Basic Accounting Concepts for Non-financial Professionals

Everyone
  • 9 videos | 25m 24s
  • Includes Assessment
  • Earns a Badge
  • Certification PMI PDU
Rating 4.3 of 2067 users Rating 4.3 of 2067 users (2067)
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

  • 41s
    In 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
  • Locked
    3.  Cash-based and Accrual-based Accounting
    3m 4s
    In this video, you'll learn about the two basic accounting types – cash-based and accrual-based. FREE ACCESS
  • Locked
    4.  Understanding the Accounting Process
    3m 15s
    During this video, you will discover how to match financial activities to the appropriate phase of the accounting process. FREE ACCESS
  • Locked
    5.  Basic Accounting Principles
    3m 9s
    Accounting 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
  • Locked
    6.  Cash Flow Principles
    3m 10s
    Discover how to classify examples of cash flow as operating, investing, or financing activities. FREE ACCESS
  • Locked
    7.  The Impact of Economic Float on Cash Flow
    3m 5s
    Businesses 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
  • Locked
    8.  Working with Capital to Increase Cash Flow
    3m 1s
    In this video, you will learn how to recognize the effect an increase or decrease in working capital has on cash flow. FREE ACCESS
  • Locked
    9.  Negating Financial Risk Like a Pro
    2m 37s
    There 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.

YOU MIGHT ALSO LIKE

Rating 4.0 of 1 users Rating 4.0 of 1 users (1)
Rating 4.1 of 10 users Rating 4.1 of 10 users (10)

PEOPLE WHO VIEWED THIS ALSO VIEWED THESE

Rating 4.3 of 747 users Rating 4.3 of 747 users (747)
Rating 4.3 of 1043 users Rating 4.3 of 1043 users (1043)
Rating 4.5 of 712 users Rating 4.5 of 712 users (712)