YoVDO

Finance for Non-Financial Managers

Offered By: LinkedIn Learning

Tags

Financial Management Courses Finance Courses Accounting Courses Balance Sheets Courses Income Statements Courses Cash Flow Statements Courses Financial Statements Courses

Course Description

Overview

Get a basic understanding of financial management, sufficient to interpret reports, draft budgets, cost products, and make informed financial decisions.

Syllabus

Introduction
  • How to make wiser business decisions
  • Don't fear the numbers
1. Finance and Accounting Basics
  • The purpose of finance
  • Entrepreneurs, investors, and facilitators
  • What is accounting?
2. Most Common Financial Reports
  • Overview of the financial statements
  • What to look for in a balance sheet
  • Overview of the income statement
  • Interpreting the statement of cash flows
3. Techniques for Using Financial Reports
  • What is financial ratio analysis?
  • Calculating return on equity
  • A deeper look at the DuPont framework's three components
  • The DuPont framework: Ford and General Motors
  • What is the next step in the analysis?
4. Short-Term Financial Management
  • Managing cash through the operating cycle
  • Strategies for cash management
  • Managing receivables and inventory
5. Costing a Product or Service
  • Considering all of your costs: Fixed, variable, and the contribution margin
  • How to calculate your break-even point
6. Creating a Budget
  • Drafting a budget
  • Review of the budgeting steps
7. Income Tax Basics
  • Understanding income taxes
  • Tax brackets
  • Tax deductions and tax credits
Conclusion
  • Next steps

Taught by

Jim Stice and Kay Stice

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