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2.- Introduction: Operational Finance

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Finance for Managers

이에세 경영대학원

4.8(364개의 평가) | 11K명의 학생이 등록함

Foundations of Management 전문 분야에서 5의 강좌 2

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.

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Dupont Analysis, Management Accounting, Business Analysis, Finance

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4.8(364개의 평가)

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AC

May 27, 2019

Fantastic course, such a well laid out structure, Miguel sir explained with such enthusiasm, especially the case with Working Capital as to why it's not an asset. An excellent course!!!

JF

Jul 01, 2018

Amazing course, the questions posed are very insteresting and you actually have to think to be able to solve them. The best course of the first 4 courses of this specialization.

수업에서

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.

Welcome to the Course: Intro Video2:58

1.- Operational Finance: Course Outline1:26

2.- Introduction: Operational Finance2:59

3.- Polypanel Case: What to do?7:44

4.- Polypanel Case: What to do? (continued)5:23

5.- Business Analysis Part 1: Sales7:10

6.- Business Analysis Part 1: Sales, (continued)3:33

7.- Business Analysis Part 2: Strategy and Management5:51

8.- P&L Analysis Part 1: Sales and Gross Margin6:18

9.- P&L Analysis Part 1: Sales and Gross Margin, (continued)3:36

10.- P&L Analysis Part 2: OPEX, EBITDA and Financial Results6:14

11.- P&L Analysis Part 2: OPEX, EBITDA and Financial Results, (continued)2:09

12.- What is a Balance Sheet?7:38

13.- Polypanel's Balance Sheet8:36

14.- Polypanel's Balance Sheet, (continued)7:03

15.- Brief Recap3:08

강사:

Miguel Antón
Associate Professor

스크립트

[MUSIC] So, let me start with the first week. In this first session, we are going to divide the content in 6 different points. The first one I will introduce briefly is, what operational finance means. Then afterwards, we will use an example and with that example I will guide you through the understanding of the P&L. And understanding of the balance sheet and trying to make an interpretation of how the company works. Afterwards, we will do a wrap up and understand what we just saw in the whole session. So, let us start with the first point of introduction to Operational Finance. So what do we mean by Operational Finance? So, as you saw in the course of Marc Badia. That he taught Financial Accounting in the first part of this course here at Foundations of Management. That we are teaching here at IESE. You understood a little bit the language of business. He said, to understand a business, we need to understand accounting, which is the basic language of business. In accounting, what you see is, how to understand the different parts of the business that you have to record. Every transaction that happens to the business has to be recorded. And how do you aggregate all those transactions into one financial statement that is called the balance sheet? And in another financial statement that is called the "P&L"? Now, building on that, what we will do is take this to another level which is how do firms actually finance themselves in the short term. By the short term, we mean like, how do firms manage cash, how do firms manage receivables. The inventory, and how firms are financed by payables and short term credit. We will look at concepts as networking capital and need of funds for operations. Now, there's another part in finance that is called Corporate Finance or Structural Finance. That part of finance is more focused that how to finance the fixed assets of the company. And what is the balance between debt and equity that every company should have. Now, this part of the course is beyond the scope of this operation of finance course. But I mention it to you so that you know that there is a second part in which you can go deeper into finance. As I mentioned in the beginning of this video. What we're going to see here is to help you understand a financial analysis of a company. Trying to diagnose the problems that the company has and then trying to implement possible and feasible solutions or action plans. That help us make a robust business. [MUSIC]

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