Finance for Non Finance - advance course

Dive deeper into finance for non-finance professionals with this comprehensive second part! We take a practical journey, starting from business idea conceptualization all the way through to closing the books and generating essential financial statements.

This course provides a detailed understanding of core business processes, covering the Procure to Pay (P2P) and Order to Cash (O2C) cycles. You'll learn to create all the necessary accounting entries that reflect the flow of a typical business.

Designed for clarity and practical application, this course builds upon foundational knowledge, offering a more in-depth look at business finance without overwhelming complexity. It's perfect for anyone looking to understand the financial health of a business.

Here's what you'll learn:

• Business Idea to Launch: Learn how to conceptualize and develop a viable business idea.
• Purchase & Sales Cycle: A concise overview of the two main cycles driving business operations.
• In-Depth Purchase Cycle: Explore the purchase cycle in detail, with practical accounting entries demonstrating implementation within an ERP system. Understand how to manage vendor relationships and control costs.
• In-Depth Sales Cycle: Master the Order to Sell cycle and discover effective inventory management techniques.
• Monthly Expenses & Accounting: Learn to track and account for common monthly business expenses.
• Financial Reporting: Conclude by creating a Trial Balance and generating key financial statements to assess business performance.

Gain a solid foundation in financial management and confidently interpret business financials. This course equips you with the skills to understand how a business operates financially, from day-to-day transactions to overall performance analysis.