Financial Tricks For Surefire Success

Name: Financial Tricks For Surefire Success
Rating: 4.4 (12 reviews)

An essential guide for entrepreneurs and managers

Created byDr. Veena G

Last updated 6/2023

English

What you'll learn

Financial knowledge for managing business
How to read and analyze cash flow statement
Increase profitability of current business
Stay away from pitfalls of debt
Turn around any unprofitable business

Course content

3 sections • 40 lectures • 2h 24m total length

Introduction0:34
Explore the three fundamental financial statements: balance sheet, income statement, and cash flow statement, and learn what they include, why they are important, with examples throughout the section.
Balance sheet1:36
Study the balance sheet, a fundamental financial statement showing assets, liabilities, and equity at a point in time. See how assets and liabilities balance with shareholders' equity.
Concept of Asset2:31
Explore how assets include current and fixed assets—inventories, cash, land, equipment, buildings, and financial instruments—along with depreciation, book value, and intangibles like intellectual property.
Liabilities DeMystified1:04
Define liabilities as debts to suppliers and creditors, including bank loans; distinguish current and long-term liabilities such as accounts payable, short-term loans, and bonds or mortgages.
Owners Equity1:18
Understand how assets minus liabilities equal owners equity, including retained earnings and contributed capital (paid-in capital) as key balance sheet components.
Importance Of Balance Sheet5:18
Examine how balance sheet figures reveal a company’s efficiency by analyzing working capital, inventory, and financial leverage; learn how inventory levels and leverage risk impact profitability.
Historical Cost & Human Asset2:12
This lecture explains historical cost on balance sheets, contrasts it with market values, and notes that goodwill and other intangibles are captured mainly through acquisitions.
Income Statement2:45
Explore how the income statement reveals profit or loss by detailing revenues minus expenses over a period, including cost of goods sold, gross profit, operating expenses, depreciation, taxes, and interest.
Income Statement In Detail3:20
Explains the items in the income statement, from cost of goods sold to net profit, and shows how gross profit, operating expenses, depreciation, and taxes and interest flow into EBIT.
Importance Of Income Statement3:03
Understand the income statement's role in year-over-year comparison to spot trends and guide revenue generation, budget management, and p&l decisions, including depreciation and operating expenses.
Cash Flow Statement2:04
Learn how the cash flow statement tracks cash acquired and spent over a period. Discover how the three activities (operating, investing, and financing) reveal the bottom line.
Importance Of Cash Flow Statement2:11
Understand how the cash flow statement converts profits to cash, ensuring solvency and timely bill payments. Explore its impact on budgeting, investments, receivables, inventory, and reporting to shareholders.
The Fundamentals Closing Note1:29
Explore the balance sheet, income statement, and cash flow statement, their contents and importance, and how executives, shareholders, lenders, and suppliers use them to assess performance and capital management.
Select the right answer:
Select the right answer:
Select the right answer:
Select the right answer:

Introduction1:00
Kick off your course with an introduction to financial tricks for surefire success, outlining the study focus and setting the stage for practical money strategies.
Practical Tools In Finance12:23
Explore practical tools in finance, including cost-benefit analysis, accounting return on investment, payback period, and break-even analysis, to assess investment options and understand fixed and variable costs and operating leverage.
How To Measure Financial Health ( Ratio Analysis ) ?1:10
Explore interpreting the balance sheet, income statement, and cash flow statement through ratio analysis to compare performance with competitors or past results, using profitability, operating, liquidity, and leverage ratios.
Profitability Ratios3:41
Explore key profitability ratios—return on assets, return on equity, return on sales, gross profit margin, EBIT margin, and EBITDA margin—and learn their calculations and cross-size comparisons.
Operating Ratios4:58
Explore operating ratios that measure a company’s efficiency in using assets and managing cash, including asset turnover, receivable days, days payable, and days in inventory, and how to calculate them.
Liquidity Ratios2:53
Learn how liquidity ratios gauge a company's ability to meet short-term obligations using the current ratio and quick ratio (acid test), noting that the quick ratio ignores inventory.
Leverage Ratios2:27
Explore leverage ratios that show a company's debt use and its ability to cover debt costs, using interest coverage (EBIT / interest expense) and debt-to-equity calculations for bankers and lenders.
Other Assessment Methods4:26
Explore how valuation methods assess a company's financial health, including earnings per share, price-to-earnings, EVA, growth indicators, and productivity metrics like sales per employee to gauge value creation.
Understanding Cash Flow Statement4:36
Explore how the cash flow statement reveals how a company acquires and spends cash, signaling financial health. Identify how customer satisfaction, invoicing accuracy, credit decisions influence cash flow and payments.
Understanding Supply Chains3:16
Optimize the supply chain to lower costs and speed production, boosting return on invested capital through customer-centric practices and a clear understanding of what users want.
Understanding Market Cap0:57
Explore how market capitalization defines the value of a publicly traded enterprise, calculated as stock price times the total number of shares, and how daily price moves affect it.
DSO, it's relevance and how it can improve your profit ?4:14
Learn how days sales outstanding reflects accounts receivable and working capital, and how credit policies and customer service influence payment speed and a company's financial health.
How To Manage Inventory7:11
Learn to manage inventory by applying lean manufacturing, just-in-time inventory, and EOQ to reduce frozen cash, balance customization with standardization, and optimize working capital.
Measures Of Generating Profits6:28
Explore three essential measures of profitability—growth, cash generation, and return on assets—and learn how cash flow, asset velocity, and inventory turns drive sustainable profits.
Profit vs Cash : the untold aspects4:42
Understand why profit and cash diverge: revenue timing, expenses, capital expenditure, and depreciation create gaps between income statements and cash flow.
Profit vs Cash Explained via a simple story3:42
Contrast profit and cash flow through a simple story, showing Mary earns profit but lacks cash, while Tony has cash but no profit, illustrating timing gaps.
Profit Without Cash : A Case Study7:39
Explore why a profitable business can run out of cash due to 60-day receivables and 30-day payables, and learn strategies to improve cash flow and finance growth.
Cash Without Profit : A Case Study8:06
In a case study, cash grows while the business remains unprofitable due to 60‑day payables and rising costs. Learn how profit and cash differ and how to boost profitability.
How To Present Your Business Idea : Surefire method to get funding fast6:38
Explain your idea in finance terms by building a cash flow model, converting benefits to numbers, and applying ROI, payback, break-even, DCF, NPV, and IRR to win funding.
Boost Your Business Profit By Increasing Your Efficiency & Effectiveness.4:55
Analyze profitability per customer or region, monitor skus and brands, and consolidate production. Cut unprofitable low volume products, optimize inventory with just-in-time practices, and align pricing with demand.
How To Analyse Your Competitor ? The Right Way.2:50
Learn why competitor analysis matters and apply three practical tips: study reports and press releases, consult analysts, and attend industry conferences to anticipate rivals' moves.
Closing Note1:05
Apply essential financial tricks to secure surefire success as this closing note wraps up the course.
Bonus lesson0:53
Explore financial tricks for surefire success in this bonus lesson, highlighting practical ways to apply these tricks toward reliable financial outcomes.

Introduction0:40
Begin your journey with an introduction to financial tricks for surefire success, outlining key strategies and practical steps to improve financial outcomes.
The DONT'S that you should avoid.6:36
Avoid focusing only on current performance. Promote forward-looking measures and blend what you do with what you don't do, guiding decisions with line managers' and finance managers' insights.
What financial statements misses out on ?6:27
Learn how financial statements can be manipulated and fail to reveal the full picture. Explore non-financial health factors like safety, customer satisfaction, and competitive insights.
Closing Note0:45
Explore essential financial tricks for surefire success with a concise closing note that highlights practical strategies for students.

Requirements

Dedication and eagerness to learn new topics

Description

Financial tricks for Surefire Success is not some conventional finance course which you may find elsewhere. This course is structured in a very simple manner to help learners not only understand essential financial concepts for running/managing a business, but also to implement it in their life. You will find that this course won't appear to be boring or dull at any point of time. This is a fun filled and energetic course in finance. Here, the concepts are explained very clearly one at a time. You will find it easy to understand and memorize.

This course is structured into three sections:

Section 1 : Deals about the basics of finance. The fundamental financial statements are explained in a detailed manner.

Section 2 : Deals about Practical aspects related to finance.

Section 3: Deals with the dont's in finance. The most important aspect that you may miss out to notice is highlighted in this final section.

Once you have completed this course, you will find more clarity when taking financial decisions. First section explains you the fundamental financial statements in a detailed manner. It covers financial statements including profit and loss statement, balance sheet and cash flow statement. Second section dives deep into how you can use the knowledge of financial statements to improve the financial health of your company. Here, difference between profit and cash is depicted via story-based examples. Profit without cash & cash without profit are two scenarios covered in detail. Once you go through the case studies, you will have more clarity. Different financial ratios are also covered in detail in this course.

This course is presented in a simple, easy to learn manner.

Why do you wait? Come and learn this course. YOUR surefire success is waiting YOU, right here !!!

Who this course is for:

Business managers
MBA freshers just out of college
Entrepreneurs
Anyone eager to learn more about finance
Shop owners
Micro entrepreneurs

Financial Tricks For Surefire Success

What you'll learn

Explore related topics

Course content

The Fundamentals13 lectures • 29min

How Financial Management Can Improve Your Business23 lectures • 1hr 40min

Observations & Pitfalls To Avoid4 lectures • 14min

Requirements

Description

Who this course is for: