Financial Fundamentals for Non-Financial Managers: A Guide

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Description: About This ClassExecutives take for granted that you understand the fundamentals of finance. The people doing the talking presume that you speak the language, that you can read the financial statements, and that you can use basic financial tools to make decisions. But can you? What if you’re not sure of the difference between an income statement and a balance sheet, or between profit and a positive cash flow? What if you can’t define inventory days or days sales outstanding, and you don’t know how to use those numbers to improve financial performance? If questions like these make you sweat, you’ve come to the right place. This guide will give you the tools and confidence you need to master finance basics, as all good managers must. You’ll learn how to:Speak the language of financeCompare your firm’s financials with rivals’Size up your vulnerability to industry downturnsShift your unit’s focus from revenues to profitsUse financial data to defend budget requestsAvoid running out of cash—and going out of businessKeep costs from killing your bottom lineInvest smartly through cost/benefit analysisSell your brilliant idea with ROIAvoid putting too much faith in the numbersWe start with a quiz in the first module is suggested as most managers and executives score poorly on this 25-question quiz, with the majority scoring 50% or less - a score that is considered failing in most schools. Although this quiz is not intended to measure your entire financial IQ, it will provide you with an understanding of the basic concepts that you need to learn to enhance your effectiveness as a manager. Upon completion, you will have a clearer picture of your current level of knowledge.This F
Category: Finance & Accounting > Finance > Finance Fundamentals
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Price: 59.99
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