DescriptionLearn how financial information is used to make internal decisions and communicate with stakeholders.
Learn how financial information is used to make decisions and communicate with stakeholders
Every manager, regardless of functional area, 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." When you leave this course, you will recognize how financial information is used for making internal decisions as well as communicating with stakeholders.
Following this course you will 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, and know when to challenge and question the numbers
- Use financial analysis measurements such as ratios and 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
Applies Towards the Following Certificates
- Management Practices Certificate : Elective