Financial Analysis 101: Planning and Control

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12

Lessons
13

Exams &
Assignments
7

Hours
average time
0.7

CEUs
85

Students
have taken this course

Course Description

The crux of financial analysis lies with its purpose. It may be the company's focus on short-term liquidity or its long-term planning. Financial statements provide a picture of the company's financial condition. Forecasting involves analyzing these statements to project calculated scenarios and probabilities.

Definitively, financial planning and control (aka financial management) analyzes the firm's financial mission and goals, to achieve various milestones and planned goals.

The field of finance is intertwined with economics, accounting, and the human element responsible for accurate analysis, forecasting, and practical quantitative applications.

· Economics provides structural data for decision-making;

· Accounting provides financial / cash flow data;

· The financial manager collects, interprets, processes, and allocates the firm's resources.

This course addresses principles and the process of strategic financial planning for any organization, large or small. You will learn that financial planning must include not only financial management methods (basic accounting) but also strategy(ies) necessary to decide how to accomplish corporate financial goals. We will provide useful information regarding the interpretation and application of:

· qualitative (economic activity) information, data, and statistics,

· quantitative data, analysis, and formulas (accounting), and

· forecasting methods to meet short-term and long-term corporate goals.

Financial planning is managing your finances over time in such a way that you can meet your business needs. Strategic planning is the process of determining the direction your company will take, the goals you have for the business and how to achieve what you want. Both types of planning involve defining objectives, gathering and analyzing data, implementing the plan and monitoring the results.

The goal of this course is to provide comprehensive information on financial analysis in areas of planning and control suited to anyone on any level desiring this information for either professional or personal use.

Objectively this course qualitatively and quantitatively defines, reviews, and illustrates the principles of corporate finance, including: profit/loss, asset and cash management, operational budgets, cost analysis, profitability, leverage, and decision and risk. Various industry approaches, cases, means and methods will be presented. The 12 Lessons will generally be organized into major areas of:

· Principles of Corporate Planning and Control

· Financial Statements and Reports

· Ratio Analysis

· Cost of Capital

· Cash Management and Cash Analysis

· Operations Budgeting

· Working Capital Management

· Capital Budgeting

· Financial Decisions and Risk.

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Accredited CEUs

Universal Class is an IACET Accredited Provider

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Course Lessons

Average Lesson Rating:

"Extraordinarily Helpful"

(64 votes)

Lesson 1. Principles of Corporate Finance

Planning involves the development of future objectives and the preparation of a number of budgets to achieve those objectives. 10 Total Points

Review 3 Articles: Planning, Organizing, Leading, and Controlling; The Best Way to Measure Company Performance; How do you calculate costs of capital when budgeting new projects?
Complete: Exam 1

Lesson 2. Financial Statements and Reports

The profitability of a business(sustained growth and earnings)is determined from the business' Balance Sheet, as well as from its Income Statement. 10 Total Points

Review 3 Articles: Four Types of Financial Statements; Analysis of profitability, liquidity and performance; Income Statement Overview
Complete: Exam 2

Lesson 3. Ratio Analysis

Financial ratios are used to evaluate and weigh the performance and operations of the firm. 10 Total Points

Review 4 Articles: Ratio Analysis Tutorial; DuPont Analysis Example; Types of Ratio analysis and their significance; Impact of Inflation on Financial Statement Analysis
Complete: Exam 3

Lesson 4. Cost of Capital

The cost of capital is the cost of a firm's debt and equity funds, or the required rate of return on a portfolio of the company's existing securities. 10 Total Points

Review 3 Articles: Cost Of Capital; The Cost of Debt; Return, Risk And The Security Market Line - Expected Return, Variance And Standard Deviation Of A Portfolio
Complete: Exam 4

Lesson 5: Cash Management

Cash management involves the firm's management of its cash, collections, and short-term investing. 10 Total Points

Complete: Exam 5

Lesson 6: Cost Analysis

Cost analysis is a comparison of costs. Costs used to prepare financial statements are not the same as those used to control operations. 10 Total Points

Review Article: Variable Costs and Fixed Costs
Complete: Exam 6

Lesson 7: Operational Budgeting

Operational budgets are not the same as capital budgets. 10 Total Points

Review 3 Articles: Differences and Similarities of Capital and Operational Budgeting; Preparing the Master Budget for your Company; What is Strategic Planning?
Complete: Exam 7

Lesson 8: Operating and Financial Leverage

Operating leverage is the extent fixed assets associated with fixed costs are being used by the firm. 10 Total Points

Review 3 Articles: Operating Leverage How it works/Example; BREAK-EVEN POINT; How to Calculate Your Business Break-even Point!
Complete: Exam 8

Lesson 9: Working Capital Management

Working capital management examines the relationship between short-term assets and short-term liabilities. 10 Total Points

Review 3 Articles: The Importance of Working Capital Management; Liquidity Measures: Net Working Capital, Current Ratio, and Quick Ratio; Ratios and Formulas in Customer Financial Analysis
Complete: Exam 9

Lesson 10: Current Asset and Debt Management

Asset management ratios calculate the efficient use of a variety of assets, and their contribution to the overall strength of the company. 10 Total Points

Review 4 Articles: Difference Between Profitability Ratios and Asset Utilization Ratios; Insights into Operating And Financial Leverage; The Ten Tools of Profitable Revenue Growth; The Role of Finance in the Strategic-Planning and Decision-Making Process
Complete: Exam 10

Lesson 11: Capital Budgeting

Expansion requires large expenditures. Effective capital budgeting improves the overall timing of the asset acquisition (cost savings), and quality of assets purchased. 10 Total Points

Review 2 Articles: Capital Budgeting: The Importance Of Capital Budgeting; What is a capital expenditure versus a revenue expenditure?
Complete: Exam 11

Lesson 12: Decisions and Risk

Capital budgeting helps determine if a potential long-term investment will be profitable. It is an investment concept that requires a committed investment of funds, if a future return is to be realized. 70 Total Points

Take Poll: Let us know what you think of this course
Complete: Exam 12
Complete: The Final Exam

180

Total Course Points

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