Special offers now — see discounted courses.
day
:
hour
:
min
:
sec
See special offers
Finance for Non-Financial Managers (2015)

Finance for Non-Financial Managers (2015)

1h 23mIntermediate2019-12-20

Authors

Jim Stice

Jim Stice

Professor of Accounting at BYU

Kay Stice

Kay Stice

Professor of Accounting at the BYU Marriott School of Management

Course details

If you're looking to grow your career and take on greater responsibility within your organization, you'll need to demonstrate a basic understanding of financial management—even if you're not in a financial role. You don't have to be a numbers person! You just have to appreciate their role in business. In this course, accounting professor Jim Stice helps you develop the financial acumen necessary to interpret financial reports and make decisions based on available data, manage inventory and receivables, create an accurate budget, and cost a product or service. Plus, learn how to analyze your customers, understand your income taxes, and communicate your contribution to the bottom line.

Learning objectives
Describe how decision-makers use accounting in a business.
Recognize limitations in financial statement analysis.
Relate the purpose of financial ratio analysis.
Determine the primary reason for managing cash through the operating cycle.
Define the role of efficiency in creating budgets.
Identify differences between federal income tax and other taxes, such as state sales tax.

Skills covered

Corporate FinanceFinance and AccountingPersona

Concepts

0. Introduction

  • 01 - How to make wiser business decisions
  • 02 - Don't fear the numbers

1. Finance and Accounting Basics

  • 03 - The purpose of finance
  • 04 - Entrepreneurs, investors, and facilitators
  • 05 - What is accounting

2. Most Common Financial Reports

  • 06 - Overview of the financial statements
  • 07 - What to look for in a balance sheet
  • 08 - Overview of the income statement
  • 09 - Interpreting the statement of cash flows

3. Techniques for Using Financial Reports

  • 10 - What is financial ratio analysis
  • 11 - Calculating return on equity
  • 12 - A deeper look at the DuPont framework's three components
  • 13 - The DuPont framework - Ford and General Motors
  • 14 - What is the next step in the analysis

4. Short-Term Financial Management

  • 15 - Managing cash through the operating cycle
  • 16 - Strategies for cash management
  • 17 - Managing receivables and inventory

5. Costing a Product or Service

  • 18 - Considering all of your costs - Fixed, variable, and the contribution margin
  • 19 - How to calculate your break-even point

6. Creating a Budget

  • 20 - Drafting a budget
  • 21 - Review of the budgeting steps

7. Income Tax Basics

  • 22 - Understanding income taxes
  • 23 - Tax brackets
  • 24 - Tax deductions and tax credits

Conclusion

  • 25 - Next steps

Related courses

Related learn paths

About us

LyndaKade is a leading learning platform that helps people learn business, software, technology, and creative skills to achieve personal and professional goals.

Phone numberAparat ChannelTelegram SupportTelegram ChannelInstagram Page

All rights to this site belong to LyndaKade.

Terms of Service|Privacy Policy

نماد الکترونیک enamad در صورت اتصال با آی‌پی داخل کشور، نمایش داده خواهد شد.
logo-samandehi - لوگو ساماندهی
zarinpal
zibal