How You Will Benefit
In today’s economy, organizations are doing more with less. They’re demanding more productivity from every employee and looking for every possible measure to improve the bottom line. And they’re expecting their employees to monitor and drive this process themselves.
A basic working knowledge of financial statements and calculations is necessary to make sound decisions about all aspects of a business. By learning how to read and interpret a few basic financial instruments, you can recognize opportunities to increase revenue and shave expenses, thus increasing your value to the organization.
By improving your financial know-how, you’ll empower yourself in many ways. You’ll know how to justify requests and translate performance into financial terms. You’ll be able to quantify your department’s contribution to the organization—and your own. You’ll communicate more effectively with your boss, upper management, shareholders, and other stakeholders about the financial results you have achieved and those you plan to deliver.
Successful completion of this course will increase your ability to:
· Identify the advantages of analyzing financial information.
· Understand the purpose and benefits of budgets.
· Differentiate among various financial instruments.
· Conduct horizontal and vertical analyses using your organization’s financial information.
· Recognize which ratios are most important to your organization.
Key Topics Covered
This course explores the following ten financial instruments in depth:
2. Balance sheet
3. Income statement
4. Statement of cash flows
6. Break-even analysis
7. Liquidity ratios
8. Profitability ratios
9. Leverage ratios
10. Efficiency ratios