Join Jim Stice for an in-depth discussion in this video What is financial ratio analysis?, part of Finance for Non-Financial Managers.
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- In this section, we will discuss how common,…external financial reports are used by those…who are standing on the outside of a company…and trying to assess the financial viability…on the inside of a company.…Of course it would be preferable…if we could just get inside the company…to do our analysis.…But companies do not like outsiders poking around…on the inside of their company.…There's just too much proprietary information…that they do not want exposed to outsiders.…Things like cost structures, pricing margins,…and R and D efforts, to name a few.…
We must make do with the information that is available.…Another point to keep in mind…is that the analysis techniques that we will practice…on the external financial statements…can be developed and applied within a firm,…using proprietary, firm-specific information.…In other words, we will practice the techniques…on commonly available information…and you can develop unique techniques within your company…for analyzing firm-specific information.…So, let's begin.…First of all, let's ask the question:…
- Interpret financial reports and make decisions based on available data
- Manage inventory and receivables
- Create an accurate budget
- Cost a product or service
- Analyze customers
- Understand your income taxes
- Communicate your contribution to the bottom line
Skill Level Appropriate for all
1. Understanding Finance and Accounting
2. Most Common Financial Reports
3. Techniques for Using Financial Reports
4. Short-Term Financial Management
5. Costing a Product or Service
Drafting a budget4m 59s
7. Income Taxes
Next steps1m 38s
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