Fundamentals
Target audience
- Company founders
- Employee representatives
- Employee representatives on the Board of Directors
- All company personnel
0.5 day
With Tutoring
Online Training for Beginners in Finance
Prerequisites
No prior knowledge of accounting or finance is required.
Objectives
◗ Develop a culture of financial literacy.
◗ Gain an understanding of financial issues to become a credible point of contact within your company.
◗ Identify your own contribution to the company's financial performance.
Training program
◗ This guided e-learning course consists of 8 modules (ranging from 20 to 30 minutes), organized chronologically to facilitate a gradual understanding of financial terminology.
◗ Module 1 – The Business Model
– Explore the components of a business model and understand how the business model is affected by market changes.
◗ Module 2 – The Financial Cycle
– Understand the fundamental concepts of operating income and operating margin, financial profitability, asset turnover, and cash flow from operations.
◗ Module 3 – The Review
– Break down the components of the balance sheet and apply this knowledge through an engaging practical example.
◗ Module 4 – Revenue
– Understand revenue recognition upon progress or completion, and distinguish between recognized revenue, invoiced revenue, and collected revenue.
◗ Module 5 – The Income Statement
– Establish the link between results, cash flow, and performance monitoring; understand the intermediate levels of costs and margins.
◗ Module 6 – Cost of Goods Sold
– Analyze production costs and distinguish between costs allocated directly and costs allocated using allocation keys.
◗ Module 7 – Cash
– Understand the differences between cash inflows and outflows, measure the impact of operating activities on cash flow, and learn about free cash flow.
◗ Module 8 – The Decision to Invest
– Understand the concepts of return on investment and cost of capital. Learn about payback period, net present value, and internal rate of return.
◗ One-on-one remote tutoring session (1 hour)
Why choose this course?
Finance is a challenge for everyone in the company.
This 100% online training course enables non-finance professionals to acquire the vocabulary and basic concepts needed to understand a company’s financial challenges and communicate effectively with the finance department.
Teaching and assessment methods
This training is 100% online on the FinHarmony Digital platform. Its content is equivalent to 1 day's face-to-face training.
Linked by an engaging narrative, all modules are divided into several interactive segments to engage the learner. They include, in particular, a voice-over, instructional videos and animations, as well as segments titled “How does this apply to me?” and “Can I try this?”
Each module concludes with an assessment quiz to ensure that the key points have been understood.
Learners can spread their learning over the 3-month period. Modules are released as the learner progresses. Once completed, they can be used again and again until the end of the subscription period.
Technical and pedagogical support :
– At the end of the program, a mentoring session is scheduled with the instructor to discuss the learner’s professional context and review the key points of the training.
– A handout is available for download in each module to help you remember the key points.
– A glossary is always accessible from the menu. It can be downloaded at the end of the course.
A FinHarmony certificate is awarded when the learner completes the entire course.
Price
500 EXCLUDING VAT