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Financial Planning and Analysis for Nonfinancial Executives
Learn how financial forecasting can improve the longevity of your businessPreview the first lesson free — get full access to all 7 lessons.
Advanced Provider : Raymond Juidici 7 Lessons · 20m in German, English, Spanish, French, Portuguese, Chinese
Course Description
With constant market fluctuation and an unpredictable supply chain, sometimes it can be difficult to project where your business will be tomorrow. That’s where financial forecasting comes in. The data you have today can be used in various ratios and equations to create helpful financial estimates for your business. You can also use different aspects of financial and managerial accounting to better present your finances to potential and existing stakeholders. Streamlined financial reporting, planning, and analysis techniques can improve your business’s competitive strategy.
In this Financial Planning and Analysis for Nonfinancial Executives course, you’ll learn how costing, pricing, and budgeting can be used when creating estimates and projections. You’ll also learn about variance analysis and financial performance management, as well as how financial and managerial accounting work together. You’ll use important financial ratios and forecasting techniques that lead to improved business analysis and performance.
What You'll Learn
- Understand financial forecasting and how today's data feeds estimates and projections for your business
- Interpret important financial ratios to improve business analysis and performance
- Explore the budgeting process alongside costing and pricing
- Apply variance analysis and financial performance measurement techniques
- Examine how financial and managerial accounting work together to present finances to stakeholders
Key Takeaways
- Financial forecasting uses the data you have today, applied in ratios and equations, to create helpful financial estimates for your business.
- Costing, pricing, and budgeting can be used when creating estimates and projections.
- Streamlined financial reporting, planning, and analysis techniques can improve a business's competitive strategy.
- Combining financial and managerial accounting helps present finances to potential and existing stakeholders.
- Financial ratios and forecasting techniques lead to improved business analysis and performance.
Frequently Asked Questions
Who is this course for?
It is designed for nonfinancial executives who want to use financial planning and analysis techniques, including financial ratios and forecasting, to improve business analysis and performance.
What topics does the course cover?
It covers costing, pricing, and budgeting; variance analysis and performance measurement; combining financial and managerial accounting; financial ratios for nonfinancial executives; and financial forecasting.
What skills will I gain?
You will build skills in business analysis, financial analysis, financial analytics, financial calculations, financial forecasting, and non-profit financial management.
What are the main learning objectives?
To understand financial forecasting, interpret financial ratios, explore the budgeting process, and examine financial performance management.
How is the course structured?
It includes lessons spanning an Introduction; Costing, Pricing, and Budgeting; Variance Analysis and Performance Measurement; Combining Financial and Managerial Accounting; Financial Ratios for Nonfinancial Executives; Financial Forecasting; and a Test Your Knowledge section.
