Finance for Non-Financial ManagersFinance for Non-Financial Managers

Finance for Non-Financial Managers



7/9/2015 If you’re looking to grow your career and take on greater responsibility within your organization, you’ll need to demonstrate a basic understanding of financial management—even if you’re not in a financial role. You don’t have to be a numbers person! You just have to appreciate their role in business. In this course, accounting professor Jim Stice helps you develop the financial acumen necessary to interpret financial reports and make decisions based on available data, manage inventory and receivables, create an accurate budget, and cost a product or service. Plus, learn how to analyze your customers, understand your income taxes, and communicate your contribution to the bottom line.

Authors : Jim Stice Kay Stice

– Hi, my name is Jim Stice. I’m an accounting professor at Brigham Young University. I took my first accounting class in high school almost 40 years ago and I loved it. It all made perfect sense to me. I guess you can say that makes me a numbers person. And I know some of you are saying right now I am grateful there are people like you out there who enjoy the numbers stuff, but that is not me. Well you don’t have to become a numbers person but you can try to appreciate how numbers are used in business. You can understand where and when numberscan provide an important input into business decisions. Our objective with this course is to take the edge off the numbers of business. We will introduce you to the topics of accounting and finance. In this course you will learn about the financial statements, what they tell us and how they are used. You will learn how numbers help us manage our inventory levels, that’s how much stuff we have for resale. Our receivables levels, that’s how much money customers owe us, and our levels of cash. Well cash is cash, we all know what that is. You will learn how numbers help us analyze the number of customers needed to keep the doors open and how to price a product. We will also talk about the importance of budgeting and how that cannot be done without looking at the numbers. Numbers are not to be feared, numbers are to be appreciated. You shouldn’t exclude yourself from conversations in fact or in appearance just because numbers come up. You want to be a decision-maker. You want to be part of the decision-making team. And if that means you need to get comfortable at least in some degree with the numbers side of business, so be it. So let’s get started.

course info :

Size: 525.6 MB

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