When it comes to numbers, there is always more than meets the eye. In operational finance, you will learn how to read the “story” that the balance sheet and income statement tells about the company’s operations. The insights you gain from this “financial story” will then become a tool for short-term decision-making at the top management level relating to current assets, current liabilities and the management of working capital. Finally, by the end of the course you will understand the financial consequences of managerial decisions on operations, marketing, etc.
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課程信息
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學生職業成果
50%
完成這些課程後已開始新的職業生涯
33%
通過此課程獲得實實在在的工作福利
20%
加薪或升職
您將獲得的技能
Dupont AnalysisManagement AccountingBusiness AnalysisFinance
學生職業成果
50%
完成這些課程後已開始新的職業生涯
33%
通過此課程獲得實實在在的工作福利
20%
加薪或升職
可分享的證書
完成後獲得證書
100% 在線
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第 2 門課程（共 5 門）
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完成時間大約為18 小時
建議：4 weeks of study, 3-5 hours/week
英語（English）
字幕：英語（English）, 阿拉伯語（Arabic）
提供方
西班牙IESE商学院
For over fifty years, IESE, the graduate business school of the University of Navarra, has been at the forefront of management education, developing and inspiring business leaders who strive to make a deep, positive and lasting impact on the people, companies and society they serve.
教學大綱 - 您將從這門課程中學到什麼
完成時間為 4 小時
Course Overview & Week 1
Welcome to Operational Finance: Finance for Managers. In this course you will learn the basics of operational finance to help you make sound financial decision or to run a robust business! Before you get started with this week's video content, please have a look at the course syllabus. In this first week, we'll discuss what operational finance is all about by looking at a business case. What do the numbers on the Balance Sheet and P&L Statement tell us about its performance and future prospects? If you were a bank, would you approve a half million euro loan for this business? Why or why not? Course objective: To get an overview of operational finance and the types of analyses necessary to develop solid financing decisions.
完成時間為 4 小時
16 個視頻 （總計 82 分鐘）, 6 個閱讀材料, 1 個測驗
16 個視頻
1.- Operational Finance: Course Outline1分鐘
2.- Introduction: Operational Finance2分鐘
3.- Polypanel Case: What to do?7分鐘
4.- Polypanel Case: What to do? (continued)5分鐘
5.- Business Analysis Part 1: Sales7分鐘
6.- Business Analysis Part 1: Sales, (continued)3分鐘
7.- Business Analysis Part 2: Strategy and Management5分鐘
8.- P&L Analysis Part 1: Sales and Gross Margin6分鐘
9.- P&L Analysis Part 1: Sales and Gross Margin, (continued)3分鐘
10.- P&L Analysis Part 2: OPEX, EBITDA and Financial Results6分鐘
11.- P&L Analysis Part 2: OPEX, EBITDA and Financial Results, (continued)2分鐘
12.- What is a Balance Sheet?7分鐘
13.- Polypanel's Balance Sheet8分鐘
14.- Polypanel's Balance Sheet, (continued)7分鐘
15.- Brief Recap3分鐘
6 個閱讀材料
Course Overview & Syllabus10分鐘
About Week 110分鐘
Required Reading Week 11 小時 20 分
Optional Reading10分鐘
Financial Terms & Definitions10分鐘
Quiz Week 1 Solutions & Explanations10分鐘
1 個練習
Quiz 120分鐘
完成時間為 3 小時
Week 2: Operational Ratios and Forecasting
In week 1, we looked at Polypanel’s Balance Sheet and P&L Statement. In the Balance Sheet, we noted that receivables increased from €188,000 in 2004 to €649,000 in 2007. We left off with the question: Is this difference due to an increase in sales or delays in payments from customers?
完成時間為 3 小時
14 個視頻 （總計 72 分鐘）, 4 個閱讀材料, 1 個測驗
14 個視頻
2.- Recap from Week 1, (continued)6分鐘
3.- Operational Ratios: Days of Collection5分鐘
4.- Operational Ratios: Days of Collection, (continued)3分鐘
5.- Operational Ratios: Days of Inventory3分鐘
6.- Operational Ratios: Days of Inventory, (continued)4分鐘
7.- Operational Ratios: Days of Payment6分鐘
8.- Operational Ratios: Days of Payment, (continued)4分鐘
9.- Forecast of the P&L7分鐘
10.- Forecast of the Balance Sheet (Theory)5分鐘
11.- Forecast of the Balance Sheet (Theory), (continued)5分鐘
12.- Forecast of the Balance Sheet (Polypanel)6分鐘
13.- Forecast of the Balance Sheet (Polypanel), (continued)3分鐘
14.- Brief Recap3分鐘
4 個閱讀材料
About Week 210分鐘
Required Reading Week 230分鐘
Optional Reading10分鐘
Quiz Week 2 Solutions & Explanations10分鐘
1 個練習
Quiz 222分鐘
完成時間為 3 小時
Week 3: Diagnosis and Action Plan
By now you have a pretty good grasp of the Polypanel case and the main issues that could impact future financing. This week, it’s time to roll up our sleeves and work out a diagnosis for these issues. We’ll discuss Need of Funds for Operations (NFO) and Working Capital (WC), two concepts that will help us better understand the company’s problems. Finally, with a solid diagnosis we can develop an action plan that will lead to sustainable growth. Objectives: By the end of the session you will have a framework for diagnosing a company’s financial health. You’ll also gain insights into how to develop an action plan to address its problems.
完成時間為 3 小時
13 個視頻 （總計 77 分鐘）, 3 個閱讀材料, 1 個測驗
13 個視頻
2.- Recap from Week 2, (continued)7分鐘
3.- Diagnosis (I)6分鐘
4.- Need of Funds (NFO) and Working Capital (WC)6分鐘
5.- Need of Funds (NFO) and Working Capital (WC), (continued)4分鐘
6.- Diagnosis (II)4分鐘
7.- Action Plan (I)7分鐘
8.- Action Plan (I), (continued)6分鐘
9.- Action Plan (II)6分鐘
10.- Action Plan (II), (continued)5分鐘
11.- Sustainable Growth6分鐘
12.- Sustainable Growth, (continued)6分鐘
13.- Brief Recap5分鐘
3 個閱讀材料
About Week 310分鐘
Required Reading Week 345分鐘
PolyPanel Balance Sheet and P&L with Forecast & Solutions to Quiz 310分鐘
1 個練習
Quiz 322分鐘
完成時間為 4 小時
Week 4: Negative NFO and DuPont Analysis
In this final week, we will introduce the final pieces of the puzzle to give you a complete overview of operational finance. We’ll discuss tools like sensitivity analysis that will help you consider the potential outcome of a decision given different variables. In this session we will also look at other crucial concerns for the firm and its shareholders like sustainable growth and ROE (Return On Equity) plus revisit NFO (Need of Funds for Operations) and other topics. Objectives: By the end of this session, you should have a complete overview of the key aspects of operational finance. You will also understand what tools financial professionals use in order to make decisions to strengthen a company’s position.
完成時間為 4 小時
16 個視頻 （總計 86 分鐘）, 3 個閱讀材料, 2 個測驗
16 個視頻
1.- Recap from Week 37分鐘
2.- Recap from Week 3 (Part 2)3分鐘
3.- Sensitivity Analysis7分鐘
4.- Sensitivity Analysis (Part 2)5分鐘
5.- An Example of Sustainable Growth6分鐘
6.- Minimum Cash and Other Elements in the NFO7分鐘
7.- Seasonal Companies6分鐘
8.- Building up the ROE (Part 1)3分鐘
9.- Building up the ROE (Part 2)5分鐘
10.- Building up the ROE (Part 3)4分鐘
11.- Blind Financial Statements5分鐘
12.- Blind Financial Statements (Part2)3分鐘
13.- Blind Financial Statements (Part 3)7分鐘
14.- Brief Recap2分鐘
15.- Course Conclusions6分鐘
3 個閱讀材料
About Week 410分鐘
Considerations for Final Exam Parts I & II - Week 410分鐘
Final Quiz Week 4 Part I Solutions10分鐘
1 個練習
Quiz Week 4 - Part 120分鐘
審閱
4.8
來自FINANCE FOR MANAGERS的熱門評論
由 IA 提供Aug 14, 2018
It's a great course that helps break components of P&L and balance sheet.\n\nEmphasis is on Receivables, Payables, Dupont analysis and how these variables affect the cash/bank position of the firm.
由 SS 提供Apr 13, 2017
Excellent course, Very highly recommend it! This is my first course in Coursera and what a surprise, it was great! Well explained, concise and the professor is excellent. This class is A+
由 AC 提供May 26, 2019
Fantastic course, such a well laid out structure, Miguel sir explained with such enthusiasm, especially the case with Working Capital as to why it's not an asset. An excellent course!!!
由 JF 提供Jun 30, 2018
Amazing course, the questions posed are very insteresting and you actually have to think to be able to solve them. The best course of the first 4 courses of this specialization.
由 AV 提供Jul 13, 2018
One of the best courses possible for a novice in Finance. It's been an honour studying under Prof. Anton. I recommend this course to all the future managers out there...
由 AA 提供Oct 10, 2016
The information presented by the professor are valuable but I think we there should have been more practical exercises to enforce the concepts that being learnt.
由 AD 提供Feb 22, 2019
The course is very well designed and brilliantly taught. Very useful for anyone wanting to develop insight into how organizations finance their daily operations.
由 TD 提供Oct 15, 2018
The course taught was very easy and understandable by any person who is new to financial line. It is a must for all Executives irrespective of any discipline.
關於 Foundations of Management 專項課程
Good management is equal parts knowing and doing. No matter what industry you work in or where you are in your career, a basic understanding of financial, marketing and decision-making principles and other management fundamentals will help you achieve your professional goals - be it getting promoted in your current job, getting ready for a MBA program, or starting your own company.
This Specialization will give you a comprehensive introduction to the practice of management through the lens of four key disciplines: accounting, finance, marketing, and organizational behavior. In each course, you'll analyze real business cases from these four perspectives. In the final Capstone Project, you’ll apply what you’ve learned to develop a holistic solution to a real-world business dilemma.
This Specialization will provide you with the skill set needed to help achieve the next step in your career.
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