investing and make better investment decisions.
Provides a behind-the-scenes look at McKinsey & Company, one of the world's top consulting firms. It offers insights into the firm's problem-solving approach and how to develop the skills needed to be a successful business consultant.
Provides a comprehensive overview of the financial structures and risk management techniques used in infrastructure project finance. It valuable resource for professionals who are involved in the development and financing of infrastructure projects.
Provides an insider's perspective on the world of project finance. It must-read for anyone who wants to learn from one of the world's leading practitioners.
A focused guide on Power Query, a powerful tool for data extraction, transformation, and loading within Excel and Power BI. is crucial for anyone dealing with data from multiple sources and needing to clean and prepare it for analysis. It's a valuable resource for data professionals.
Provides a comprehensive overview of the financial services industry, including budgeting, lending, and investing. It valuable resource for individuals and organizations who want to stay up-to-date on the latest trends and developments in the financial services industry.
This McKinsey & Company classic focuses on valuation principles, which are integral to financial modeling. It provides a rigorous framework for valuing companies and understanding the drivers of value. It key resource for anyone involved in corporate finance and valuation.
Provides a comprehensive overview of corporate finance, covering topics such as capital budgeting, capital structure, and dividend policy. It is well-written and accessible to students with a basic understanding of finance.
Focuses on creating effective and advanced data visualizations using Excel, going beyond the default chart types. It's highly relevant to contemporary data analysis and communication. It provides step-by-step guides for creating various chart types and is valuable for users at all levels looking to improve their data storytelling.
Provides a comprehensive and practical guide to the auditing process. It is written by leading experts in the field and covers all aspects of auditing, from planning and risk assessment to reporting and fraud detection.
Provides a comprehensive overview of quantitative trading. It covers topics such as market microstructure, statistical arbitrage, and machine learning.
This guide provides a comprehensive overview of the legal issues involved in project finance. It valuable resource for lawyers, bankers, and other professionals who are involved in project development and financing.
A classic in the field of financial analysis, this book by the mentor of Warren Buffett provides timeless principles for interpreting financial statements. While older, the core concepts remain highly relevant for understanding a company's financial health. is considered a classic and provides foundational knowledge for financial statement analysis.
Addresses contemporary data analytics practices within Excel, focusing on modern techniques for cleaning, transforming, and analyzing data. It's highly relevant for those looking to update their skills and leverage Excel for more sophisticated data analysis tasks.
Provides a comprehensive guide to financial modeling in both corporate and project finance contexts. It includes case studies and practical exercises, making it valuable for those focusing on project finance modeling. It covers complex topics with a clear approach.
Dives deep into array formulas, a powerful technique for complex calculations in Excel. It's for users who want to deepen their understanding of advanced formulas and push the boundaries of what Excel can do. Recommended for intermediate to advanced users.
Focuses on the practical application of IFRS standards, providing detailed explanations and examples of how to apply specific standards. It useful resource for students and professionals who need to understand the practical implementation of IFRS. This book bridges the gap between theoretical knowledge of IFRS and its real-world application.
Ideal for beginners, this book provides a solid foundation in Excel basics with step-by-step guides. It covers a wide range of fundamental topics, making it a great starting point for those new to spreadsheets. While suitable for initial learning, it also touches upon more complex areas.
Focuses on applying Excel to solve business problems and analyze business data. It's a practical guide for students and professionals in business-related fields who need to use Excel for decision-making and analysis.
A focused guide on mastering Excel formulas and functions, which are fundamental to using Excel effectively. is helpful for users looking to deepen their understanding of how to perform calculations and manipulate data. Relevant for all levels beyond the absolute beginner.
Focuses on mastering financial modeling specifically within the Excel environment. It covers various techniques and best practices for building effective models. It valuable resource for those who rely heavily on Excel for their financial analysis.
A practical guide specifically focused on financial modeling for project finance. It covers the unique aspects of modeling for large-scale projects and funding strategies. It valuable resource for those working in project finance.
Offers a hands-on approach to learning Excel VBA, with step-by-step instructions and exercises designed for quick learning. It's suitable for users who want to rapidly acquire VBA skills for automation and enhancing their Excel capabilities.
Delves into the principles behind financial modeling, emphasizing data structure, layout optimization, and model auditing. It's a comprehensive resource for understanding the best practices in financial model development.
Combines financial analysis and modeling with the use of Excel and VBA. It's suitable for those who want to leverage the power of VBA for more advanced modeling and automation. It bridges the gap between theoretical concepts and practical implementation in Excel.

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