Every manager needs a basic financial understanding in order to make decisions, allocate resources, and budget expenses. Without a formal background in finance or accounting, even experienced managers may need a refresher in how to really interpret “the numbers.”
This course will give you a basic understanding of financial measurements, such as the income statement, balance sheets, and cash flow. You’ll also learn the important difference between profit and cash. When you leave this course, you will recognize how financial information is used for making internal decisions and communicating with stakeholders.
At the end of this course, you’ll be able to:
- Understand basic financial measurements such as income statement, balance sheet, cash flow, and the difference between profit and cash
- recognize how applying numbers differently might lead to different conclusions.
- know when to challenge and question the numbers.
- use financial analytic measurements such as operating ratios and ROI (return on investment) to make data-driven decisions.
- understand an organization's finances in the context of the economy, competition, regulations, and emerging customer expectations.