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Struggling to work out the difference between ROI, ROA, ROE and ROCE? Don’t worry, you’re far from alone. From CAPEX and IRR to EPS and FCF, the world of business finance is packed with unusual terms, complex equations and confusing acronyms.

Our Finance Academy explains and defines the most widely used business finance terms, from phrases and acronyms you might find in a company’s quarterly report to unusual terms used by traders, investors and entrepreneurs alike.

For each term covered in our finance academy, we’ve included a complete definition to help you use it with confidence in written documents and live conversation. We’ve also included a variety of examples of each term, acronym and phrase in action.

Need help understanding a financial formula? We’ve also included example equations using the most important formulas to help you build and run your business, from operating profit and total return on investment to cash flow, return on capital employed and more.

We’ve even explained many of the subtle but important differences between finance terms that can seem similar, from operating profit versus net profit to the myriad differences between cash flow and fund flow.

In short, you'll find a one-stop shop for all of your business finance questions, designed to help you become a more informed, educated, effective and successful entrepreneur or investor. 

Using our Finance Academy is simple. To get started, click on any of the categories below and you’ll be taken straight to our most popular content. You can also go directly to our top business finance guides by using the “recommended” section below.

Searching for fast, flexible business funding solutions? Our range of services includes versatile funding options for businesses of all types, from retailers to pubs, restaurants, dental practices and more.