Finance for Non Finance Managers

This microcredential presents the often-complex world of accounting and finance in a clear and useful manner. It is designed to equip professionals from a non-financial background with a practical understanding of accounting, finance and value creation and the application to common business situations. Learning Outcomes • Able to apply the language of accounting and finance to common business decisions • Describe the purpose of the Income Statement, Balance Sheet and Cash Flow Statement • Calculate Profit, Cash Flow and Return on Equity for a business • Define key financial statement line items and give examples of underlying transactions • Determine how specific business activities impact the financial statements • Use financial statements to identify performance questions and to interpret responses • Understand the role of budgeting and forecasting to help drive business performance Key Topics • Foundational accounting principles, including overview of financial accounting • In depth analysis of Income Statement, Balance Sheet and Cash Flow Statement • Application to a real company • How business transactions are reflected in the financial statements • Key links between the financial statements • Top 20 financial metrics • Using the DuPont identities to unpack the Relative Absolute Error metrics, and assess drivers of Return on Equity • Apply your understanding of financial statements to develop forecasts and budgets for a business • Defining ‘value’ and understanding how it is created or destroyed • Connecting execution and strategy through the language of finance, namely, risk and return • Cost of capital calculations (WACC - Weighted Average Cost of Capital) Activities • Case studies and Excel exercises • Case company practical work • Group case study work • Pre-work assignment • In class quizzes Volume of Learning • 1 hour pre-work case study • 12 hours face to face training