Finance Crash Course: The Prerequisite for Excellence

Financial literacy is the prowess or skill to decode the nuances involving investments, insurance, budgeting, financial planning, managing debts or the profitable savings mechanisms. Financial literacy cannot be ignored as it helps one in making sound and informed financial decisions. It affects every class in the socioeconomic parlance. The lack of apt financial literacy is like diving into an ocean, without knowing the art of swimming. With the globalization and digitalization of economics, it has gained more importance than ever before. Considering the importance of financial literacy, one should try to learn about it as soon as possible. Specially, if someone is heading towards a partnership company or thinking to invest in stock exchanges or is related to corporate world, then the education of financial literacy is definitely needed.

LBTC has designed a finance crash course divided in two levels to make one aware of everything related to Company finance and company accounts. This accounting crash course is specially curated for all those individuals who are willing to analyze the impact of decisions made regarding various financial issues. It would also help the individuals to examine and scrutinize every question involving any business terminology. When one sets the foot in the huge corporate world, one might feel lost and abandoned if he/she isn’t aware of the financing and accounting principles. An informed appreciation of all such business related issues and data is important for anyone to succeed. One might be surprised to know that it is beneficial for the non-accounting staff too, if the person wants to get the hold of practical aspects related to fundamental theories of financial accounting. Thus, the financial literacy training is significant and of paramount importance for anyone, directly or indirectly involved with the corporate world.

This accounting crash course will enable one to get the basics right and also surge in the complex corporate structure like a boss. After the completion of this finance crash course one would be well aware of all the basic terms related to daily business transactions, one would also develop the proficiency to segregate the profit and profit margin from the cash liquidity. Assets and liabilities form the most crucial part of any business initiative, this financial literacy training will help one understand these things and also help one use the minimum resources in to gain maximum. The critical role of financial statements cannot be ignored in any business work; this accounting crash course targets that as well. The final adjusted statement of profit and loss should be made with great caution and care, making it further relevant to get enrolled in the course.

Many a times, it gets difficult to understand that why the non-current assets need to be depreciated. The straight-line and reducing balance methods are too complex to understand. This finance crash course aims to be the one stop solution for all these complexities. So, don’t delay and start learning all about financial literacy to excel in the ever-evolving corporate world, like never before.

Rohit Chandiramani is the CEO of London Business Training & Consulting. Having completed his MBA, not only is Rohit a student of Business and Management, but through his firm has also facilitated the delivery of the subject matter to hundreds of lear