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Finance Fundamentals for Non-finance Individuals (Udemy.com)

Learn the essentials of financial accounting, management accounting, and investment appraisal.

Created by: Finance and Accounting Academy

Last updated January 2022

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What you will learn

  • What is the difference between bookkeeping, accounting, and finance.
  • Read and prepare financial statements: Income Statement, Balance Sheet, and Cash Flow Statement.
  • Management Accounting and Cost Classifications.
  • Break Even Analysis.
  • Pricing Methods and Strategies.
  • Investment Appraisal.
  • Payback Period and Discounted Payback Period.
  • Net Present Value (NPV).
  • Internal Rate of Return (IRR).

How it compares

Against the other 1,210 rated Udemy courses in Business on CourseDuck:

  • Rating4.2 out of 5higher than 9% of them
  • Reviews108#1,101 of 1,211 by number of reviews
  • Length2.4 hoursshorter than 57% of them
  • Last updatedJanuary 2022earlier than 83% of them

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Course Description

By the end of this course, students should be able to:

· Distinguish Between Bookkeeping, Accounting, And Finance.

· Read And Interpret The Three Main Financial Statements: Income Statement, Balance Sheet, And Cash Flow Statement. Define and understand different accounts in the statements. Calculate Gross Profit, Operating Profit, and Net Profit. Differentiate between current and non-current accounts. Define Assets, Liabilities, and Equity. Understand the three main sections in a cash flow statement: operating, investing, and financing activities.

· Classify Cost Based On Production And Behaviour. Distinguish between Fixed, Variable, Stepped Fixed, and Semi Variable costs. Differentiate between direct and indirect costs.

· Calculate And Interpret Contribution, Break Even Point, and Margin of Safety. Use the break-even analysis as a tool for making business decisions. Learn how to handle special orders with discounted prices.

· Understand pricing methods and strategies. Calculate price under Cost plus and Margin pricing methods. Define price skimming strategy and price penetration strategy.

· Understand “Time Value For Money” Concept, and Calculate And Interpret Present Value And Future Value. Calculate the Discount Factor (DF) for multiple years and interest rates. Utilise DF to calculate discounted future cash flows.

· Evaluate Investment Opportunities Using: Payback Period, Discounted Payback Period, Net Present Value (NPV), And Internal Rate Of Return Techniques (IRR).

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Instructor Details

Finance and Accounting Academy

Adnan currently work as a finance and accounting lecturer at Anglia Ruskin University London, UK.

Qualifications and Professional Certificates:

PhD in Finance, BrunelUniversity, London, UK

Chartered Global Management Accountant, CGMA, CIMA UK

Associate Chartered Management Accountant, ACMA, CIMA UK

International Expert In SME Finance, Frankfurt Business School

MBA in Finance and Banking

PGCE Mathematical Economics

BSc Economics

Experience:

22 years of industry experience

+1,000 hours teaching at UK universities

+300 workshops and training sessions developed and delivered

+750 SME consulted in finance and accounting

+100 courses designed, developed, and implemented

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Reviews

4.2

108 ratings on Udemy

Select a bar to show only those reviews.Select the bar again to show every rating.

By Udemy User on 7/1/2025

there were typos and the ai explanations are useless. They don't help you understand why one answer is right over another.

By Frances Garvey on 1/10/2025

This course is fine, not great. I already have some finance knowledge, but even though the course is intended for non-finance individuals there are various points in the lectures that don't quite make sense to me. The slides and quizzes are of average quality - I've seen a few typos.

By Shahrazad shahzaman on 5/3/2024

The course was adequately paced and very informative. I would recommend others to take this course to gain knowledge

By Ijaz Ahmad on 5/3/2024

The course was amazing; after watching all the lectures, I've gained valuable knowledge. Thank you for providing such an insightful learning experience.

By Badar Ridvan on 4/14/2024

Best course as a person who doesn't have an interest in finance but would like to pick key concepts and topics in short amount of time and take it in your life.

By Alihussain on 4/7/2024

understand finance is very important in life and that's a challenge for non finance individuals. Therefore, I grabbed this course hoping to learn financial things and I am 100% satisfied with the course. Highly recommend it

By Owolabi Afeez Kola on 9/30/2023

The course reflects its name perfectly. I feel confident talking about finance after taking the course.

By Vibhor Sharma on 8/1/2022

The course tells us about a few basic/very important concepts used in the Financial world. I did get a lot of insights and added to my knowledge. Points of Improvements: 1. Use of more Multimedia for explanation purposes 2. Giving Answers to the resources file exercises. Thank you for the course.

By Megha Manjunath on 3/18/2022

Being completely new to finance, I could understand mentioned topics well with the examples provided, instructor has done an amazing job in explaining. Taking 0.5 from rating only because I am not sure if he covered all points required for me to ramp up and some of the examples were hard to understand and calculate.

By Mahnoor on 5/9/2021

The course was so informative and i really enjoyed the course. Instructor tries best to explain accounting in easiest way and i learned many new terms so it was helpful for me. Thank you!

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Quality Score

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Overall Score : 84 / 100