This self-paced online certificate program introduces non-financial managers to the essentials of finance. Learners will become conversant in critical financial terminology and learn how to calculate key financial management indicators. Learners also will acquire skills to assess their organization's financial health by reviewing balance sheets, income statements, and statements of cash flow, and will discover how finance and accounting tools can be used to support informed decision making within organizations.
This certificate program consists of the following six self-paced courses:
Financial Planning and Control: Explains finance concepts to non-financial managers and considers tools for decision-making such as cost benefit analysis, break even analysis and Balanced Scorecard.
How to Read a Financial Statement: Explains the fundamentals and importance of the income statement, balance sheet and statement of cash flows, as well as how they can be used to manage a business.
Introduction to Business Statistics: Explains statistical techniques and graphical representations of data that stakeholders expect when reviewing results of statistical analysis.
Introduction to Finance: Explains the responsibilities of financial managers, roles of finance in a typical business organization and relevant financial markets of interest to financial managers.
Time Value of Money and Risk: Reviews time value of money (TVM) principles, risk and return, and basic TVM techniques used in evaluating financial decisions and cash flow implications.
Understanding and Managing Budgets: Reviews how budgets are used in organizational settings including the uses and functions of master budgets, operating budgets, sales, production and cost of goods sold budgets, and cash budgets.
Financial Planning and Control: Explains finance concepts to non-financial managers, and considers tools for decision-making such as cost benefit analysis, break even analysis, and Balanced Scorecard. The course also teaches the basic finance concepts such as return on investment (ROI), fixed and variable costs, and payback period.
Each course offers an assortment of interactive exercises, videos, selected readings, case studies and self-assessments. Students can expect to spend three to four hours in each course. Each course has an “Ask the Expert” feature, which submits your questions directly to an expert in the field you are studying. Questions are answered as quickly as possible (usually within 24 hours).
Participants must achieve average test scores of at least 70% to meet certificate completion requirements, and they will have three attempts at all graded assessments. Students will have one year to complete the certificate.
This program does not have any prerequisites or require additional purchases of supplementary materials. Participation in the program requires high-speed internet access and a valid email address.