Collections     Essentials     Finance Essentials

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Finance and accounting are at the heart of every business. Even if your role isn't directly related to finance, your activities may still have financial implications.
This course explains the basics of finance for non-finance professionals, and covers key accounting and finance essentials and concepts: the basic accounting equation, accrual-based accounting, and basic accounting principles. It explores business finance, including how business transactions affect financial statements and the bottom line. You'll walk through the four-step accounting process, and you'll learn the fundamental principles of cash flow management and the four types of financial risk.

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Objectives

Finance and Accounting Basics recall the basic accounting equation recognize the characteristics of cash- and accrual-based accounting match financial activities to the appropriate phase of the accounting process match each basic accounting principle to its description classify examples of cash flow as operating, investing, or financing activities recognize how to calculate the potential cash gain by reducing Economic Float recognize the effect an increase or decrease in working capital has on cash flow match each type of financial risk to a description