Essential Finance For Managers

Putting Your Money Where Your Mouth Is: All the finance fundamentals you need to start better managing your business
4.6 (8 ratings)
Instead of using a simple lifetime average, Udemy calculates a
course's star rating by considering a number of different factors
such as the number of ratings, the age of ratings, and the
likelihood of fraudulent ratings.
649 students enrolled
40% off
Take This Course
  • Lectures 79
  • Length 5.5 hours
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
Wishlisted Wishlist

How taking a course works


Find online courses made by experts from around the world.


Take your courses with you and learn anywhere, anytime.


Learn and practice real-world skills and achieve your goals.

About This Course

Published 4/2015 English

Course Description

Are you a manager (or a would-be manager) who is baffled by balance sheets or confused by cash flow statements?

We're not all financial wizards, but it's not just accountants that have to deal with numbers in their everyday business. As a manager, whether you like it or not, you're going to have to spend some time on spreadsheets and have some sort of financial reconciliation as part of your job duties. Understanding those numbers, and using them to make key changes, is often vital to an organisation's success.

You don't need a degree in accounting to learn the in's and out's of your company's finances. You only need a foundation and understanding of the essentials.

  • Understand the ins and outs of financial record keeping. With a fundamental understanding of accounting practices, managers can make decisions that add to their bottom line. Your day-to-day business can give you a view of how your employees and various departments function, but there's no substitute to understanding your business finances.
  • Take control of your organisation's financial health. Your organisation's financial statements contain valuable data about your company's operating results, financial viability, and profitability. The relationship between certain items of financial information can be used to identify areas where your organisation excels and, more importantly, where there are opportunities for improvement. Using, understanding, and interpreting these statements will help you make much better business decisions.
  • Get the skills you need to help your make vital financial decisions. Essential Finance for Managers is packed with 79 lectures of fundamental instruction to help you improve your skills and learn how to harness the power of number crunching to maximize your success.

What are the requirements?

  • Have a laptop or desktop computer with internet access
  • Headphones or speakers
  • Basic familiarity with concepts and vocabulary in finance and management
  • Thirst for knowledge and self-development
  • Ability to relate concepts in finance to the business management context
  • Patience and diligence for reading extra material and completing review assignments

What am I going to get from this course?

  • Be more comfortable with the financial aspects and departments in your organisation.
  • Understand how and why financial records are kept and the requirements for reporting.
  • Analyze financial statements to assess an organization's financial health.
  • Distinguish between financial accounting and managerial accounting.
  • Interpret budgeting, control and variance analysis.
  • Evaluate a project based on the financial merits of its forecast.
  • Manage your team and projects with a better understanding of budgets and finance.

Who is the target audience?

  • New and old business owners without an in-depth understanding in finance
  • Business professionals who want to advance their financial comprehension for personal and professional growth
  • Middle and top management needing a better grasp of their finance departments and employees
  • Team leaders and project managers who require a better understanding of financing and budgeting their teams and projects for successful results
  • Finance and business management students who want to get a headstart on their career

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.


Section 1: What Is Finance?
Finance For Managers : Recommended Reading
The Definition of Finance
The Essence of Finance
How Accounting And Finance Differ
Section 2: How Finance Affects Your Job
Understanding Your Organization With Finance
Further Reading: CFOs - Not Just For Finance Anymore
The Role Of Finance
Review Quiz: How Finance Affects Your Job
2 questions
Section 3: Accounting As A Language
Accounting As A Language
Test Yourself! Apple's Income Statement
1 question
Review Quiz: Accounting As A Language
2 questions
Section 4: Critical Balance Sheet Vocabulary
Critical Balance Sheet Vocabulary
Further Reading: Financial Accounting Standards Board
Review Quiz: Critical Balance Sheet Vocabulary
2 questions
Section 5: Income Statement and Cash Flow Lingo
Important Terminology
What Is Cash Flow?
Learn More & Test Yourself! 10-K Form
1 question
Review Quiz: Income Statement and Cash Flow Lingo
9 questions
Section 6: A Quick Intro To Bookkeeping
A Quick Intro To Bookkeeping
Bookkeeping Note
True Story: The Bookkeeper Of Venice
Review Quiz: A Quick Intro To Bookkeeping
6 questions
Section 7: Fundamental Accounting Relationships
Accounting Is a Language With Grammar
Assets = Liabilities + Equity
Learn More & Test Yourself! Assets=Liability+Equity
1 question
Debits = Credits
Section 8: Good Accounting Principles
Basic Assumptions In Accounting
True Story: What Your Employees Don't Know Will Hurt You
Matching, Conservatism, Full Disclosure and Materiality
Further Reading: Apple’s Stock May Not Be as Cheap as It Looks
Generally Accepted Accounting Principles and Cash/Accrual Basis
Review Quiz: Good Accounting Principles
1 question
Section 9: Cost Accounting
Cost Accounting
Review Quiz: Cost Accounting
2 questions
Section 10: The Balance Sheet
Note to Student
What Is A Balance Sheet?
Further Reading: Using EDGAR - Researching Public Companies
Current Ratio
Further Reading: Follow David Dreman Guru Analysis for General Motors Company
Quick Ratio
Financial Leverage Ratio
Debt To Equity Ratio
Learn More & Test Yourself! Debt To Equity Ratio and Ford Motor Co.
1 question
Review Quiz: The Balance Sheet
8 questions
Section 11: The Income Statement
What Is An Income Statement?
True Story: Trust ADP? It’s Complicated
Profit Ratios
Learn More & Test Yourself! Microsoft's 2012 10-K
1 question
Note to Student
Review Quiz: The Income Statement
9 questions
Section 12: Cash Flow Statements
General Features of Cash Flow Statements
Note to Student
The Company's Profit And Cash Flow
Review Quiz: Cash Flow Statements
2 questions
Section 13: Annual Report
The Year In Review
Financial Statements and Beyond Financials
Additional Reporting
Review Quiz: Annual Report
2 questions
Section 14: What Is Corporate Finance?
What Is Corporate Finance?
Goals Of Corporate Finance
Present And Future Values
Review Quiz: What Is Corporate Finance?
4 questions
Section 15: Making Profitable Decisions
Time Value of Money
Calculation of Present Value
Present Value and Profitability of Investments
Further Reading : Dead Money
Net Present Value
Further Reading : Champion Announces Preliminary Feasibility
Strengths and Weaknesses of Net Present Value
Applying Net Present Value to Different Business Scenarios
Review Quiz: Making Profitable Decisions
6 questions
Section 16: Present Value Index
Deciding Between Projects
Reviewing the Present Value Index
Strengths and Weaknesses of the Present Value Index
Review Quiz: Present Value Index
7 questions
Section 17: Payback Period
What Is Payback Period?
How To Collaborate With Your Finance Department And Calculate Payback Period
Review Quiz: Payback Period
6 questions
Section 18: Capital Markets
Capital Markets Can Provide Rates
The Bond Market As A Guide For the Time Value of Money
Further Reading: Market Risk Premium
Adjusting For Risk

Students Who Viewed This Course Also Viewed

  • Loading
  • Loading
  • Loading

Instructor Biography

Global Finance School, Online Finance and Management Education

Global Finance School, Instructed by Mr. Simanovsky, has been leading innovation in the field of financial studies for over 30 year. Mr.Simanovsky has written 27 bestsellers books on Finance education, including Finance for Beginners, Statistics for Beginners, and Stock Market for Beginners.

Mr. Simanovsky, who also co-founder of Meitav Group, an Asset Management and Investment Banking firm with over 7 billion USD under management, brings his real life experience to create a pragmatic learning experience, especially suited to professionals aspiring to advance in financial positions.

With over 3 decades of experience, Mr. Simanovsky and his team of finance professionals and e-learning experts from around the globe developed an extraordinary ability to explain and teach financial topics by providing a wide variety of easy to access high quality business education tools.

Global Finance School is known for its unique teaching style that sets to make finance a fun topic, intuitive to understand, and very engaging.

Ready to start learning?
Take This Course