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Finance and Accounting Basics for Nonfinancial Executives
Learn best practices for financial and accounting decisions in businessPreview the first lesson free — get full access to all 7 lessons.
Advanced Provider : Raymond Juidici 7 Lessons · 19m in Arabic, German, English, Spanish, French, Portuguese, Chinese
Course Description
Financial knowledge is vital to an executive’s role in a business, but the systems within a business can be extremely complex. Without a strong foundation of financial analytics, it can be difficult to interpret, report, or even understand a business’s financial standing. A lack of understanding can impede your ability to make educated decisions. By understanding where the data comes from and how accounting operates, you can manage your business with greater efficiency and interpret business systems more accurately.
In this Finance and Accounting Basics for Nonfinancial Executives course, you will learn the basics of financial and accounting decisions, as well as the important assumptions and constraints within financial statements. You’ll also learn the ins and outs of the accounting equation, including its relation to transactions and the income statement. You’ll discover how FinTech is used in business markets, the challenges it may create, and how it can lead to better business solutions.
What You'll Learn
- Understand the basics of financial and accounting decisions for nonfinancial executives
- Examine the accounting equation and its relation to transactions and the income statement
- Explore the challenges and benefits of FinTech in business markets
- Discover the assumptions and constraints within financial statements
- Interpret a business's financial standing using a foundation of financial analytics
Key Takeaways
- Financial knowledge is vital to an executive's role, but business systems can be extremely complex.
- Without a strong foundation of financial analytics, it can be difficult to interpret, report, or understand a business's financial standing.
- Understanding where data comes from and how accounting operates lets you manage a business with greater efficiency and interpret business systems more accurately.
- The accounting equation relates to transactions and the income statement.
- FinTech is used in business markets and can create challenges as well as lead to better business solutions.
Frequently Asked Questions
Who is this course for?
It is designed for nonfinancial executives who need a foundation in finance and accounting to interpret, report, and understand a business's financial standing and make educated decisions.
What topics does the course cover?
The course covers the basics of financial and accounting decisions, the assumptions and constraints within financial statements, the accounting equation and its relation to transactions and the income statement, and how FinTech is used in business markets along with its challenges and benefits.
What skills will I gain from this course?
You will build skills in basic accounting functions, basic accounting principles, finance, financial accounting, and financial analysis.
What lessons are included?
Lessons include an Introduction, Introduction to Financial Accounting for Executives, Finance and Accounting Assumptions, Finance and Accounting Constraints, The Accounting Equation, FinTech for Nonfinancial Executives, and a Test Your Knowledge assessment.
