Basic Accounting Concepts for Non-financial Professionals
Everyone
- 9 videos | 25m 24s
- Includes Assessment
- Earns a Badge
- PMI PDU
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.
WHAT YOU WILL LEARN
-
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
IN THIS COURSE
-
41sIn this course, you'll learn about basic accounting concepts and principles and walk through the four-step accounting process. You'll also learn the fundamental principles of cash flow management and cover the four types of financial risk. FREE ACCESS
-
3m 21s
-
3. Cash-based and Accrual-based Accounting3m 4sIn this video, you'll learn about the two basic accounting types – cash-based and accrual-based. FREE ACCESS
-
4. Understanding the Accounting Process3m 15sDuring this video, you will discover how to match financial activities to the appropriate phase of the accounting process. FREE ACCESS
-
5. Basic Accounting Principles3m 9sAccounting procedures and standards are subjective. What we mean by that, is it's up to you to decide which approach works best for your business. But to start, you need to understand the underlying principles that help shape the various accounting methods. FREE ACCESS
-
6. Cash Flow Principles3m 10sDiscover how to classify examples of cash flow as operating, investing, or financing activities. FREE ACCESS
-
7. The Impact of Economic Float on Cash Flow3m 5sBusinesses usually have large amounts of funds in float. As useful as it may be, it can have a negative effect on cash flow if you don't use it correctly. In this video, you'll learn how to optimize your cash flow by removing excess float. FREE ACCESS
-
8. Working with Capital to Increase Cash Flow3m 1sIn this video, you will learn how to recognize the effect an increase or decrease in working capital has on cash flow. FREE ACCESS
-
9. Negating Financial Risk Like a Pro2m 37sThere are several types of risk to consider when making financial decisions. In this video, you'll learn about the different kinds of risk and how to evaluate them. FREE ACCESS
EARN A DIGITAL BADGE WHEN YOU COMPLETE THIS COURSE
Skillsoft is providing you the opportunity to earn a digital badge upon successful completion on some of our courses, which can be shared on any social network or business platform.
Digital badges are yours to keep, forever.
