When it comes to numbers, there is always more than meets the eye. In operational finance, you will learn how to read the “story” that the balance sheet and income statement tells about the company’s operations. The insights you gain from this “financial story” will then become a tool for short-term decision-making at the top management level relating to current assets, current liabilities and the management of working capital. Finally, by the end of the course you will understand the financial consequences of managerial decisions on operations, marketing, etc.
Este curso faz parte do Programa de cursos integrados Foundations of Management
Operational Finance: Finance for Managers
oferecido por
Programa de cursos integrados Foundations of Management IESE Business School IESE Business School - Instituto de Estudos Superiores da Empresa
Informações sobre o curso
4.8
314 classificações
Habilidades que você terá
Dupont AnalysisManagement AccountingBusiness AnalysisFinance
Programa - O que você aprenderá com este curso
Semana
14 horas para concluir
Course Overview & Week 1
Welcome to Operational Finance: Finance for Managers. In this course you will learn the basics of operational finance to help you make sound financial decision or to run a robust business! Before you get started with this week's video content, please have a look at the course syllabus. In this first week, we'll discuss what operational finance is all about by looking at a business case. What do the numbers on the Balance Sheet and P&L Statement tell us about its performance and future prospects? If you were a bank, would you approve a half million euro loan for this business? Why or why not? Course objective: To get an overview of operational finance and the types of analyses necessary to develop solid financing decisions.
16 vídeos (total de (Total 82 mín.) min), 6 leituras, 1 teste
16 videos
1.- Operational Finance: Course Outline1min
2.- Introduction: Operational Finance2min
3.- Polypanel Case: What to do?7min
4.- Polypanel Case: What to do? (continued)5min
5.- Business Analysis Part 1: Sales7min
6.- Business Analysis Part 1: Sales, (continued)3min
7.- Business Analysis Part 2: Strategy and Management5min
8.- P&L Analysis Part 1: Sales and Gross Margin6min
9.- P&L Analysis Part 1: Sales and Gross Margin, (continued)3min
10.- P&L Analysis Part 2: OPEX, EBITDA and Financial Results6min
11.- P&L Analysis Part 2: OPEX, EBITDA and Financial Results, (continued)2min
12.- What is a Balance Sheet?7min
13.- Polypanel's Balance Sheet8min
14.- Polypanel's Balance Sheet, (continued)7min
15.- Brief Recap3min
6 leituras
Course Overview & Syllabus10min
About Week 110min
Required Reading Week 120min
Optional Reading10min
Financial Terms & Definitions10min
Quiz Week 1 Solutions & Explanations10min
1 exercício prático
Quiz 120min
Semana
23 horas para concluir
Week 2: Operational Ratios and Forecasting
In week 1, we looked at Polypanel’s Balance Sheet and P&L Statement. In the Balance Sheet, we noted that receivables increased from €188,000 in 2004 to €649,000 in 2007. We left off with the question: Is this difference due to an increase in sales or delays in payments from customers?
In week 2, we will introduce operational ratios, the tools we need to disentangle both effects and understand what’s going on below the surface. We will also conduct a forecasting exercise of Polypanel to understand how well it will be positioned to pay back a potential credit line in the future. Objectives: By the end of the session you will understand the different types of operational ratios (Days of Collection, Days of Inventory and Days of Payables) in order to analyze how well a business is performing. You will also learn how to use forecasting to support financing decisions.
14 vídeos (total de (Total 72 mín.) min), 4 leituras, 1 teste
14 videos
2.- Recap from Week 1, (continued)6min
3.- Operational Ratios: Days of Collection5min
4.- Operational Ratios: Days of Collection, (continued)3min
5.- Operational Ratios: Days of Inventory3min
6.- Operational Ratios: Days of Inventory, (continued)4min
7.- Operational Ratios: Days of Payment6min
8.- Operational Ratios: Days of Payment, (continued)4min
9.- Forecast of the P&L7min
10.- Forecast of the Balance Sheet (Theory)5min
11.- Forecast of the Balance Sheet (Theory), (continued)5min
12.- Forecast of the Balance Sheet (Polypanel)6min
13.- Forecast of the Balance Sheet (Polypanel), (continued)3min
14.- Brief Recap3min
4 leituras
About Week 210min
Required Reading Week 230min
Optional Reading10min
Quiz Week 2 Solutions & Explanations10min
1 exercício prático
Quiz 222min
Semana
33 horas para concluir
Week 3: Diagnosis and Action Plan
By now you have a pretty good grasp of the Polypanel case and the main issues that could impact future financing. This week, it’s time to roll up our sleeves and work out a diagnosis for these issues. We’ll discuss Need of Funds for Operations (NFO) and Working Capital (WC), two concepts that will help us better understand the company’s problems. Finally, with a solid diagnosis we can develop an action plan that will lead to sustainable growth. Objectives: By the end of the session you will have a framework for diagnosing a company’s financial health. You’ll also gain insights into how to develop an action plan to address its problems.
13 vídeos (total de (Total 77 mín.) min), 3 leituras, 1 teste
13 videos
2.- Recap from Week 2, (continued)7min
3.- Diagnosis (I)6min
4.- Need of Funds (NFO) and Working Capital (WC)6min
5.- Need of Funds (NFO) and Working Capital (WC), (continued)4min
6.- Diagnosis (II)4min
7.- Action Plan (I)7min
8.- Action Plan (I), (continued)6min
9.- Action Plan (II)6min
10.- Action Plan (II), (continued)5min
11.- Sustainable Growth6min
12.- Sustainable Growth, (continued)6min
13.- Brief Recap5min
3 leituras
About Week 310min
Required Reading Week 345min
PolyPanel Balance Sheet and P&L with Forecast & Solutions to Quiz 310min
1 exercício prático
Quiz 322min
Semana
44 horas para concluir
Week 4: Negative NFO and DuPont Analysis
In this final week, we will introduce the final pieces of the puzzle to give you a complete overview of operational finance. We’ll discuss tools like sensitivity analysis that will help you consider the potential outcome of a decision given different variables. In this session we will also look at other crucial concerns for the firm and its shareholders like sustainable growth and ROE (Return On Equity) plus revisit NFO (Need of Funds for Operations) and other topics. Objectives: By the end of this session, you should have a complete overview of the key aspects of operational finance. You will also understand what tools financial professionals use in order to make decisions to strengthen a company’s position.
16 vídeos (total de (Total 86 mín.) min), 3 leituras, 2 testes
16 videos
1.- Recap from Week 37min
2.- Recap from Week 3 (Part 2)3min
3.- Sensitivity Analysis7min
4.- Sensitivity Analysis (Part 2)5min
5.- An Example of Sustainable Growth6min
6.- Minimum Cash and Other Elements in the NFO7min
7.- Seasonal Companies6min
8.- Building up the ROE (Part 1)3min
9.- Building up the ROE (Part 2)5min
10.- Building up the ROE (Part 3)4min
11.- Blind Financial Statements5min
12.- Blind Financial Statements (Part2)3min
13.- Blind Financial Statements (Part 3)7min
14.- Brief Recap2min
15.- Course Conclusions6min
3 leituras
About Week 410min
Considerations for Final Exam Parts I & II - Week 410min
Final Quiz Week 4 Part I Solutions10min
1 exercício prático
Quiz Week 4 - Part 120min
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Melhores avaliações
por IA•Aug 15th 2018
It's a great course that helps break components of P&L and balance sheet.\n\nEmphasis is on Receivables, Payables, Dupont analysis and how these variables affect the cash/bank position of the firm.
por SS•Apr 14th 2017
Excellent course, Very highly recommend it! This is my first course in Coursera and what a surprise, it was great! Well explained, concise and the professor is excellent. This class is A+
Instrutores
Miguel Antón
Associate ProfessorFinancial Management
Sobre IESE Business School IESE Business School - Instituto de Estudos Superiores da Empresa
For over fifty years, IESE, the graduate business school of the University of Navarra, has been at the forefront of management education, developing and inspiring business leaders who strive to make a deep, positive and lasting impact on the people, companies and society they serve.
Sobre o Programa de cursos integrados Foundations of Management
Good management is equal parts knowing and doing. No matter what industry you work in or where you are in your career, a basic understanding of financial, marketing and decision-making principles and other management fundamentals will help you achieve your professional goals - be it getting promoted in your current job, getting ready for a MBA program, or starting your own company.
This Specialization will give you a comprehensive introduction to the practice of management through the lens of four key disciplines: accounting, finance, marketing, and organizational behavior. In each course, you'll analyze real business cases from these four perspectives. In the final Capstone Project, you’ll apply what you’ve learned to develop a holistic solution to a real-world business dilemma.
This Specialization will provide you with the skill set needed to help achieve the next step in your career.
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