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.

Description

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?

• Beginner Finance and Accounting Students

Course content

• Introduction
  • Introduction
  • What you will learn
• Definitions to Know
  • Finance Definitions to Know
• Example 1 - Understand Break-Even
  • Example 1 - Google Sheet
• Example 2 - Budgeting and Forecasting for a Business
  • Case Study
  • Walk through Example
• Variance Analysis
  • Definitions to Know
  • Example Walk Through
• Conclusion
  • Conclusion and Pitfalls