Why do companies need managers?

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The Complete Finance Manager Course 2021

Financial Management, ERP systems, Accounting, Capital budgeting, Presentation design, Management, and Negotiation

12:50:06 of on-demand video • Updated January 2021

  • Understand how companies measure financial performance
  • Determine why ERP systems facilitate business process
  • Employ best practices when working on the implementation of an ERP system
  • Learn basic accounting principles
  • Specialize in advanced accounting topics (revenue recognition, invoicing mechanics, cost flow methods, capitalized costs, fair value accounting, revaluation, etc.)
  • Secure financing and understand debt covenants
  • Perform leasing calculations
  • Perform pension liabilities calculations
  • Know how to optimize a company's working capital
  • Perform inventory, trade receivables, and trade payables management
  • Recognize when a company is inefficient in its working capital management
  • Understand the time value of money
  • Be able to calculate cost of debt, cost of equity, and WACC
  • Forecast future cash flows
  • Discount future cash flows to obtain their present value
  • Know how to raise equity
  • Understand the treatment of dividend payments, share repurchases, and stock splits
  • Perform financial statement analysis
  • Assess investment opportunities
  • Apply capital budgeting techniques such as: NPV, IRR, and ROI
  • Build capital budgeting financial models from scratch
  • Perform sensitivity analysis
  • Create interactive Excel dashboards
  • Use Excel slicers for financial reporting
  • Create professional and attractive corporate presentations - in line with ones prepared by top tier investment banks
  • Study the ten key principles of presentation creation
  • Learn how to create company profile, key financials, share price, group structure, waterfall, geographical presence, and other types of slides used in finance
  • Calculate a company's net cash flow
  • Be able to create a company valuation model from scratch
  • Calculate a firm's enterprise and equity value using DCF
  • Learn how to become an effective and respected manager
  • Be able to recruit, select, onboard, train, develop, and retain talented employees
  • Provide employee feedback
  • Organize performance review meetings
  • Negotiate effectively
  • Apply negotiation tactics that will ensure your success in the long run
English [Auto] And the first part of the course we studied business strategy and it's not a coincidence we're now focusing on management. There is a strong relation between the two briefly strategy is the master plan. It is the way we intend to win the battle. Management is about how we will use the resources at our disposal to achieve this. This is how we fight the battle how we execute to ensure an organization is on the right course to achieve its goals as planned in the same way a ship plans its journey before leaving the harbor and once it does it needs strong leadership to navigate through the sea deal with unforeseen circumstances and reach the desired destination in the business world of today. Managers have outgrown the role of Supervisors and have become. Those who recruit retain and inspire the people working in a company. Given that the people who work in a firm are often considered its most valuable asset. The role of managers becomes even more critical. They shape the company's future by attracting new talents and empowering them to grow and flourish inside the organization. Research has shown the most important factor in employee productivity is the quality of the employee manager relationship. Talented young people are not just looking for a person to report to and contact when they can't resolve a tricky situation. They are interested in tutorship guidance and share decision making responsibilities. They want to establish a relationship that would allow them to grow professionally by being actively involved and continuously learning. A good manager knows these needs and is constantly eager to challenge her employees while ensuring they are productive and useful to the company. If we think of a company as an organization with a pyramid structure which is correct for most firms the firm's CEO will be at the top right below him will be managers with different seniority. We will typically have Vice Presidents directors senior managers managers and then employees. This structure is necessary because it defines areas of responsibility. Vice presidents will coordinate the work of several directors directors will have several senior managers reporting to them and so on. Organizations need managers because they serve as a link between divisions units and teams. Often it is managers of different teams who communicate among each other and clarify how their teams can work together. If too many people are involved in every discussion the communication becomes ineffective. Can you imagine what it would be like if there were no managers. Companies would have a very difficult time organizing their workflow coordinating the efforts of hundreds and thousands of employees would be impossible so we can conclude that managers play an important role in the way companies function. Their role encompasses a wide range of responsibilities. We can point out a few workload organization staff management strategic planning cost control personnel training and development critical issue identification project management all these areas require their leadership and confident involvement. I'm sure you'll agree with me this isn't an easy job right but this makes it more interesting. In our next lesson we'll learn what makes a good manager. Thanks for watching.