Corporate Finance for Non-Financial Managers
1h 53mGeneral2024-08-20
Authors
Jim Stice
Professor of Accounting at BYU
Kay Stice
Professor of Accounting at the BYU Marriott School of Management
Course details
No matter the kind of business you’re in—a cloud computing startup, a restaurant, an online craft store—knowing how to actively engage with the numbers associated with running a business is crucial. In addition to knowing the field and industry your business is in, you have to know how to make the business work, financially. In this course, Kay and Jim Stice offer an introduction to finance and accounting designed for people who don’t have a finance or accounting background. Learn about fixed and variable costs, weighted-average cost of capital, lines and credit, and other basic concepts that anyone who runs a business should know.
Skills covered
Personal FinanceAccounting SkillsCorporate FinanceFinance and AccountingLearningProfessional Development
Concepts
0. Introduction
- 01 - Should you know more about finance and accounting
- 02 - How to make wiser business decisions
- 03 - Don t fear the numbers
1. Overview of Finance
- 04 - Finance inside and outside of companies
- 05 - Risk and return
- 06 - Obtaining long-term financing
- 07 - Securities markets
- 08 - Financial institutions
2. Overview of Accounting
- 09 - Accounting - Helping entrepreneurs turn dreams into reality
- 10 - Bookkeeping - The importance of basic information systems
- 11 - Financial accounting - Communicating with outsiders
- 12 - Managerial accounting - Detailed information for internal decision making
- 13 - Income taxes - Tax planning and tax compliance
3. Short-Term Financial Management
- 14 - Basic cash budget
- 15 - The operating cycle and supplier financing
- 16 - Working capital management - Cash, accounts receivable, and inventory
- 17 - Obtaining short-term bank financing
- 18 - Internal controls
4. Financial Statement Analysis
- 19 - Widely-used ratios - Debt ratio and current ratio
- 20 - Common-size financial statements
- 21 - DuPont framework
- 22 - Valuation using price multiples
5. Capital Budgeting
- 23 - Time value of money
- 24 - Cost of capital - CAPM, WACC, and other models
- 25 - Capital budgeting
- 26 - Financial modeling and forecasting financial statements
Conclusion
- 27 - Data-informed decisions
- 28 - Measures that are used (or could be used) in your role