關於此課程：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.
此課程適用人群：This course if primarily aimed at recent college graduates just beginning their career and anyone (managers, entrepreneurs, etc.) who needs to understand basic financial concepts.
製作方： 西班牙IESE商学院
教學方： Miguel Antón, Associate Professor
Financial Management
| 基本信息 | 課程 2（共 5 門，Foundations of Management Specialization ） |
| 承諾學習時間 | 4 weeks of study, 3-5 hours/week |
| 語言 | English |
| 如何通過 | 通過所有計分作業以完成課程。 |
| 用戶評分 |
授課大綱
第 1 週
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.
16 個視頻, 6 個閱讀材料
- Reading: Course Overview & Syllabus
- Reading: About Week 1
- Reading: Required Reading Week 1
- Reading: Optional Reading
- Reading: Financial Terms & Definitions
- 視頻: 1.- Operational Finance: Course Outline
- 視頻: 2.- Introduction: Operational Finance
- 視頻: 3.- Polypanel Case: What to do?
- 視頻: 4.- Polypanel Case: What to do? (continued)
- 視頻: 5.- Business Analysis Part 1: Sales
- 視頻: 6.- Business Analysis Part 1: Sales, (continued)
- 視頻: 7.- Business Analysis Part 2: Strategy and Management
- 視頻: 8.- P&L Analysis Part 1: Sales and Gross Margin
- 視頻: 9.- P&L Analysis Part 1: Sales and Gross Margin, (continued)
- 視頻: 10.- P&L Analysis Part 2: OPEX, EBITDA and Financial Results
- 視頻: 11.- P&L Analysis Part 2: OPEX, EBITDA and Financial Results, (continued)
- 視頻: 12.- What is a Balance Sheet?
- 視頻: 13.- Polypanel's Balance Sheet
- 視頻: 14.- Polypanel's Balance Sheet, (continued)
- 視頻: 15.- Brief Recap
- Reading: Quiz Week 1 Solutions & Explanations
已評分: Quiz 1
第 2 週
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?
In week 2, we will introduce operational ratios, the tools we need to disentangle both effects and understand what’s going on below the surface. We will also conduct a forecasting exercise of Polypanel to understand how well it will be positioned to pay back a potential credit line in the future. Objectives: By the end of the session you will understand the different types of operational ratios (Days of Collection, Days of Inventory and Days of Payables) in order to analyze how well a business is performing. You will also learn how to use forecasting to support financing decisions.
14 個視頻, 4 個閱讀材料
- Reading: About Week 2
- Reading: Required Reading Week 2
- Reading: Optional Reading
- 視頻: 2.- Recap from Week 1, (continued)
- 視頻: 3.- Operational Ratios: Days of Collection
- 視頻: 4.- Operational Ratios: Days of Collection, (continued)
- 視頻: 5.- Operational Ratios: Days of Inventory
- 視頻: 6.- Operational Ratios: Days of Inventory, (continued)
- 視頻: 7.- Operational Ratios: Days of Payment
- 視頻: 8.- Operational Ratios: Days of Payment, (continued)
- 視頻: 9.- Forecast of the P&L
- 視頻: 10.- Forecast of the Balance Sheet (Theory)
- 視頻: 11.- Forecast of the Balance Sheet (Theory), (continued)
- 視頻: 12.- Forecast of the Balance Sheet (Polypanel)
- 視頻: 13.- Forecast of the Balance Sheet (Polypanel), (continued)
- 視頻: 14.- Brief Recap
- Reading: Quiz Week 2 Solutions & Explanations
已評分: Quiz 2
第 3 週
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.
13 個視頻, 3 個閱讀材料
- Reading: About Week 3
- Reading: Required Reading Week 3
- 視頻: 2.- Recap from Week 2, (continued)
- 視頻: 3.- Diagnosis (I)
- 視頻: 4.- Need of Funds (NFO) and Working Capital (WC)
- 視頻: 5.- Need of Funds (NFO) and Working Capital (WC), (continued)
- 視頻: 6.- Diagnosis (II)
- 視頻: 7.- Action Plan (I)
- 視頻: 8.- Action Plan (I), (continued)
- 視頻: 9.- Action Plan (II)
- 視頻: 10.- Action Plan (II), (continued)
- 視頻: 11.- Sustainable Growth
- 視頻: 12.- Sustainable Growth, (continued)
- 視頻: 13.- Brief Recap
- Reading: PolyPanel Balance Sheet and P&L with Forecast & Solutions to Quiz 3
已評分: Quiz 3
第 4 週
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.
16 個視頻, 3 個閱讀材料
- Reading: About Week 4
- 視頻: 1.- Recap from Week 3
- 視頻: 2.- Recap from Week 3 (Part 2)
- 視頻: 3.- Sensitivity Analysis
- 視頻: 4.- Sensitivity Analysis (Part 2)
- 視頻: 5.- An Example of Sustainable Growth
- 視頻: 6.- Minimum Cash and Other Elements in the NFO
- 視頻: 7.- Seasonal Companies
- 視頻: 8.- Building up the ROE (Part 1)
- 視頻: 9.- Building up the ROE (Part 2)
- 視頻: 10.- Building up the ROE (Part 3)
- 視頻: 11.- Blind Financial Statements
- 視頻: 12.- Blind Financial Statements (Part2)
- 視頻: 13.- Blind Financial Statements (Part 3)
- 視頻: 14.- Brief Recap
- 視頻: 15.- Course Conclusions
- Reading: Considerations for Final Exam Parts I & II - Week 4
- Reading: Final Quiz Week 4 Part I Solutions
已評分: Quiz Week 4 - Part 1
已評分: Quiz Week 4 - Part 2
常見問題解答
運作方式
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製作方
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.
價格
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評分和審閱
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.
The course is very well designed so that on completion students will have a good understanding of the financial performance of a company, how to evaluate this using a clear workflow, with simple tools and operational ratios. Student will learn how to diagnose problems and recommend improvement. I'm very satisfied with what I have learned.
It's a great course if you have some knowledge of management, to understand this course, you need to know the calculation of growth rate in percentage but after completing this course, you will understand business very well.
AV
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...