Intro to Financial Analysis and Managerial Accounting!

Descripción

The purpose of this course is to teach you how to perform detailed financial analysis of a business’ (or your company’s) financial situation. This is Intro to Financial Analysis but covers the main topics of Cost / Managerial Accounting. This course will show you where to focus your analysis and energy but will require you to dig into the financial--both the actual transactions and budget--to come up with the reason why things are happening. We will work through this Google Sheet together (see course for link). What You Will Learn • Understanding costs and profit • The difference between variable costs and fixed costs • Contribution/Unit Margin, Total Margin or Profit • Understanding break-even • How many units do I need to sell to make sure I’m not losing money? • Difference between profit and cash • Why is cash king? • Basics of budgeting and forecasting for a business • Should I start this business? • Basics of variance analysis • Why didn’t I make as much money as I thought I would have?

Lo que aprenderás

• Learn how to perform Financial Analysis
• Basics of Cost / Managerial Accounting
• Learn how to perform variance analysis
• Learn how to perform scenario analysis
• Learn how to determine if a business is profitable and why

Requisitos

• Basic Excel Skills