Finance for Non-Finance Professionals

What you'll learn

• Explain what the income statement, balance sheet and cash flow statement each answer, and which one to look at for a given question
• Distinguish profit from cash, and explain how a profitable operation can still run out of money
• Classify spend as operating or capital expenditure, and describe how fixed, variable, direct and indirect costs behave as activity changes
• Investigate a budget variance, label it favourable or adverse, and explain it honestly with its full-year impact
• Apply payback, net present value and internal rate of return as concepts, and test the sensitivities that decide the answer
• Build a business case on total cost of ownership over the asset life and route it through the correct approval limit

Curriculum

Progress through each competency level in order.