The Complete Finance Manager Course

Investigate how to measure financial performance by analyzing revenues, expenses, assets, and liabilities across modern data files, and leverage data-driven drivers to improve the bottom line.

Explore how information technologies and ERP systems empower finance managers to measure performance with detailed data on customers, profiles, purchases, and inventory across online and offline channels.

Explore how enterprise resource planning systems integrate suppliers, products, employees, and customers to boost profitability. See how these systems automate cost tracking, invoicing, and delivery logistics with real-time data.

Discover the strongest advantages of ERP systems: integrated, cloud-based platforms that provide visibility across all processes, easy cross-divisional communication, reliable data, and powerful financial reporting with live dashboards.

Explore the major difficulties of implementing an ERP system, including high costs, data structure differences, go-live risk, and the need for extensive customization and training hours.

Align executives and project teams with a formal ROI business case to guide ERP implementation, plan with consultants, train super users, and stage the project in small steps.

Finance managers must lead ERP design to ensure data visibility, automate inventory management, and measure ROI with KPIs that drive efficient, timely financial reporting.

Explore how Hershey's erp system implementation failed due to rushed data migration, insufficient testing and training, and go-live during peak production, causing sales losses and lower investor value.

Review accrual accounting fundamentals, revenue and cost recognition, and how to classify revenues and costs, with insights on ERP benefits and best practices for implementation.

Compare US GAAP and IFRS, explain why an international standard emerged, and outline convergence prospects and multinational reporting implications.

Explore the income statement, balance sheet, and cash flow statement to understand performance, financial position, and liquidity, including profit or loss, assets, liabilities, and cash movements.

Learn how revenue comprises net sales and other revenue, differentiating core business income from non-core sources, and how total revenue is calculated and valued.

practice distinguishing revenue from other revenues by evaluating a firm’s core activity, illustrated with SolarCity’s photovoltaic projects and Google’s rooftop solar income.

Identify cost items such as cost of goods sold, selling, general and administrative costs, depreciation and amortization, interest expenses, and taxes. See how these influence gross profit and net income.

Explore income taxes for individuals and corporations, including federal and state taxes, the difference between accounting income and tax calculations, and how the average tax rate is calculated.

Explore depreciation and amortization for tangible and intangible assets, covering straight-line and activity-based methods, salvage value, useful life, and finite-life intangibles.

Explore the main asset types on the balance sheet, from cash and receivables to inventory and property, plant, and equipment, including current versus non-current distinctions and depreciation.

Analyze how a 2017 balance sheet classifies assets, from cash and available-for-sale securities to deferred taxes and prepaid expenses, and examine property, plant and equipment, goodwill, and trademarks.

Explore the liability side of the balance sheet, including accounts payable, financial liabilities, taxes, and provisions, and distinguish current from non-current obligations while examining practical implications for financing.

Explore practical liability categories on a balance sheet, including accounts payable, accrued liabilities, liabilities held for sale, and current debt, plus long-term debt and deferred income taxes.

Explore shareholders' equity and its sub-items, including paid-in capital, starting capital, retained earnings, and net income, and see how profits impact the balance sheet and dividends.

Explore how accrual accounting records revenues and costs when earned or incurred, not when cash is exchanged, highlighting the distinction between income and cash.

Learn how revenue is recognized when realized and earned, not when cash arrives, and how timing differences relate to delivery, trade receivables, and prepaid revenue.

Apply IFRS revenue recognition by meeting five criteria: risks and rewards transferred; seller has no control; collection is reasonably assured; revenue is measurable; costs of earning revenue are measurable.

Understand how revenue recognition influences CEO incentives, profits, and financing through early revenue temptations. Note how international financial reporting standards criteria and auditors safeguard revenue reporting.

See how five revenue recognition criteria apply in a juice bar scenario, analyzing risks and rewards transfer, control handover, payment collection, and partial revenue recognition with a prepayment.

Explore how expenses are recognized in the income statement when incurred, not when cash moves, through scenarios with payments, delays to trade payables, and prepaid expenses.

Explore the matching principle by recognizing expenses in the same period as revenues, and distinguish product costs from period costs with examples like meat purchases and rent.

Discover the two main income statement formats, single step and multi-step, comparing revenues, COGS, gross profit, and operating income, and learn why the multi-step format is preferred for readability.

Develop your understanding of balance sheet essentials by examining assets, liabilities, and equity, with a focus on trade receivables, inventories, fixed assets, trade payables, and financial liabilities.

Explain how trade receivables appear as assets on the balance sheet when selling on credit, and how invoice terms, collection management, credit period, and an erp system shape their value.

Learn how to manage late payments by accruing interest, recognizing irrecoverable debt, and using bad debt allowances to reflect expected receivables and preserve the matching principle.

Use predictive analytics to identify delinquent customers and tailor proactive messaging. Add self-service options, paperless billing, and a debt collection approach to boost collections and cut bad debt provisions.

Offer a 2% discount for payment in 30 days to accelerate receivables, reducing balance sheet receivables; record via upfront discount or credit note, boosting cash flow for working capital.

Explore inventory as a key working capital asset, balancing raw materials, work in progress, and finished goods, and optimize logistics, costs, and cogs capitalization across merchandisers, manufacturers, and service firms.

Learn how inventory links to COGS and the P&L, with the COGS equation and year-end inventory relation; distinguish product costs from period costs, and identify what gets capitalized.

Explore how cost flow methods determine cogs and inventory when prices fluctuate, covering specific identification, fifo, lifo, and weighted average, under ifrs and us gaap rules.

Engage in a practical exercise on cost flow methods to calculate cogs and inventory under four methods using the provided excel file, then discuss inflation implications in the course q&a.

Explore the three types of fixed assets (tangible, intangible, and financial assets) and how capitalizing versus expensing costs affects depreciation, amortization, balance sheets, profits, and taxes.

Learn how to capitalize interest expenses tied to financing fixed assets under IFRS and US GAAP, and depreciate them along with the asset over its useful life.

explain fair value accounting versus historical cost for balance sheet assets, and apply one method consistently across all assets in a category, with real estate valuations.

Differentiate intangible assets by finite versus infinite life, applying amortization to finite life assets and annual impairment testing to infinite life assets such as brand names, logos, and websites.

Compare IFRS revaluation for fixed assets with US GAAP's stance, and see how fair value affects equity and the income statement through a real estate example.

This practical exercise shows how downward and upward revaluations under the revaluation model affect carrying value, depreciation, and split of revaluation effects between profit and loss and other comprehensive income.

Explain how intangible assets created internally are expensed or capitalized under IFRS and US GAAP, including research vs development treatment, software feasibility, and internal-use capitalization.

Examine trade payables as a short-term liability on the balance sheet, and learn how bargaining power and payment terms influence working capital and the accounts payable vs notes payable distinction.

Differentiate accounts payable from notes payable, trade payables on the liability side of the balance sheet; notes payable is more enforceable due to a promissory note, invoices can be disputed.

GlaxoSmithKline adopted e-invoicing to process 90% of invoices electronically, cut costs through efficiency, and improve supplier payments with a tracking portal and Genpact partnership.