An introduction to being a CFO and cost analysis. Learn about profitability and financial analysis!
The purpose of this course is to teach you how to perform detailed financial analysis of a business’ (or your company’s) financial situation. This is Intro to Financial Analysis but covers the main topics of Cost / Managerial Accounting.
This course will show you where to focus your analysis and energy but will require you to dig into the financial--both the actual transactions and budget--to come up with the reason why things are happening.
We will work through this Google Sheet together.
What You Will Learn
- Understanding costs and profit
- The difference between variable costs and fixed costs
- Contribution/Unit Margin, Total Margin or Profit
- Understanding break-even
- How many units do I need to sell to make sure I’m not losing money?
- Difference between profit and cash
- Why is cash king?
- Basics of budgeting and forecasting for a business
- Should I start this business?
- Basics of variance analysis
- Why didn’t I make as much money as I thought I would have?
