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.
Ce cours fait partie de la Spécialisation Foundations of Management
Finance for Managers
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À propos de ce cours
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Compétences que vous acquerrez
Dupont AnalysisManagement AccountingBusiness AnalysisFinance
Programme du cours : ce que vous apprendrez dans ce cours
Semaine
14 heures pour terminer
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 vidéos (Total 82 min), 6 lectures, 1 quiz
16 vidéos
1.- Operational Finance: Course Outline1 min
2.- Introduction: Operational Finance2 min
3.- Polypanel Case: What to do?7 min
4.- Polypanel Case: What to do? (continued)5 min
5.- Business Analysis Part 1: Sales7 min
6.- Business Analysis Part 1: Sales, (continued)3 min
7.- Business Analysis Part 2: Strategy and Management5 min
8.- P&L Analysis Part 1: Sales and Gross Margin6 min
9.- P&L Analysis Part 1: Sales and Gross Margin, (continued)3 min
10.- P&L Analysis Part 2: OPEX, EBITDA and Financial Results6 min
11.- P&L Analysis Part 2: OPEX, EBITDA and Financial Results, (continued)2 min
12.- What is a Balance Sheet?7 min
13.- Polypanel's Balance Sheet8 min
14.- Polypanel's Balance Sheet, (continued)7 min
15.- Brief Recap3 min
6 lectures
Course Overview & Syllabus10 min
About Week 110 min
Required Reading Week 11h 20min
Optional Reading10 min
Financial Terms & Definitions10 min
Quiz Week 1 Solutions & Explanations10 min
1 exercice pour s'entraîner
Quiz 120 min
Semaine
23 heures pour terminer
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 vidéos (Total 72 min), 4 lectures, 1 quiz
14 vidéos
2.- Recap from Week 1, (continued)6 min
3.- Operational Ratios: Days of Collection5 min
4.- Operational Ratios: Days of Collection, (continued)3 min
5.- Operational Ratios: Days of Inventory3 min
6.- Operational Ratios: Days of Inventory, (continued)4 min
7.- Operational Ratios: Days of Payment6 min
8.- Operational Ratios: Days of Payment, (continued)4 min
9.- Forecast of the P&L7 min
10.- Forecast of the Balance Sheet (Theory)5 min
11.- Forecast of the Balance Sheet (Theory), (continued)5 min
12.- Forecast of the Balance Sheet (Polypanel)6 min
13.- Forecast of the Balance Sheet (Polypanel), (continued)3 min
14.- Brief Recap3 min
4 lectures
About Week 210 min
Required Reading Week 230 min
Optional Reading10 min
Quiz Week 2 Solutions & Explanations10 min
1 exercice pour s'entraîner
Quiz 222 min
Semaine
33 heures pour terminer
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 vidéos (Total 77 min), 3 lectures, 1 quiz
13 vidéos
2.- Recap from Week 2, (continued)7 min
3.- Diagnosis (I)6 min
4.- Need of Funds (NFO) and Working Capital (WC)6 min
5.- Need of Funds (NFO) and Working Capital (WC), (continued)4 min
6.- Diagnosis (II)4 min
7.- Action Plan (I)7 min
8.- Action Plan (I), (continued)6 min
9.- Action Plan (II)6 min
10.- Action Plan (II), (continued)5 min
11.- Sustainable Growth6 min
12.- Sustainable Growth, (continued)6 min
13.- Brief Recap5 min
3 lectures
About Week 310 min
Required Reading Week 345 min
PolyPanel Balance Sheet and P&L with Forecast & Solutions to Quiz 310 min
1 exercice pour s'entraîner
Quiz 322 min
Semaine
44 heures pour terminer
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 vidéos (Total 86 min), 3 lectures, 2 quiz
16 vidéos
1.- Recap from Week 37 min
2.- Recap from Week 3 (Part 2)3 min
3.- Sensitivity Analysis7 min
4.- Sensitivity Analysis (Part 2)5 min
5.- An Example of Sustainable Growth6 min
6.- Minimum Cash and Other Elements in the NFO7 min
7.- Seasonal Companies6 min
8.- Building up the ROE (Part 1)3 min
9.- Building up the ROE (Part 2)5 min
10.- Building up the ROE (Part 3)4 min
11.- Blind Financial Statements5 min
12.- Blind Financial Statements (Part2)3 min
13.- Blind Financial Statements (Part 3)7 min
14.- Brief Recap2 min
15.- Course Conclusions6 min
3 lectures
About Week 410 min
Considerations for Final Exam Parts I & II - Week 410 min
Final Quiz Week 4 Part I Solutions10 min
1 exercice pour s'entraîner
Quiz Week 4 - Part 120 min
4.8
98 avis50%
ont commencé une nouvelle carrière après avoir terminé ce cours
33%
ont bénéficié d'un avantage concret dans leur carrières grâce à ce cours
20%
a obtenu une augmentation de salaire ou une promotion
Meilleurs avis pour Finance for Managers
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.
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+
Enseignant
Miguel Antón
Associate ProfessorFinancial Management
À propos de IESE Business School
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.
À propos du Spécialisation Foundations of Management
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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