ACPM: Finance for non-financiers
This certification will help to understand basic financial concepts and the logic of making financial decisions in the company. It is suitable for professionals without financial and economic education, middle and senior managers, and business owners who need basic knowledge in this field.
The program allows one to learn what a company's financial cycle is, navigate different types of reporting, and analyze financial and non-financial indicators. And also master the professional vocabulary for communication with employees of the financial and economic divisions of the company.
Requirements for candidates
Completion of the program does not require prior training in the field of finance.
Training program
Topic
The concept of finance and its role in the work of the company.
- The concept of company property, capital, and the stage of its turnover.
- The results of the financial system and its representation in financial reporting.
Skills
- Understanding the essence and main tasks of economic activity.
Topic
Accounting as a basis for making financial management decisions:
- Assets, liabilities, and obligations are the balance sheet's main elements..
- Incomes and expenses of the company.
- Types of company activity and determination of financial result.
Skills
- Mastering the basic concepts of accounting.
Topic
.VAT
- Documentation of business transactions as the basis of accounting: requirement and organization of document flow.
Skills
- Acquaintance with the main types of documents and requirements for their execution.
- Ability to work with primary documents and accounting policies of the organization.
Topic
.- Stable efficiency of a balanced system of indicators.
- Principles and schemes of tariff formation and budgeting.
Skills
- The ability to calculate the price of services, calculation of their cost.
- Preparation and adherence to budgets.
Topic
.- The concept of break-even and planning the level of financial indicators.
Skills
- Calculation of the required volume of services to ensure profitability.
Topic
.- The procedure for the formation and analysis of the Statement of Financial Results (P&L): application of the accrual principle and the cash method.
Skills
- Comparison of income and expenses.
- Understanding what the financial result is. Procedure for paying income tax.
Topic
.Financial manager life hacks:
- EBIT indicators.
- Electronic document management.
Skills
- Analysis of business indicators.
- Use of electronic document management.
Topic
.- Integrated reporting: why should the annual report be prepared for the entire management of the company?
Skills
- Practical work with financial reporting and non-financial indicators.
- Publication of financial statements.
Skills after completing the program
As a result of preparation for the "ACPM: Finance for non-financiers" diploma exam, the candidate has the following knowledge and skills:
- Understanding what economic activity, finance, and financial relations are
- Mastery of basic concepts of accounting.
- Ability to work with primary documents and accounting policies of the organization.
- Acquaintance with the organization's main types of financial reports, as well as the factors affecting their indicators.
- Analysis of financial and non-financial indicators of accounting and management reporting.
- Understanding the financial result and how it is shown in financial statements.
- Effective work with the financial cycle of the company. Reducing the risk of cash gaps.
- Cost calculation and practical application of the break-even formula.
- Preparation and adherence to budgets.
- Calculation of solvency and profitability. Assessment of business activity.
- Communication with the accounting department and achieving the necessary goals in taxation.
Exam and diploma
Knowledge control takes place on an online exam. The official exam for the "ACPM: Business data analysis in finance" diploma is held monthly according to the schedule. Registration is required to participate in it.
The exam consists of a test and a practical part. The total duration of the exam is 2 hours. The passing score is 80 (maximum score - 100 points).
The exam is conducted by administrators, and the completed assignments are checked and graded by ACPM-accredited instructors.
The exam result is sent by email after 2-3 weeks. If a passing score is 80 or above, the ACPM International Diploma is sent electronically with the results.
More about ACPM diplomas