Learn how to determine if a business is profitable and why
Basic Excel Skills
The purpose of this course is to teach you how to perform detailed financial analysis of a business’ (or your company’s) financial situation. This is Intro to Financial Analysis but covers the main topics of Cost / Managerial Accounting.
This course will show you where to focus your analysis and energy but will require you to dig into the financial--both the actual transactions and budget--to come up with the reason why things are happening.
We will work through this Google Sheet together (see course for link).
What You Will Learn
Understanding costs and profit
The difference between variable costs and fixed costs
Contribution/Unit Margin, Total Margin or Profit
How many units do I need to sell to make sure I’m not losing money?
Difference between profit and cash
Why is cash king?
Basics of budgeting and forecasting for a business
Should I start this business?
Basics of variance analysis
Why didn’t I make as much money as I thought I would have?
Personal Finance is easy. It takes 2 hours to learn. The hard part is staying motivated. We build the best personal finance courses,cause no unnecessary harm, use business to inspire and implement solutions to improve financial lives of our peers. Follow us on Instagram to find daily motivational videos. Instagram: @Brainy.Money