Basics of Business Finance

DESCRIPTION

Finance is the lifeline for any organization. Irrespective of your role, department or business function within the company, the basic understanding of finance is required to communicate effectively with key stakeholders. Non-finance professionals working across various business functions like Sale, Marketing, HR, Production, Operations etc. need to know the financial implications of their operating and strategic decisions taken in their job role. As you progress in your career, working knowledge of key financial concepts will enable you to make critical decisions especially with regard to financial statements, budgeting, new investment decisions and other business strategies for growth. The idea behind this test module is to help you assess your current understanding of key financial concepts.

Who should attempt this Test?

• Non-finance working professionals across various business functions like Sale, Marketing, HR, Production, Operations etc.
• Managers / Senior managers, mid-level executives in non-finance role who need financial skills to make critical business decisions involving cost savings, budgets, new projects, growth strategies, etc.
• Employees working in risk management function.
• Employees working for vendor/customer evaluation.
• Students who wish to assess their understanding of financial statements, ratios, costing and budgeting.

What do we offer?

• 300 multiple choice-based questions.
• Questions designed in such a way that they just don’t test knowledge, but also assess your analytical ability.
• Easy explanations provided for questions, wherever applicable.
• Validity of 30 days.
• Multiple attempts.
• Complete analysis of Test performance

What are the topics covered in this Test module?

• Basics of Financial Accounting.
• Key Terminologies used in Finance and Accounts.
• Understanding of Financial Statements i.e., Balance Sheet, Profit/Loss Statement and Cashflow Statement.
• Interpretation of Financial Statements with Ratio Analysis.
• Cost Classification, Analysis and Management.
• CVP and Marginal Costing for decision-making
• Basics of Budget, and Budgetary Control.
• Time value of Money and Project Evaluation