Managers in a sample of managers at companies with at least 150 employees took a simple financial literacy quiz and got an average of 38% of the questions right. How is that possible? There are varying reasons, but none of them are good. For those who have had limited exposure, or just a plain aversion to "the numbers", there is hope for becoming financially intelligent and increasing your credibility by speaking the language of business. This involves knowing the foundation of financials – getting back to basics.
This course offers basic yet essential information needed to improve your financial intelligence, complete with real stories about real companies. We'll cover the income statement, balance sheet, statement of cash flows, financial ratio classifications, cash vs. profit, and working capital strategies.
Learning Objectives
- Identify the assumptions and estimates in an income statement
- Discover key measures used to determine profitability of a company
- Explore the ratios to see if your company is growing or declining
- Identify the different sections of the financial statements
- Discover if your company has enough money to invest and continue to grow
- Explore the ratios to see if your company is using their resources effectively
- Identify the four classifications of ratios
- Discover the stories the financial statements are telling us
- Explore the ratios to see your company’s trends
- Identify the three key areas of working capital, and recognize how you can affect them
- Discover how you can improve the cash flow at your company
- Explore the variety of differences between cash and profit
- 1. Grant Writing The Art And Science : Grant Applications That Are Focused and Effective.
- 2. How to Prepare a Multi-Currency Cash Forecast and Measures to Monitor and Manage Cash Forecasting Accuracy
- 3. Statistical Sampling
- 4. INTUIT: SaaS 2.0: Case Studies
- 5. Benefits of An Accounts Payable Recovery Audit
- 6. Finance for Non-Finance Professionals: What Everyone Needs to Know
- 7. Corporate Performance Management
- 8. CFA Level 1 Prep: Introduction to the CFA Exam
- 9. Contracts: Understanding and Negotiating Liability Clauses
- 10. Valuing Your Business's Foreign Currency Cash Flows
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Prerequisites
No Advanced Preparation or Prerequisites are required for this course.