Business Finance Basics for non-finance professionals

Course Content 

1.    An Introduction to Business Finance

  • Sources of funds

  • Uses of funds

  • Working capital

2.    Understanding the Statement of Financial Position

  • The statement of financial position

  • Calculating depreciation

3.    Understanding the Income Statement (Statement of Profit and Loss)

  • The income statement

  • Accruals

  • Prepayments

  • Bad and doubtful debts

 

4.    Understanding Accounting Concepts

  • The accruals basis

  • Going concern

  • Other accounting concepts

  • Dual effect

  • Balancing the accounts

  • Practicing dual effect

5.    Using Financial Statements to Understand Profitability

  • Calculating profit martins

  • Calculating profitability return ratios

  • Analysing ratios

6.    Using Financial Statements to Understand Liquidity, Efficiency and Financial Risk

  • Calculating liquidity ratios

  • Explains efficiency ratios

  • Calculating financial risk ratios

 

Course Details

  • CPD Credit Value 5
  • Course Format eLearning
  • Course Duration 5 hours
  • Provided By Institute of the Motor Industry

What do I receive?

Overview

AAT Business Finance Basics for Non-finance Professionals e-learning course introduces key financial concepts for non-finance professionals.

There’s only so far you can go in your career before you have to deal with business finances in some way. For non-finance professionals this can be an uncomfortable experience if you’re not equipped with basic finance knowledge. 

Learning outcomes:

  • Gain a rounded overview of the finance function, including the steps organisations follow to monitor and manage their financial health.
  • Understand key financial statements and accounting concepts that are used in business so you can bring this thinking into your role and work more effectively in the business environment.

Length of Study: 3-5 hours

Certificate of Completion 

CPD Credits

CPD Type Eligibility Credits
Professional Register 5
TechSafe N/A N/A

Who is this for?

  • Business owners who want to improve their financial acumen.
  • Non-financial professionals seeking to understand financial planning and management.
  • Individuals looking to upskill in the fundamentals of finance.

 

The IMI have partnered with AAT - Association of Accounting Technicians who provides this course content 

£49.99 + VAT Members*
£49.99 + VAT Non-Member
*Displayed price may not be available to all IMI members. Add to your basket to see your Membership saving.

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