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.
Этот курс входит в специализацию ''Специализация Foundations of Management'
Operational Finance: Finance for Managers
от партнера
Об этом курсе
4.8
Оценки: 314
Приобретаемые навыки
Dupont AnalysisManagement AccountingBusiness AnalysisFinance
Программа курса: что вы изучите
Неделя
14 ч. на завершение
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 видео ((всего 82 мин.)), 6 материалов для самостоятельного изучения, 1 тест
16 видео
1.- Operational Finance: Course Outline1мин
2.- Introduction: Operational Finance2мин
3.- Polypanel Case: What to do?7мин
4.- Polypanel Case: What to do? (continued)5мин
5.- Business Analysis Part 1: Sales7мин
6.- Business Analysis Part 1: Sales, (continued)3мин
7.- Business Analysis Part 2: Strategy and Management5мин
8.- P&L Analysis Part 1: Sales and Gross Margin6мин
9.- P&L Analysis Part 1: Sales and Gross Margin, (continued)3мин
10.- P&L Analysis Part 2: OPEX, EBITDA and Financial Results6мин
11.- P&L Analysis Part 2: OPEX, EBITDA and Financial Results, (continued)2мин
12.- What is a Balance Sheet?7мин
13.- Polypanel's Balance Sheet8мин
14.- Polypanel's Balance Sheet, (continued)7мин
15.- Brief Recap3мин
6 материала для самостоятельного изучения
Course Overview & Syllabus10мин
About Week 110мин
Required Reading Week 120мин
Optional Reading10мин
Financial Terms & Definitions10мин
Quiz Week 1 Solutions & Explanations10мин
1 практическое упражнение
Quiz 120мин
Неделя
23 ч. на завершение
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 видео ((всего 72 мин.)), 4 материалов для самостоятельного изучения, 1 тест
14 видео
2.- Recap from Week 1, (continued)6мин
3.- Operational Ratios: Days of Collection5мин
4.- Operational Ratios: Days of Collection, (continued)3мин
5.- Operational Ratios: Days of Inventory3мин
6.- Operational Ratios: Days of Inventory, (continued)4мин
7.- Operational Ratios: Days of Payment6мин
8.- Operational Ratios: Days of Payment, (continued)4мин
9.- Forecast of the P&L7мин
10.- Forecast of the Balance Sheet (Theory)5мин
11.- Forecast of the Balance Sheet (Theory), (continued)5мин
12.- Forecast of the Balance Sheet (Polypanel)6мин
13.- Forecast of the Balance Sheet (Polypanel), (continued)3мин
14.- Brief Recap3мин
4 материала для самостоятельного изучения
About Week 210мин
Required Reading Week 230мин
Optional Reading10мин
Quiz Week 2 Solutions & Explanations10мин
1 практическое упражнение
Quiz 222мин
Неделя
33 ч. на завершение
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 видео ((всего 77 мин.)), 3 материалов для самостоятельного изучения, 1 тест
13 видео
2.- Recap from Week 2, (continued)7мин
3.- Diagnosis (I)6мин
4.- Need of Funds (NFO) and Working Capital (WC)6мин
5.- Need of Funds (NFO) and Working Capital (WC), (continued)4мин
6.- Diagnosis (II)4мин
7.- Action Plan (I)7мин
8.- Action Plan (I), (continued)6мин
9.- Action Plan (II)6мин
10.- Action Plan (II), (continued)5мин
11.- Sustainable Growth6мин
12.- Sustainable Growth, (continued)6мин
13.- Brief Recap5мин
3 материала для самостоятельного изучения
About Week 310мин
Required Reading Week 345мин
PolyPanel Balance Sheet and P&L with Forecast & Solutions to Quiz 310мин
1 практическое упражнение
Quiz 322мин
Неделя
44 ч. на завершение
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 видео ((всего 86 мин.)), 3 материалов для самостоятельного изучения, 2 тестов
16 видео
1.- Recap from Week 37мин
2.- Recap from Week 3 (Part 2)3мин
3.- Sensitivity Analysis7мин
4.- Sensitivity Analysis (Part 2)5мин
5.- An Example of Sustainable Growth6мин
6.- Minimum Cash and Other Elements in the NFO7мин
7.- Seasonal Companies6мин
8.- Building up the ROE (Part 1)3мин
9.- Building up the ROE (Part 2)5мин
10.- Building up the ROE (Part 3)4мин
11.- Blind Financial Statements5мин
12.- Blind Financial Statements (Part2)3мин
13.- Blind Financial Statements (Part 3)7мин
14.- Brief Recap2мин
15.- Course Conclusions6мин
3 материала для самостоятельного изучения
About Week 410мин
Considerations for Final Exam Parts I & II - Week 410мин
Final Quiz Week 4 Part I Solutions10мин
1 практическое упражнение
Quiz Week 4 - Part 120мин
4.8
Рецензии: 8850%
начал новую карьеру, пройдя эти курсы
40%
получил значимые преимущества в карьере благодаря этому курсу
25%
стал больше зарабатывать или получил повышение
Лучшие рецензии
автор: IA•Aug 15th 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.
автор: SS•Apr 14th 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+
Преподаватель
Miguel Antón
Associate ProfessorFinancial Management
О Школа бизнеса IESE
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.
О специализации ''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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